Choreo LLC Purchases Shares of 27,531 MFS Intermediate Income Trust (NYSE:MIN)

Choreo LLC purchased a new stake in MFS Intermediate Income Trust (NYSE:MIN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 27,531 shares of the financial services provider’s stock, valued at approximately $73,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Karpus Management Inc. raised its holdings in shares of MFS Intermediate Income Trust by 50.6% in the 1st quarter. Karpus Management Inc. now owns 7,640,671 shares of the financial services provider’s stock valued at $20,324,000 after acquiring an additional 2,568,806 shares in the last quarter. Relative Value Partners Group LLC raised its holdings in shares of MFS Intermediate Income Trust by 3.9% in the 4th quarter. Relative Value Partners Group LLC now owns 311,503 shares of the financial services provider’s stock valued at $835,000 after acquiring an additional 11,750 shares in the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of MFS Intermediate Income Trust by 37.6% in the 2nd quarter. Ameritas Advisory Services LLC now owns 232,640 shares of the financial services provider’s stock valued at $619,000 after acquiring an additional 63,582 shares in the last quarter. Shaker Financial Services LLC raised its holdings in shares of MFS Intermediate Income Trust by 30.6% in the 2nd quarter. Shaker Financial Services LLC now owns 152,493 shares of the financial services provider’s stock valued at $406,000 after acquiring an additional 35,757 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in shares of MFS Intermediate Income Trust by 38.5% during the 1st quarter. Private Advisor Group LLC now owns 136,308 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 37,918 shares during the last quarter. Hedge funds and other institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Trading Up 0.5 %

Shares of MFS Intermediate Income Trust stock opened at $2.75 on Friday. The business’s 50-day moving average price is $2.73 and its 200-day moving average price is $2.67. MFS Intermediate Income Trust has a 12 month low of $2.52 and a 12 month high of $2.85.

MFS Intermediate Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.0203 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This is a positive change from MFS Intermediate Income Trust’s previous monthly dividend of $0.02. This represents a $0.24 annualized dividend and a dividend yield of 8.87%.

About MFS Intermediate Income Trust

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.