1607 Capital Partners LLC Has $16.23 Million Stock Holdings in MFS Intermediate Income Trust $MIN

1607 Capital Partners LLC lessened its position in MFS Intermediate Income Trust (NYSE:MIN) by 16.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,218,476 shares of the financial services provider’s stock after selling 1,186,447 shares during the quarter. MFS Intermediate Income Trust makes up about 1.1% of 1607 Capital Partners LLC’s portfolio, making the stock its 17th biggest position. 1607 Capital Partners LLC owned about 0.05% of MFS Intermediate Income Trust worth $16,230,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Stephens Inc. AR raised its position in MFS Intermediate Income Trust by 3.3% in the 4th quarter. Stephens Inc. AR now owns 124,255 shares of the financial services provider’s stock valued at $324,000 after buying an additional 4,000 shares during the last quarter. Benjamin Edwards Inc. raised its position in MFS Intermediate Income Trust by 34.7% in the 4th quarter. Benjamin Edwards Inc. now owns 27,170 shares of the financial services provider’s stock valued at $71,000 after buying an additional 7,000 shares during the last quarter. Raymond James Financial Inc. raised its position in MFS Intermediate Income Trust by 10.9% in the 2nd quarter. Raymond James Financial Inc. now owns 132,779 shares of the financial services provider’s stock valued at $360,000 after buying an additional 12,998 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in MFS Intermediate Income Trust in the 4th quarter valued at approximately $34,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in MFS Intermediate Income Trust in the 3rd quarter valued at approximately $39,000. Institutional investors and hedge funds own 50.90% of the company’s stock.

MFS Intermediate Income Trust Price Performance

Shares of MFS Intermediate Income Trust stock opened at $2.44 on Thursday. The business’s 50 day simple moving average is $2.46 and its 200 day simple moving average is $2.54. MFS Intermediate Income Trust has a 52-week low of $2.41 and a 52-week high of $2.73.

MFS Intermediate Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $0.0186 dividend. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date is Tuesday, June 16th.

MFS Intermediate Income Trust Company Profile

MFS Intermediate Income Trust (NYSE: MIN) is a closed-end management investment company that seeks to provide a high level of current income consistent with the preservation of capital. The Trust pursues its objective by investing primarily in a diversified portfolio of intermediate-duration fixed-income securities. Its holdings typically include investment-grade corporate bonds, mortgage- and asset-backed securities, and select non-investment-grade debt instruments. The Trust may employ leverage to enhance income potential and intends to distribute gains and interest earnings on a monthly basis.

The portfolio is managed by the fixed-income team at MFS Investment Management, a global asset manager founded in 1924 and headquartered in Boston, Massachusetts.