MFS Intermediate Income Trust (NYSE:MIN) stock price is moving above its fifty day moving average of $2.73

Shares of MFS Intermediate Income Trust (NYSE:MIN – Get Your Free Report ) moved above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.73 and traded as high as $2.76. Shares of MFS Intermediate Income Trust last traded at $2.72 with a volume of 477,648 shares.

MFS Intermediate Income Trust Stock Performance

The company has a fifty day simple moving average of $2.73 and a two hundred day simple moving average of $2.67.

MFS Intermediary Income Trust Increases Dividends

The company also recently declared a monthly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 17th were paid a $0.0203 dividend. This is a positive change from MFS Intermediate Income Trust’s previous monthly dividend of $0.02. The ex-dividend date was Tuesday, September 17th. This represents an annualized dividend of $0.24 and a yield of 8.95%.

Institutional inputs and outputs

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Karpus Management Inc. grew its position in shares of MFS Intermediate Income Trust by 50.6% in the first quarter. Karpus Management Inc. now owns 7,640,671 shares of the financial services provider’s stock worth $20,324,000 after purchasing an additional 2,568,806 shares in the last quarter. Ameritas Advisory Services LLC raised its stake in MFS Intermediate Income Trust by 37.6% in the second quarter. Ameritas Advisory Services LLC now owns 232,640 shares of the financial services provider’s stock worth $619,000 after purchasing an additional 63,582 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of MFS Intermediate Income Trust by 38.5% in the first quarter. Private Advisor Group LLC now owns 136,308 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 37,918 shares in the last quarter. Shaker Financial Services LLC boosted its stake in MFS Intermediate Income Trust by 30.6% in the second quarter. Shaker Financial Services LLC now owns 152,493 shares of the financial services provider’s stock valued at $406,000 after acquiring an additional 35,757 shares in the last quarter. Finally, Dakota Wealth Management boosted its holdings in shares of MFS Intermediate Income Trust by 72.5% in the second quarter. Dakota Wealth Management now owns 71,700 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 30,125 shares in the last quarter. 50.90% of shares are held by institutional investors.

Company Profile of MFS Intermediate Income Trust

(Get a free report)

MFS Intermediate Income Trust is a closed-end fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets around the world. It mainly invests in debt instruments. The fund seeks to measure the performance of its portfolio against the Barclays Intermediate US

Featured stories

Get daily news and ratings for MFS Intermediate Income Trust – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MFS Intermediate Income Trust and related companies with MarketBeat.com’s FREE daily email newsletter.