Advisors Asset Management Inc. Acquires New Shares in MFS Intermediate Income Trust $MIN

Advisors Asset Management Inc. acquired a new position in shares of MFS Intermediate Income Trust (NYSE:MIN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 231,571 shares of the financial services provider’s stock, valued at approximately $628,000.

Other large investors have also recently bought and sold shares of the company. Wealthspire Advisors LLC bought a new stake in shares of MFS Intermediate Income Trust during the second quarter worth about $117,000. Wealth Quarterback LLC bought a new position in MFS Intermediate Income Trust in the 2nd quarter valued at approximately $28,000. Shaker Financial Services LLC boosted its position in MFS Intermediate Income Trust by 23.0% during the 2nd quarter. Shaker Financial Services LLC now owns 25,050 shares of the financial services provider’s stock worth $68,000 after buying an additional 4,680 shares during the period. Ameritas Advisory Services LLC grew its holdings in MFS Intermediate Income Trust by 31.0% during the 2nd quarter. Ameritas Advisory Services LLC now owns 326,965 shares of the financial services provider’s stock worth $886,000 after acquiring an additional 77,457 shares during the last quarter. Finally, Integrity Alliance LLC. bought a new stake in MFS Intermediate Income Trust during the 1st quarter worth approximately $197,000. 50.90% of the stock is currently owned by institutional investors.

MFS Intermediate Income Trust Stock Down 0.2%

MIN stock opened at $2.66 on Wednesday. The company has a fifty day moving average price of $2.64 and a 200-day moving average price of $2.67. MFS Intermediate Income Trust has a 52-week low of $2.59 and a 52-week high of $2.73.

MFS Intermediate Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a dividend of $0.0194 per share. This represents a c) annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Tuesday, December 16th.

MFS Intermediate Income Trust Profile

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.