MFS Intermediate Income Trust (NYSE:MIN) Director Buys $10,956.00 in Stock

MFS Intermediate Income Trust (NYSE:MIN) Director Todd Reit acquired 4,400 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The stock was bought at an average price of $2.49 per share, with a total value of $10,956.00. Following the acquisition, the director directly owned 4,400 shares of the company’s stock, valued at $10,956. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MFS Intermediate Income Trust Trading Up 0.2%

NYSE:MIN traded up $0.01 during mid-day trading on Tuesday, hitting $2.40. The company had a trading volume of 31,477 shares, compared to its average volume of 245,576. MFS Intermediate Income Trust has a fifty-two week low of $2.39 and a fifty-two week high of $2.72. The business’s fifty day moving average is $2.45 and its two-hundred day moving average is $2.50.

MFS Intermediate Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 23rd will be given a $0.02 dividend. The ex-dividend date is Thursday, July 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%. This is a positive change from MFS Intermediate Income Trust’s previous monthly dividend of $0.02.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MIN. Sit Investment Associates Inc. raised its holdings in MFS Intermediate Income Trust by 0.7% in the fourth quarter. Sit Investment Associates Inc. now owns 29,167,975 shares of the financial services provider’s stock worth $76,128,000 after purchasing an additional 213,250 shares during the period. Raymond James Financial Inc. increased its position in shares of MFS Intermediate Income Trust by 10.9% in the 2nd quarter. Raymond James Financial Inc. now owns 132,779 shares of the financial services provider’s stock valued at $360,000 after buying an additional 12,998 shares in the last quarter. Private Advisor Group LLC raised its stake in MFS Intermediate Income Trust by 8.3% during the 3rd quarter. Private Advisor Group LLC now owns 314,850 shares of the financial services provider’s stock worth $844,000 after buying an additional 24,150 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of MFS Intermediate Income Trust by 6.8% in the third quarter. Ameriprise Financial Inc. now owns 3,232,821 shares of the financial services provider’s stock worth $8,664,000 after acquiring an additional 206,565 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of MFS Intermediate Income Trust by 3.6% in the fourth quarter. Osaic Holdings Inc. now owns 2,107,608 shares of the financial services provider’s stock worth $5,501,000 after acquiring an additional 72,988 shares in the last quarter. Institutional investors and hedge funds own 50.90% of the company’s stock.

MFS Intermediate Income Trust Company Profile

MFS Intermediate Income Trust (NYSE: MIN) is a closed-end management investment company that seeks to provide a high level of current income consistent with the preservation of capital. The Trust pursues its objective by investing primarily in a diversified portfolio of intermediate-duration fixed-income securities. Its holdings typically include investment-grade corporate bonds, mortgage- and asset-backed securities, and select non-investment-grade debt instruments. The Trust may employ leverage to enhance income potential and intends to distribute gains and interest earnings on a monthly basis.

The portfolio is managed by the fixed-income team at MFS Investment Management, a global asset manager founded in 1924 and headquartered in Boston, Massachusetts.