Landscape Capital Management L.L.C. Sells 121,321 Shares of MFS Intermediate Income Trust (NYSE:MIN)

Landscape Capital Management L.L.C. lessened its holdings in shares of MFS Intermediate Income Trust (NYSE:MIN) by 87.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,455 shares of the financial services provider’s stock after selling 121,321 shares during the period. Landscape Capital Management L.L.C.’s holdings in MFS Intermediate Income Trust were worth $46,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. EP Wealth Advisors LLC grew its holdings in shares of MFS Intermediate Income Trust by 37.0% during the 3rd quarter. EP Wealth Advisors LLC now owns 15,750 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 4,250 shares during the period. Jane Street Group LLC purchased a new position in shares of MFS Intermediate Income Trust during the 3rd quarter worth approximately $92,000. Raymond James Financial Inc. purchased a new position in shares of MFS Intermediate Income Trust during the 4th quarter worth approximately $297,000. Stephens Inc. AR grew its holdings 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 during the period. Finally, Transform Wealth LLC purchased a new position in shares of MFS Intermediate Income Trust during the 4th quarter worth approximately $535,000. Hedge funds and other institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Price Performance

Shares of MIN opened at $2.65 on Thursday. 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 has a 52 week low of $2.56 and a 52 week high of $2.79.

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 paid a $0.0197 dividend. This represents a $0.24 annualized dividend and a dividend yield of 8.91%. This is a positive change from MFS Intermediate Income Trust’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, April 15th.

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.