MFS Intermediate Income Trust (NYSE:MIN - Get Free Report) Director Todd Reit bought 4,400 shares of the firm's stock in a transaction dated Tuesday, July 21st. The stock was purchased at an average price of $2.49 per share, with a total value of $10,956.00. Following the transaction, the director owned 4,400 shares in the company, valued at approximately $10,956. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
MFS Intermediate Income Trust Trading Up 0.6%
Shares of NYSE MIN opened at $2.40 on Wednesday. MFS Intermediate Income Trust has a twelve month low of $2.39 and a twelve month high of $2.72. The business has a 50 day simple moving average of $2.45 and a 200-day simple moving average of $2.50.
MFS Intermediate Income Trust Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Thursday, July 23rd will be paid a dividend of $0.02 per share. The ex-dividend date is Thursday, July 23rd. This is a positive change from MFS Intermediate Income Trust's previous monthly dividend of $0.02. This represents a c) annualized dividend and a yield of 10.0%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of MIN. Stephens Inc. AR boosted its holdings in shares of MFS Intermediate Income Trust by 3.3% in the 4th quarter. Stephens Inc. AR now owns 124,255 shares of the financial services provider's stock valued at $324,000 after buying an additional 4,000 shares during the period. Private Advisor Group LLC lifted its holdings in MFS Intermediate Income Trust by 1.5% in the first quarter. Private Advisor Group LLC now owns 347,425 shares of the financial services provider's stock worth $872,000 after acquiring an additional 5,075 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in MFS Intermediate Income Trust by 34.7% in the fourth quarter. Benjamin Edwards Inc. now owns 27,170 shares of the financial services provider's stock worth $71,000 after acquiring an additional 7,000 shares during the last quarter. Compound Planning Inc. boosted its stake in MFS Intermediate Income Trust by 49.9% in the first quarter. Compound Planning Inc. now owns 25,797 shares of the financial services provider's stock valued at $65,000 after acquiring an additional 8,584 shares during the period. Finally, Decision Investments Inc. grew its holdings in shares of MFS Intermediate Income Trust by 6.6% during the first quarter. Decision Investments Inc. now owns 163,000 shares of the financial services provider's stock valued at $409,000 after purchasing an additional 10,100 shares during the last quarter. 50.90% of the stock is currently owned by institutional investors.
About MFS Intermediate Income Trust
(
Get Free Report)
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.
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