Sit Investment Associates Inc. Buys 1,523,468 Shares of MFS Intermediate Income Trust (NYSE:MIN)

Sit Investment Associates Inc. boosted its stake in MFS Intermediate Income Trust (NYSE:MIN) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 accounts for 1.5% of Sit Investment Associates Inc.’s portfolio, making the stock its 10th largest position. Sit Investment Associates Inc. owned approximately 21.29% of MFS Intermediate Income Trust worth $64,460,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in shares of MFS Intermediate Income Trust during the third quarter worth about $92,000. Stephens Inc. AR grew its stake in shares of MFS Intermediate Income Trust by 3.5% during the 4th quarter. Stephens Inc. AR now owns 119,555 shares of the financial services provider’s stock worth $318,000 after acquiring an additional 4,000 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of MFS Intermediate Income Trust in the third quarter valued at approximately $604,000. EP Wealth Advisors LLC lifted its position in shares of MFS Intermediate Income Trust by 37.0% in the third quarter. EP Wealth Advisors LLC now owns 15,750 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 4,250 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in MFS Intermediate Income Trust by 30.1% during the fourth quarter. Private Advisor Group LLC now owns 274,200 shares of the financial services provider’s stock worth $729,000 after purchasing an additional 63,500 shares during the last quarter. Institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Stock Down 1.5 %

MFS Intermediate Income Trust stock opened at $2.66 on Friday. MFS Intermediate Income Trust has a 1-year low of $2.56 and a 1-year high of $2.79. The company has a fifty day simple moving average of $2.70 and a 200 day simple moving average of $2.70.

MFS Intermediate Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $0.0197 dividend. This is a boost 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 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.