MFS Intermediate Income Trust (NYSE:MIN) Share Price Passes Below 200-Day Moving Average – Time to Sell?

MFS Intermediate Income Trust (NYSE:MIN)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.70 and traded as low as $2.68. MFS Intermediate Income Trust shares last traded at $2.70, with a volume of 124,372 shares changing hands.

MFS Intermediate Income Trust Stock Up 0.7 %

The business’s 50 day moving average price is $2.69 and its 200-day moving average price is $2.70.

MFS Intermediate Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.0196 per share. 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, March 18th. This represents a $0.24 dividend on an annualized basis and a yield of 8.73%.

Institutional Investors Weigh In On MFS Intermediate Income Trust

Large investors have recently modified their holdings of the stock. EP Wealth Advisors LLC boosted its stake in MFS Intermediate Income Trust by 37.0% in the 3rd quarter. EP Wealth Advisors LLC now owns 15,750 shares of the financial services provider’s stock valued at $43,000 after buying an additional 4,250 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of MFS Intermediate Income Trust in the 4th quarter valued at $45,000. XTX Topco Ltd bought a new stake in shares of MFS Intermediate Income Trust in the 4th quarter worth about $67,000. Citadel Advisors LLC increased its position in shares of MFS Intermediate Income Trust by 17.0% during the 4th quarter. Citadel Advisors LLC now owns 29,664 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 4,310 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in MFS Intermediate Income Trust during the 3rd quarter valued at about $92,000. 50.90% of the stock is currently owned by institutional investors.

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.