MFS Intermediate Income Trust $MIN Shares Sold by Penbrook Management LLC

Penbrook Management LLC lessened its holdings in shares of MFS Intermediate Income Trust (NYSE:MIN) by 24.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,093 shares of the financial services provider’s stock after selling 8,800 shares during the quarter. Penbrook Management LLC’s holdings in MFS Intermediate Income Trust were worth $73,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new stake in MFS Intermediate Income Trust during the 1st quarter valued at approximately $40,000. EP Wealth Advisors LLC acquired a new stake in MFS Intermediate Income Trust during the 1st quarter valued at approximately $42,000. AlphaCore Capital LLC acquired a new stake in MFS Intermediate Income Trust during the 1st quarter valued at approximately $114,000. Ethos Financial Group LLC acquired a new stake in MFS Intermediate Income Trust during the 1st quarter valued at approximately $138,000. Finally, Integrity Alliance LLC. acquired a new stake in MFS Intermediate Income Trust during the 1st quarter valued at approximately $197,000. Institutional investors and hedge funds own 50.90% of the company’s stock.

MFS Intermediate Income Trust Stock Performance

Shares of NYSE MIN opened at $2.66 on Tuesday. The business has a 50 day moving average price of $2.68 and a two-hundred day moving average price of $2.67. MFS Intermediate Income Trust has a fifty-two week low of $2.61 and a fifty-two week high of $2.76.

MFS Intermediate Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 14th will be issued a dividend of $0.0195 per share. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a c) dividend on an annualized basis and a yield of 8.8%. This is a boost from MFS Intermediate Income Trust’s previous monthly dividend of $0.02.

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.