Penbrook Management LLC Decreases Stake in MFS Intermediate Income Trust (NYSE:MIN)

Penbrook Management LLC lessened its position in shares of MFS Intermediate Income Trust (NYSE:MIN) by 35.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,493 shares of the financial services provider’s stock after selling 20,736 shares during the quarter. Penbrook Management LLC’s holdings in MFS Intermediate Income Trust were worth $100,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in shares of MFS Intermediate Income Trust in the third quarter valued at $92,000. Private Advisor Group LLC lifted its position in 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 purchasing an additional 67,500 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of MFS Intermediate Income Trust in the 3rd quarter worth about $604,000. EP Wealth Advisors LLC increased its holdings in shares of MFS Intermediate Income Trust by 37.0% in the 3rd quarter. EP Wealth Advisors LLC now owns 15,750 shares of the financial services provider’s stock worth $43,000 after buying an additional 4,250 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of MFS Intermediate Income Trust during the 2nd quarter valued at about $62,000. Institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Stock Performance

MIN opened at $2.68 on Thursday. The stock has a 50-day moving average of $2.68 and a 200 day moving average of $2.71. MFS Intermediate Income Trust has a 12 month low of $2.56 and a 12 month high of $2.85.

MFS Intermediate Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th will be given a dividend of $0.0198 per share. This represents a $0.24 annualized dividend and a dividend yield of 8.85%. The ex-dividend date is Tuesday, January 14th.

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.