MFS Intermediate Income Trust (NYSE:MIN) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Shares of MFS Intermediate Income Trust (NYSE:MIN) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.67 and traded as high as $2.72. MFS Intermediate Income Trust shares last traded at $2.70, with a volume of 352,854 shares.

MFS Intermediate Income Trust Trading Up 0.7 %

The stock has a fifty day moving average of $2.67 and a two-hundred day moving average of $2.71.

MFS Intermediate Income Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.0196 per share. This represents a $0.23 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date of this dividend is Tuesday, February 18th.

Institutional Trading of MFS Intermediate Income Trust

Large investors have recently bought and sold shares of the company. Westfuller Advisors LLC acquired a new stake in MFS Intermediate Income Trust in the third quarter valued at $28,000. PFG Investments LLC acquired a new stake in MFS Intermediate Income Trust in the third quarter valued at $35,000. EP Wealth Advisors LLC grew its holdings in 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 valued at $43,000 after purchasing an additional 4,250 shares during the last quarter. Advisory Services Network LLC acquired a new stake in MFS Intermediate Income Trust in the fourth quarter valued at $45,000. Finally, XTX Topco Ltd acquired a new stake in MFS Intermediate Income Trust in the fourth quarter valued at $67,000. Institutional investors and hedge funds own 50.90% of the company’s stock.

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.