Janney Montgomery Scott LLC lessened its stake in shares of MFS Intermediate Income Trust (NYSE:MIN) by 33.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,627 shares of the financial services provider’s stock after selling 5,833 shares during the period. Janney Montgomery Scott LLC’s holdings in MFS Intermediate Income Trust were worth $42,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Buckingham Asset Management LLC bought a new position in MFS Intermediate Income Trust during the 4th quarter worth $40,000. Park Avenue Securities LLC bought a new position in shares of MFS Intermediate Income Trust in the 1st quarter valued at $44,000. Nixon Peabody Trust Co. bought a new position in shares of MFS Intermediate Income Trust in the 1st quarter valued at $54,000. Vivaldi Capital Management LLC bought a new position in shares of MFS Intermediate Income Trust in the 4th quarter valued at $60,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of MFS Intermediate Income Trust by 21.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,984 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 39.30% of the company’s stock.

Shares of MIN opened at $3.75 on Friday. MFS Intermediate Income Trust has a 52-week low of $3.23 and a 52-week high of $3.89. The business’s fifty day moving average is $3.72 and its 200-day moving average is $3.75.

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Wednesday, May 13th will be paid a $0.028 dividend. The ex-dividend date is Tuesday, May 12th. This represents a $0.34 annualized dividend and a dividend yield of 8.96%.

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.

Further Reading: Do You Need a Fiduciary?

Want to see what other hedge funds are holding MIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MFS Intermediate Income Trust (NYSE:MIN).

Institutional Ownership by Quarter for MFS Intermediate Income Trust (NYSE:MIN)

Receive News & Ratings for MFS Intermediate Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFS Intermediate Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.