MFS Intermediate Income Trust (MIN) Shares Bought by Sit Investment Associates Inc.

Sit Investment Associates Inc. increased its position in MFS Intermediate Income Trust (NYSE:MIN) by 4.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,788,972 shares of the financial services provider’s stock after buying an additional 572,815 shares during the quarter. MFS Intermediate Income Trust comprises 1.3% of Sit Investment Associates Inc.’s holdings, making the stock its 10th largest position. Sit Investment Associates Inc. owned approximately 0.11% of MFS Intermediate Income Trust worth $53,074,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Yellowstone Partners LLC purchased a new position in shares of MFS Intermediate Income Trust in the third quarter valued at $253,000. Private Advisor Group LLC purchased a new position in shares of MFS Intermediate Income Trust in the third quarter valued at $230,000. Thrivent Financial For Lutherans boosted its stake in shares of MFS Intermediate Income Trust by 12.2% in the second quarter. Thrivent Financial For Lutherans now owns 445,259 shares of the financial services provider’s stock valued at $1,924,000 after purchasing an additional 48,375 shares during the period. Royal Bank of Canada boosted its stake in shares of MFS Intermediate Income Trust by 22.6% in the second quarter. Royal Bank of Canada now owns 126,421 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 23,289 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its stake in MFS Intermediate Income Trust by 30.4% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 60,000 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 14,000 shares during the last quarter. Institutional investors and hedge funds own 33.44% of the company’s stock.

MFS Intermediate Income Trust (NYSE:MIN) traded down $0.01 during midday trading on Wednesday, reaching $4.13. 178,300 shares of the company’s stock were exchanged, compared to its average volume of 315,050. MFS Intermediate Income Trust has a 12-month low of $4.09 and a 12-month high of $4.44.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be paid a dividend of $0.031 per share. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $0.37 dividend on an annualized basis and a yield of 9.01%.

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About MFS Intermediate Income Trust

MFS Intermediate Income Trust (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek high current income, but may also consider capital appreciation. The Fund’s investment portfolio includes Investment Grade Corporates, the Non-United States Government Bonds, the United States Treasury Securities, Emerging Markets Bonds, Asset-Backed Securities, Mortgage-Backed Securities, High Yield Corporates, the United States Government Agencies, Residential Mortgage-Backed Securities, Commercial Mortgage-Backed Securities and Collateralized Debt Obligations.

Want to see what other hedge funds are holding MIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MFS Intermediate Income Trust (NYSE:MIN).

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

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