Cary Street Partners Financial LLC Makes New $95,000 Investment in MFS Intermediate Income Trust (NYSE:MIN)

Cary Street Partners Financial LLC purchased a new stake in shares of MFS Intermediate Income Trust (NYSE:MIN) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 35,800 shares of the financial services provider’s stock, valued at approximately $95,000.

A number of other large investors also recently modified their holdings of the company. Stephens Inc. AR lifted its stake in MFS Intermediate Income Trust by 3.5% in the 4th quarter. Stephens Inc. AR now owns 119,555 shares of the financial services provider’s stock worth $318,000 after purchasing an additional 4,000 shares in the last quarter. Invesco Ltd. boosted its stake in MFS Intermediate Income Trust by 0.9% during the fourth quarter. Invesco Ltd. now owns 1,113,847 shares of the financial services provider’s stock valued at $2,963,000 after buying an additional 9,837 shares during the period. Bank of America Corp DE grew its position in MFS Intermediate Income Trust by 3.6% during the fourth quarter. Bank of America Corp DE now owns 394,161 shares of the financial services provider’s stock worth $1,048,000 after buying an additional 13,523 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of MFS Intermediate Income Trust during the 4th quarter valued at about $45,000. Finally, Kingsview Wealth Management LLC grew its holdings in shares of MFS Intermediate Income Trust by 9.9% during the fourth quarter. Kingsview Wealth Management LLC now owns 266,398 shares of the financial services provider’s stock worth $709,000 after purchasing an additional 24,010 shares in the last quarter. 50.90% of the stock is currently owned by institutional investors.

MFS Intermediate Income Trust Stock Performance

MIN stock opened at $2.69 on Monday. The company’s 50 day moving average is $2.68 and its 200 day moving average is $2.68. MFS Intermediate Income Trust has a 1-year low of $2.58 and a 1-year high of $2.79.

MFS Intermediate Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, May 13th will be given a $0.0196 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $0.23 annualized dividend and a yield of 8.73%.

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.