Allspring Global Investments Holdings LLC Trims Holdings in MFS Intermediate Income Trust (NYSE:MIN)

Allspring Global Investments Holdings LLC cut its stake in shares of MFS Intermediate Income Trust (NYSE:MIN - Free Report) by 4.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,518,727 shares of the financial services provider's stock after selling 369,807 shares during the quarter. Allspring Global Investments Holdings LLC owned 6.61% of MFS Intermediate Income Trust worth $20,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of MIN. Citadel Advisors LLC lifted its stake in shares of MFS Intermediate Income Trust by 17.0% in the fourth quarter. Citadel Advisors LLC now owns 29,664 shares of the financial services provider's stock worth $79,000 after buying an additional 4,310 shares in the last quarter. Invesco Ltd. boosted its holdings in MFS Intermediate Income Trust by 0.9% in the 4th quarter. Invesco Ltd. now owns 1,113,847 shares of the financial services provider's stock worth $2,963,000 after buying an additional 9,837 shares during the period. Bank of America Corp DE grew its position in shares of MFS Intermediate Income Trust by 3.6% during the fourth quarter. Bank of America Corp DE now owns 394,161 shares of the financial services provider's stock worth $1,048,000 after purchasing an additional 13,523 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in shares of MFS Intermediate Income Trust during the first quarter valued at approximately $40,000. Finally, Advisory Services Network LLC purchased a new stake in MFS Intermediate Income Trust in the 4th quarter worth $45,000. 50.90% of the stock is currently owned by hedge funds and other institutional investors.

MFS Intermediate Income Trust Price Performance

MFS Intermediate Income Trust stock traded down $0.01 during mid-day trading on Thursday, reaching $2.71. 21,145 shares of the company's stock traded hands, compared to its average volume of 191,180. MFS Intermediate Income Trust has a 12-month low of $2.61 and a 12-month high of $2.79. The stock has a 50 day moving average of $2.68 and a two-hundred day moving average of $2.68.

MFS Intermediate Income Trust Announces Dividend

The company also recently announced a -- dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were paid a $0.0195 dividend. This represents a dividend yield of 8.9%. The ex-dividend date of this dividend was Tuesday, June 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.