MFS Intermediate Income Trust $MIN Shares Acquired by Sit Investment Associates Inc.

Sit Investment Associates Inc. increased its stake in MFS Intermediate Income Trust (NYSE:MIN) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,167,975 shares of the financial services provider’s stock after acquiring an additional 213,250 shares during the period. MFS Intermediate Income Trust makes up 1.5% of Sit Investment Associates Inc.’s investment portfolio, making the stock its 12th largest position. Sit Investment Associates Inc. owned about 25.63% of MFS Intermediate Income Trust worth $76,128,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Ameriprise Financial Inc. boosted its position in shares of MFS Intermediate Income Trust by 6.8% in the third quarter. Ameriprise Financial Inc. now owns 3,232,821 shares of the financial services provider’s stock worth $8,664,000 after acquiring an additional 206,565 shares during the last quarter. Invesco Ltd. boosted its position in shares of MFS Intermediate Income Trust by 2.5% in the third quarter. Invesco Ltd. now owns 1,150,617 shares of the financial services provider’s stock worth $3,084,000 after acquiring an additional 28,337 shares during the last quarter. LPL Financial LLC boosted its position in shares of MFS Intermediate Income Trust by 1.7% in the fourth quarter. LPL Financial LLC now owns 1,048,765 shares of the financial services provider’s stock worth $2,737,000 after acquiring an additional 17,289 shares during the last quarter. Bank of America Corp DE boosted its position in shares of MFS Intermediate Income Trust by 26.2% in the third quarter. Bank of America Corp DE now owns 898,697 shares of the financial services provider’s stock worth $2,409,000 after acquiring an additional 186,567 shares during the last quarter. Finally, Equitable Holdings Inc. boosted its position in shares of MFS Intermediate Income Trust by 14.5% in the third quarter. Equitable Holdings Inc. now owns 580,764 shares of the financial services provider’s stock worth $1,556,000 after acquiring an additional 73,737 shares during the last quarter. 50.90% of the stock is owned by institutional investors and hedge funds.

MFS Intermediate Income Trust Price Performance

MIN opened at $2.45 on Friday. The company’s 50 day simple moving average is $2.46 and its 200 day simple moving average is $2.55. MFS Intermediate Income Trust has a 1 year low of $2.41 and a 1 year high of $2.73.

MFS Intermediate Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $0.0186 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a c) annualized dividend and a dividend yield of 9.1%.

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.