MFS Intermediate Income Trust (NYSE:MIN) Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lessened its holdings in shares of MFS Intermediate Income Trust (NYSE:MIN) by 45.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 20,616 shares of the financial services provider’s stock after selling 17,177 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in MFS Intermediate Income Trust were worth $56,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MIN. Karpus Management Inc. raised its holdings in shares of MFS Intermediate Income Trust by 50.6% during the first quarter. Karpus Management Inc. now owns 7,640,671 shares of the financial services provider’s stock valued at $20,324,000 after buying an additional 2,568,806 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of MFS Intermediate Income Trust by 47.1% during the third quarter. Private Advisor Group LLC now owns 210,700 shares of the financial services provider’s stock valued at $573,000 after buying an additional 67,500 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of MFS Intermediate Income Trust by 37.6% during the second quarter. Ameritas Advisory Services LLC now owns 232,640 shares of the financial services provider’s stock valued at $619,000 after buying an additional 63,582 shares during the last quarter. Shaker Financial Services LLC raised its holdings in shares of MFS Intermediate Income Trust by 30.6% during the second quarter. Shaker Financial Services LLC now owns 152,493 shares of the financial services provider’s stock valued at $406,000 after buying an additional 35,757 shares during the last quarter. Finally, Dakota Wealth Management raised its holdings in shares of MFS Intermediate Income Trust by 72.5% during the second quarter. Dakota Wealth Management now owns 71,700 shares of the financial services provider’s stock valued at $191,000 after buying an additional 30,125 shares during the last quarter. Institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Stock Up 0.7 %

MIN opened at $2.73 on Wednesday. MFS Intermediate Income Trust has a twelve month low of $2.52 and a twelve month high of $2.85. The business’s 50 day moving average is $2.74 and its 200-day moving average is $2.69.

MFS Intermediate Income Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be given a $0.0201 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.24 dividend on an annualized basis and a yield of 8.83%.

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.