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Allspring Global Investments Holdings LLC Cuts Stock Holdings in MFS Intermediate Income Trust $MIN

MFS Intermediate Income Trust logo with Finance background

Key Points

  • Allspring Global Investments Holdings LLC reduced its stake in MFS Intermediate Income Trust by 6.5%, now owning approximately 7 million shares valued at $19 million.
  • The company announced a monthly dividend of $0.0195 per share, representing a dividend yield of 8.9%, with the payment date set for October 31st.
  • MFS Intermediate Income Trust's stock performance showed a current trading price of $2.65 with a 52-week range from $2.61 to $2.76.
  • MarketBeat previews top five stocks to own in November.

Allspring Global Investments Holdings LLC cut its stake in shares of MFS Intermediate Income Trust (NYSE:MIN - Free Report) by 6.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,032,332 shares of the financial services provider's stock after selling 486,395 shares during the period. Allspring Global Investments Holdings LLC owned 6.18% of MFS Intermediate Income Trust worth $19,058,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC acquired a new position in MFS Intermediate Income Trust in the first quarter valued at $40,000. EP Wealth Advisors LLC purchased a new position in shares of MFS Intermediate Income Trust in the 1st quarter worth about $42,000. LPL Financial LLC lifted its stake in shares of MFS Intermediate Income Trust by 106.4% in the 1st quarter. LPL Financial LLC now owns 840,907 shares of the financial services provider's stock valued at $2,262,000 after purchasing an additional 433,432 shares in the last quarter. Sit Investment Associates Inc. grew its holdings in shares of MFS Intermediate Income Trust by 0.8% during the 1st quarter. Sit Investment Associates Inc. now owns 24,419,462 shares of the financial services provider's stock worth $65,688,000 after purchasing an additional 186,567 shares during the period. Finally, Private Advisor Group LLC increased its position in MFS Intermediate Income Trust by 4.4% during the 1st quarter. Private Advisor Group LLC now owns 286,200 shares of the financial services provider's stock worth $770,000 after purchasing an additional 12,000 shares in the last quarter. 50.90% of the stock is currently owned by institutional investors and hedge funds.

MFS Intermediate Income Trust Stock Performance

NYSE MIN opened at $2.65 on Friday. MFS Intermediate Income Trust has a one year low of $2.61 and a one year high of $2.76. The company's 50 day moving average price is $2.68 and its 200 day moving average price is $2.67.

MFS Intermediate Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 14th will be issued a dividend of $0.0195 per share. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Tuesday, October 14th. This is a positive change from MFS Intermediate Income Trust's previous monthly dividend of $0.02.

About MFS Intermediate Income Trust

(Free Report)

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.

See Also

Institutional Ownership by Quarter for MFS Intermediate Income Trust (NYSE:MIN)

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