MFS Intermediate Income Trust (NYSE:MIN) Shares Pass Below 200-Day Moving Average of $2.70

Shares of MFS Intermediate Income Trust (NYSE:MINGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.70 and traded as low as $2.65. MFS Intermediate Income Trust shares last traded at $2.66, with a volume of 599,853 shares trading hands.

MFS Intermediate Income Trust Stock Performance

The stock’s 50 day moving average is $2.72 and its 200 day moving average is $2.70.

MFS Intermediate Income Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were issued a dividend of $0.0203 per share. This represents a $0.24 dividend on an annualized basis and a yield of 9.16%. The ex-dividend date was Tuesday, March 12th.

Institutional Trading of MFS Intermediate Income Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of MIN. Raymond James & Associates increased its holdings in MFS Intermediate Income Trust by 71.5% during the 1st quarter. Raymond James & Associates now owns 36,142 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 15,073 shares during the period. Cetera Advisor Networks LLC bought a new position in shares of MFS Intermediate Income Trust in the 1st quarter worth $38,000. NewEdge Advisors LLC increased its holdings in shares of MFS Intermediate Income Trust by 5.4% in the 1st quarter. NewEdge Advisors LLC now owns 311,812 shares of the financial services provider’s stock worth $982,000 after buying an additional 16,100 shares during the last quarter. Centaurus Financial Inc. increased its holdings in shares of MFS Intermediate Income Trust by 0.4% in the 1st quarter. Centaurus Financial Inc. now owns 12,411,227 shares of the financial services provider’s stock worth $39,095,000 after buying an additional 51,579 shares during the last quarter. Finally, Atria Wealth Solutions Inc. bought a new position in shares of MFS Intermediate Income Trust in the 1st quarter worth $211,000. Institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Company Profile

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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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