Cary Street Partners Financial LLC Invests $95,000 in MFS Intermediate Income Trust (NYSE:MIN)

Cary Street Partners Financial LLC purchased a new stake in shares of MFS Intermediate Income Trust (NYSE:MIN) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 35,800 shares of the financial services provider’s stock, valued at approximately $95,000.

A number of other hedge funds have also bought and sold shares of MIN. Jane Street Group LLC purchased a new stake in shares of MFS Intermediate Income Trust during the 3rd quarter valued at $92,000. Stephens Inc. AR increased its holdings in MFS Intermediate Income Trust by 3.5% during the fourth quarter. Stephens Inc. AR now owns 119,555 shares of the financial services provider’s stock worth $318,000 after buying an additional 4,000 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in MFS Intermediate Income Trust during the fourth quarter worth about $297,000. Invesco Ltd. boosted its stake in MFS Intermediate Income Trust by 0.9% in the fourth quarter. Invesco Ltd. now owns 1,113,847 shares of the financial services provider’s stock valued at $2,963,000 after acquiring an additional 9,837 shares during the last quarter. Finally, LPL Financial LLC grew its position in shares of MFS Intermediate Income Trust by 10.9% during the 4th quarter. LPL Financial LLC now owns 407,475 shares of the financial services provider’s stock valued at $1,084,000 after acquiring an additional 39,954 shares during the period. 50.90% of the stock is currently owned by institutional investors.

MFS Intermediate Income Trust Stock Down 0.4%

NYSE:MIN opened at $2.69 on Monday. MFS Intermediate Income Trust has a 12 month low of $2.58 and a 12 month high of $2.79. The firm’s 50 day moving average is $2.68 and its 200 day moving average is $2.68.

MFS Intermediate Income Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.0196 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.23 annualized dividend and a dividend yield of 8.73%.

MFS Intermediate Income Trust Company Profile

MFS Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets across the globe. It primarily invests in debt instruments. The fund seeks to benchmarks the performance of its portfolio against the Barclays Intermediate U.S.