Osaic Holdings Inc. Boosts Position in MFS Intermediate Income Trust $MIN

Osaic Holdings Inc. boosted its stake in shares of MFS Intermediate Income Trust (NYSE:MIN) by 1,566.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,080,926 shares of the financial services provider’s stock after buying an additional 1,956,078 shares during the quarter. Osaic Holdings Inc. owned approximately 1.83% of MFS Intermediate Income Trust worth $5,639,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MIN. Ameriprise Financial Inc. raised its stake in shares of MFS Intermediate Income Trust by 2.7% during the second quarter. Ameriprise Financial Inc. now owns 3,026,256 shares of the financial services provider’s stock valued at $8,191,000 after acquiring an additional 79,470 shares in the last quarter. Invesco Ltd. increased its holdings in MFS Intermediate Income Trust by 2.0% during the 2nd quarter. Invesco Ltd. now owns 1,122,280 shares of the financial services provider’s stock worth $3,041,000 after purchasing an additional 22,248 shares during the period. Bank of America Corp DE lifted its holdings in shares of MFS Intermediate Income Trust by 6.5% in the 2nd quarter. Bank of America Corp DE now owns 712,130 shares of the financial services provider’s stock worth $1,930,000 after buying an additional 43,686 shares during the period. Ameritas Advisory Services LLC lifted its holdings in shares of MFS Intermediate Income Trust by 31.0% in the 2nd quarter. Ameritas Advisory Services LLC now owns 326,965 shares of the financial services provider’s stock worth $886,000 after buying an additional 77,457 shares during the period. Finally, M Holdings Securities Inc. bought a new position in shares of MFS Intermediate Income Trust during the 2nd quarter worth $703,000. 50.90% of the stock is currently owned by institutional investors.

MFS Intermediate Income Trust Stock Performance

MIN stock opened at $2.63 on Tuesday. MFS Intermediate Income Trust has a 1-year low of $2.59 and a 1-year high of $2.73. The business has a 50-day moving average price of $2.63 and a 200 day moving average price of $2.66.

MFS Intermediate Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a $0.0194 dividend. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend is Tuesday, December 16th.

MFS Intermediate Income Trust Company Profile

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.