Ameritas Advisory Services LLC Buys 77,457 Shares of MFS Intermediate Income Trust $MIN

Ameritas Advisory Services LLC raised its stake in shares of MFS Intermediate Income Trust (NYSE:MIN) by 31.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 326,965 shares of the financial services provider’s stock after purchasing an additional 77,457 shares during the quarter. Ameritas Advisory Services LLC owned 0.29% of MFS Intermediate Income Trust worth $886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of MIN. Farther Finance Advisors LLC bought a new stake in MFS Intermediate Income Trust during the first quarter valued at approximately $40,000. EP Wealth Advisors LLC bought a new stake in MFS Intermediate Income Trust during the first quarter valued at approximately $42,000. Citadel Advisors LLC lifted its position in MFS Intermediate Income Trust by 17.0% during the fourth quarter. Citadel Advisors LLC now owns 29,664 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 4,310 shares during the last quarter. AlphaCore Capital LLC bought a new stake in MFS Intermediate Income Trust during the first quarter valued at approximately $114,000. Finally, Ethos Financial Group LLC bought a new stake in MFS Intermediate Income Trust during the first quarter valued at approximately $138,000. 50.90% of the stock is currently owned by institutional investors.

MFS Intermediate Income Trust Stock Performance

Shares of MIN opened at $2.67 on Monday. MFS Intermediate Income Trust has a fifty-two week low of $2.61 and a fifty-two week high of $2.79. The firm has a 50 day moving average price of $2.68 and a 200-day moving average price of $2.68.

MFS Intermediate Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 14th will be given a $0.0195 dividend. This represents a c) dividend on an annualized basis and a yield of 8.8%. The ex-dividend date is Tuesday, October 14th. This is a boost from MFS Intermediate Income Trust’s previous monthly dividend of $0.02.

MFS Intermediate Income Trust 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.