Evoke Wealth LLC Has $487,000 Stake in MFS Intermediate Income Trust (NYSE:MIN)

Evoke Wealth LLC reduced its stake in shares of MFS Intermediate Income Trust (NYSE:MIN) by 51.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 183,000 shares of the financial services provider’s stock after selling 194,000 shares during the quarter. Evoke Wealth LLC’s holdings in MFS Intermediate Income Trust were worth $487,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Choreo LLC bought a new stake in shares of MFS Intermediate Income Trust in the second quarter valued at about $73,000. Nomura Holdings Inc. bought a new position in shares of MFS Intermediate Income Trust during the 4th quarter worth approximately $76,000. Dakota Wealth Management lifted its stake in shares of MFS Intermediate Income Trust by 72.5% during the 2nd quarter. Dakota Wealth Management now owns 71,700 shares of the financial services provider’s stock worth $191,000 after buying an additional 30,125 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of MFS Intermediate Income Trust by 11.9% in the first quarter. Janney Montgomery Scott LLC now owns 73,337 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 7,822 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of MFS Intermediate Income Trust by 38.5% during the first quarter. Private Advisor Group LLC now owns 136,308 shares of the financial services provider’s stock worth $363,000 after buying an additional 37,918 shares in the last quarter. Institutional investors and hedge funds own 50.90% of the company’s stock.

MFS Intermediate Income Trust Stock Up 0.4 %

Shares of NYSE MIN opened at $2.74 on Friday. MFS Intermediate Income Trust has a fifty-two week low of $2.52 and a fifty-two week high of $2.85. The business has a fifty day moving average price of $2.73 and a two-hundred day moving average price of $2.67.

MFS Intermediate Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be paid a $0.0203 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 8.89%. 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, September 17th.

About MFS Intermediate Income Trust

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.