Sit Investment Associates Inc. Boosts Holdings in MFS Intermediate Income Trust (NYSE:MIN)

Sit Investment Associates Inc. raised its position in MFS Intermediate Income Trust (NYSE:MIN) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,232,895 shares of the financial services provider’s stock after acquiring an additional 1,523,468 shares during the quarter. MFS Intermediate Income Trust makes up about 1.5% of Sit Investment Associates Inc.’s investment portfolio, making the stock its 10th largest holding. Sit Investment Associates Inc. owned 0.21% of MFS Intermediate Income Trust worth $64,460,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kovitz Investment Group Partners LLC acquired a new stake in MFS Intermediate Income Trust in the 3rd quarter valued at about $604,000. Transform Wealth LLC bought a new stake in MFS Intermediate Income Trust in the fourth quarter valued at approximately $535,000. Raymond James Financial Inc. acquired a new stake in shares of MFS Intermediate Income Trust in the fourth quarter valued at approximately $297,000. Private Advisor Group LLC boosted its stake in shares of MFS Intermediate Income Trust by 30.1% during the 4th quarter. Private Advisor Group LLC now owns 274,200 shares of the financial services provider’s stock worth $729,000 after acquiring an additional 63,500 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of MFS Intermediate Income Trust by 10.9% during the 4th quarter. LPL Financial LLC now owns 407,475 shares of the financial services provider’s stock worth $1,084,000 after acquiring an additional 39,954 shares during the last quarter. Institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Stock Down 1.5 %

MIN stock opened at $2.66 on Friday. The company has a fifty day moving average price of $2.70 and a two-hundred day moving average price of $2.70. MFS Intermediate Income Trust has a one year low of $2.56 and a one year high of $2.79.

MFS Intermediate Income Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.0197 per share. This is an increase from MFS Intermediate Income Trust’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.24 annualized dividend and a dividend yield of 8.87%.

MFS Intermediate Income Trust Company 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.