Weiss Asset Management LP Takes Position in MFS Intermediate Income Trust (NYSE:MIN)

Weiss Asset Management LP purchased a new position in MFS Intermediate Income Trust (NYSE:MIN) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 43,391 shares of the financial services provider’s stock, valued at approximately $165,000.

A number of other hedge funds also recently bought and sold shares of MIN. Relative Value Partners Group LLC grew its position in shares of MFS Intermediate Income Trust by 1.6% in the 1st quarter. Relative Value Partners Group LLC now owns 3,206,597 shares of the financial services provider’s stock worth $12,185,000 after buying an additional 49,079 shares during the last quarter. Sit Investment Associates Inc. grew its position in shares of MFS Intermediate Income Trust by 71.5% in the 1st quarter. Sit Investment Associates Inc. now owns 13,009,898 shares of the financial services provider’s stock worth $49,438,000 after buying an additional 5,425,648 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV grew its position in shares of MFS Intermediate Income Trust by 148.6% in the 1st quarter. Mid Atlantic Financial Management Inc. ADV now owns 68,600 shares of the financial services provider’s stock worth $261,000 after buying an additional 41,000 shares during the last quarter. Shaker Financial Services LLC purchased a new position in shares of MFS Intermediate Income Trust in the 1st quarter worth approximately $731,000. Finally, Stephens Inc. AR grew its position in shares of MFS Intermediate Income Trust by 8.4% in the 1st quarter. Stephens Inc. AR now owns 38,905 shares of the financial services provider’s stock worth $148,000 after buying an additional 3,000 shares during the last quarter. 39.92% of the stock is currently owned by institutional investors.

Shares of MFS Intermediate Income Trust stock remained flat at $$3.80 on Wednesday. 204,200 shares of the stock were exchanged, compared to its average volume of 284,624. The stock’s 50-day moving average is $3.80. MFS Intermediate Income Trust has a 52-week low of $3.62 and a 52-week high of $3.88.

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a $0.029 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 9.16%. The ex-dividend date of this dividend is Tuesday, July 16th.

About MFS Intermediate Income Trust

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.

Further Reading: Return on Investment (ROI)

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

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