MFS Intermediate Income Trust (NYSE:MIN) Shares Sold by GraniteShares Advisors LLC

GraniteShares Advisors LLC reduced its stake in MFS Intermediate Income Trust (NYSE:MINFree Report) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 499,683 shares of the financial services provider’s stock after selling 5,316 shares during the period. GraniteShares Advisors LLC’s holdings in MFS Intermediate Income Trust were worth $1,369,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sit Investment Associates Inc. raised its stake in MFS Intermediate Income Trust by 0.3% in the second quarter. Sit Investment Associates Inc. now owns 19,690,850 shares of the financial services provider’s stock valued at $53,953,000 after buying an additional 64,895 shares in the last quarter. Portside Wealth Group LLC acquired a new stake in MFS Intermediate Income Trust in the second quarter valued at $80,000. LPL Financial LLC grew its holdings in shares of MFS Intermediate Income Trust by 228.3% during the second quarter. LPL Financial LLC now owns 54,238 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 37,719 shares during the last quarter. Fortitude Advisory Group L.L.C. grew its holdings in shares of MFS Intermediate Income Trust by 11.8% during the second quarter. Fortitude Advisory Group L.L.C. now owns 203,922 shares of the financial services provider’s stock worth $559,000 after purchasing an additional 21,579 shares during the last quarter. Finally, Dakota Wealth Management grew its holdings in shares of MFS Intermediate Income Trust by 25.6% during the second quarter. Dakota Wealth Management now owns 38,275 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 7,800 shares during the last quarter. 46.52% of the stock is currently owned by institutional investors and hedge funds.

MFS Intermediate Income Trust Stock Down 0.6 %

Shares of MIN stock opened at $2.63 on Wednesday. The stock’s 50-day moving average is $2.65 and its two-hundred day moving average is $2.72. MFS Intermediate Income Trust has a 1 year low of $2.52 and a 1 year high of $2.97.

MFS Intermediate Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.02 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 9.15%. The ex-dividend date is Tuesday, November 14th.

MFS Intermediate Income Trust Profile

(Free Report)

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

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

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