MFS Intermediate Income Trust $MIN Stock Position Reduced by Penbrook Management LLC

Penbrook Management LLC lessened its position in shares of MFS Intermediate Income Trust (NYSE:MIN) by 24.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 27,093 shares of the financial services provider’s stock after selling 8,800 shares during the quarter. Penbrook Management LLC’s holdings in MFS Intermediate Income Trust were worth $73,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of MIN. Private Advisor Group LLC lifted its holdings in shares of MFS Intermediate Income Trust by 4.4% in the 1st quarter. Private Advisor Group LLC now owns 286,200 shares of the financial services provider’s stock worth $770,000 after purchasing an additional 12,000 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of MFS Intermediate Income Trust in the 1st quarter worth approximately $40,000. EP Wealth Advisors LLC bought a new stake in shares of MFS Intermediate Income Trust in the 1st quarter worth approximately $42,000. AlphaCore Capital LLC bought a new stake in shares of MFS Intermediate Income Trust in the 1st quarter worth approximately $114,000. Finally, Ethos Financial Group LLC bought a new stake in shares of MFS Intermediate Income Trust in the 1st quarter worth approximately $138,000. Institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Price Performance

Shares of NYSE MIN opened at $2.66 on Tuesday. MFS Intermediate Income Trust has a 12-month low of $2.61 and a 12-month high of $2.76. The stock’s 50 day simple moving average is $2.68 and its 200 day simple moving average is $2.67.

MFS Intermediate Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 14th will be issued a $0.0195 dividend. This is a positive change from MFS Intermediate Income Trust’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a c) annualized dividend and a dividend yield of 8.8%.

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.