Kovitz Investment Group Partners LLC Acquires Shares of 225,853 MFS Intermediate Income Trust (NYSE:MIN)

Kovitz Investment Group Partners LLC bought a new position in shares of MFS Intermediate Income Trust (NYSE:MIN) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 225,853 shares of the financial services provider’s stock, valued at approximately $604,000. Kovitz Investment Group Partners LLC owned about 0.20% of MFS Intermediate Income Trust as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Private Advisor Group LLC lifted its holdings in MFS Intermediate Income Trust by 47.1% in the third quarter. Private Advisor Group LLC now owns 210,700 shares of the financial services provider’s stock valued at $573,000 after acquiring an additional 67,500 shares during the last quarter. Choreo LLC acquired a new position in shares of MFS Intermediate Income Trust in the 2nd quarter valued at $73,000. Ameritas Advisory Services LLC grew its holdings in shares of MFS Intermediate Income Trust by 37.6% during the 2nd quarter. Ameritas Advisory Services LLC now owns 232,640 shares of the financial services provider’s stock worth $619,000 after purchasing an additional 63,582 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of MFS Intermediate Income Trust during the 2nd quarter worth about $62,000. Finally, Wolverine Asset Management LLC purchased a new stake in MFS Intermediate Income Trust in the 3rd quarter valued at about $129,000. 50.90% of the stock is currently owned by institutional investors and hedge funds.

MFS Intermediate Income Trust Price Performance

NYSE MIN opened at $2.71 on Friday. MFS Intermediate Income Trust has a 12 month low of $2.56 and a 12 month high of $2.85. The firm’s 50-day moving average is $2.71 and its two-hundred day moving average is $2.70.

MFS Intermediate Income Trust Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.0198 per share. The ex-dividend date is Tuesday, December 17th.

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.