M Holdings Securities Inc. Invests $703,000 in MFS Intermediate Income Trust $MIN

M Holdings Securities Inc. purchased a new position in shares of MFS Intermediate Income Trust (NYSE:MIN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 260,817 shares of the financial services provider’s stock, valued at approximately $703,000. M Holdings Securities Inc. owned about 0.23% of MFS Intermediate Income Trust at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Shaker Financial Services LLC grew its holdings in shares of MFS Intermediate Income Trust by 23.0% during the 2nd quarter. Shaker Financial Services LLC now owns 25,050 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 4,680 shares during the period. Wealth Quarterback LLC purchased a new stake in MFS Intermediate Income Trust during the second quarter worth approximately $28,000. EP Wealth Advisors LLC purchased a new stake in MFS Intermediate Income Trust during the first quarter worth approximately $42,000. Invesco Ltd. increased its position in shares of MFS Intermediate Income Trust by 2.0% in the second quarter. Invesco Ltd. now owns 1,122,280 shares of the financial services provider’s stock worth $3,041,000 after acquiring an additional 22,248 shares in the last quarter. Finally, AlphaCore Capital LLC acquired a new stake in shares of MFS Intermediate Income Trust in the first quarter worth $114,000. 50.90% of the stock is currently owned by hedge funds and other institutional investors.

MFS Intermediate Income Trust Stock Performance

NYSE:MIN opened at $2.66 on Friday. The firm’s fifty day simple moving average is $2.64 and its 200 day simple moving average is $2.67. MFS Intermediate Income Trust has a twelve month low of $2.59 and a twelve month high of $2.73.

MFS Intermediate Income Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.0194 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Tuesday, December 16th.

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.