MFS Intermediate Income Trust (NYSE:MIN) Shares Acquired by Dakota Wealth Management

Dakota Wealth Management increased its position in shares of MFS Intermediate Income Trust (NYSE:MIN) by 72.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,700 shares of the financial services provider’s stock after acquiring an additional 30,125 shares during the period. Dakota Wealth Management owned about 0.06% of MFS Intermediate Income Trust worth $191,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MIN. Karpus Management Inc. increased its holdings in MFS Intermediate Income Trust by 50.6% during the 1st quarter. Karpus Management Inc. now owns 7,640,671 shares of the financial services provider’s stock worth $20,324,000 after purchasing an additional 2,568,806 shares during the period. Relative Value Partners Group LLC raised its holdings in shares of MFS Intermediate Income Trust by 3.9% in the 4th quarter. Relative Value Partners Group LLC now owns 311,503 shares of the financial services provider’s stock valued at $835,000 after purchasing an additional 11,750 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in shares of MFS Intermediate Income Trust by 7.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 226,712 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 15,551 shares during the last quarter. Private Advisor Group LLC increased its holdings in MFS Intermediate Income Trust by 38.5% in the first quarter. Private Advisor Group LLC now owns 136,308 shares of the financial services provider’s stock valued at $363,000 after buying an additional 37,918 shares during the last quarter. Finally, Shaker Financial Services LLC lifted its holdings in MFS Intermediate Income Trust by 33.1% during the 4th quarter. Shaker Financial Services LLC now owns 83,922 shares of the financial services provider’s stock worth $225,000 after buying an additional 20,887 shares during the last quarter. 50.90% of the stock is currently owned by hedge funds and other institutional investors.

MFS Intermediate Income Trust Stock Performance

MFS Intermediate Income Trust stock traded up $0.01 during mid-day trading on Wednesday, hitting $2.72. The company had a trading volume of 19,029 shares, compared to its average volume of 254,573. The business has a fifty day moving average of $2.68 and a 200 day moving average of $2.66. MFS Intermediate Income Trust has a 1 year low of $2.52 and a 1 year high of $2.85.

MFS Intermediate Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Tuesday, August 13th will be paid a dividend of $0.02 per share. This represents a $0.24 dividend on an annualized basis and a yield of 8.82%. The ex-dividend date of this dividend is Tuesday, August 13th.

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.