MFS Intermediate Income Trust (NYSE:MIN) Hits New 12-Month Low – Should You Sell?

MFS Intermediate Income Trust (NYSE:MIN)’s stock price hit a new 52-week low during trading on Friday. The stock traded as low as $13.61 and last traded at $13.7720, with a volume of 1186 shares trading hands. The stock had previously closed at $13.75.

MFS Intermediate Income Trust Stock Performance

The stock’s fifty day moving average price is $14.36 and its two-hundred day moving average price is $14.60.

MFS Intermediate Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd were given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 10.4%. The ex-dividend date of this dividend was Tuesday, September 22nd. This is a positive change from MFS Intermediate Income Trust’s previous monthly dividend of $0.02.

Institutional Investors Weigh In On MFS Intermediate Income Trust

A number of large investors have recently made changes to their positions in the business. Sit Investment Associates Inc. increased its stake in shares of MFS Intermediate Income Trust by 0.7% during the fourth quarter. Sit Investment Associates Inc. now owns 29,167,975 shares of the financial services provider’s stock valued at $76,128,000 after buying an additional 213,250 shares during the period. GatePass Capital LLC lifted its stake in MFS Intermediate Income Trust by 2,212.3% in the second quarter. GatePass Capital LLC now owns 601,200 shares of the financial services provider’s stock worth $1,485,000 after acquiring an additional 575,200 shares during the period. Private Advisor Group LLC lifted its stake in MFS Intermediate Income Trust by 1.5% in the first quarter. Private Advisor Group LLC now owns 347,425 shares of the financial services provider’s stock worth $872,000 after acquiring an additional 5,075 shares during the period. Ameritas Advisory Services LLC boosted its holdings in MFS Intermediate Income Trust by 24.3% in the second quarter. Ameritas Advisory Services LLC now owns 333,668 shares of the financial services provider’s stock valued at $824,000 after acquiring an additional 65,151 shares in the last quarter. Finally, Decision Investments Inc. boosted its holdings in MFS Intermediate Income Trust by 6.6% in the first quarter. Decision Investments Inc. now owns 163,000 shares of the financial services provider’s stock valued at $409,000 after acquiring an additional 10,100 shares in the last quarter. 50.90% of the stock is currently owned by institutional investors.

MFS Intermediate Income Trust Company Profile

MFS Intermediate Income Trust (NYSE:MIN) is a closed-end investment company managed by MFS Investment Management. The fund seeks to provide a high level of current income while also pursuing prudent investment management and preservation of capital.

The trust invests primarily in a diversified portfolio of fixed-income securities. Its holdings may include U.S. and foreign government and corporate bonds, mortgage- and asset-backed securities, and other debt instruments. The portfolio may also include below-investment-grade securities, which can provide additional income but involve greater credit risk.

MFS Intermediate Income Trust gives investors exposure to debt markets in the United States and other countries through a professionally managed portfolio.