Meristem Family Wealth LLC Invests $170,000 in MFS Intermediate Income Trust (MIN) Stock

Meristem Family Wealth LLC purchased a new stake in shares of MFS Intermediate Income Trust (NYSE:MIN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 46,200 shares of the financial services provider’s stock, valued at approximately $170,000.

Other hedge funds have also made changes to their positions in the company. Nvwm LLC bought a new stake in MFS Intermediate Income Trust during the 4th quarter valued at $55,000. Creative Planning bought a new stake in MFS Intermediate Income Trust during the 3rd quarter valued at $117,000. Dakota Wealth Management bought a new stake in MFS Intermediate Income Trust during the 3rd quarter valued at $258,000. Financial & Investment Management Group Ltd. increased its stake in MFS Intermediate Income Trust by 5.6% during the 4th quarter. Financial & Investment Management Group Ltd. now owns 333,460 shares of the financial services provider’s stock valued at $1,224,000 after purchasing an additional 17,819 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in MFS Intermediate Income Trust by 1.9% during the 2nd quarter. Bank of America Corp DE now owns 1,058,786 shares of the financial services provider’s stock valued at $4,087,000 after purchasing an additional 19,354 shares in the last quarter. Institutional investors and hedge funds own 35.91% of the company’s stock.

Shares of MIN stock opened at $3.74 on Wednesday. MFS Intermediate Income Trust has a 12 month low of $3.62 and a 12 month high of $3.99.

The company also recently announced a monthly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Wednesday, February 13th will be paid a $0.0285 dividend. This is a positive change from MFS Intermediate Income Trust’s previous monthly dividend of $0.03. The ex-dividend date is Tuesday, February 12th. This represents a $0.34 annualized dividend and a dividend yield of 9.15%.

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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.

Further Reading: What is a Swap?

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

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