Shaker Financial Services LLC Takes Position in MFS Intermediate Income Trust (NYSE:MIN)

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Shaker Financial Services LLC acquired a new stake in MFS Intermediate Income Trust (NYSE:MIN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 154,785 shares of the financial services provider’s stock, valued at approximately $577,000. Shaker Financial Services LLC owned approximately 0.13% of MFS Intermediate Income Trust at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC raised its stake in MFS Intermediate Income Trust by 692.9% in the third quarter. CWM LLC now owns 281,489 shares of the financial services provider’s stock valued at $1,050,000 after buying an additional 245,989 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of MFS Intermediate Income Trust during the second quarter worth about $454,000. Dynamic Advisor Solutions LLC increased its position in shares of MFS Intermediate Income Trust by 82.7% during the third quarter. Dynamic Advisor Solutions LLC now owns 237,809 shares of the financial services provider’s stock worth $887,000 after purchasing an additional 107,622 shares in the last quarter. Evoke Wealth LLC acquired a new stake in shares of MFS Intermediate Income Trust during the second quarter worth about $289,000. Finally, Royal Bank of Canada increased its position in shares of MFS Intermediate Income Trust by 104.5% during the first quarter. Royal Bank of Canada now owns 149,658 shares of the financial services provider’s stock worth $539,000 after purchasing an additional 76,468 shares in the last quarter. Institutional investors and hedge funds own 38.79% of the company’s stock.

MIN opened at $3.79 on Tuesday. MFS Intermediate Income Trust has a one year low of $3.23 and a one year high of $3.95. The business’s 50-day simple moving average is $3.75 and its 200-day simple moving average is $3.80.

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Wednesday, November 18th will be issued a dividend of $0.028 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 8.87%. The ex-dividend date is Tuesday, November 17th.

About MFS Intermediate Income Trust

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.

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Institutional Ownership by Quarter for MFS Intermediate Income Trust (NYSE:MIN)

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