Ameriprise Financial Inc. Raises Stock Holdings in MFS Intermediate Income Trust (NYSE:MIN)

Ameriprise Financial Inc. raised its stake in MFS Intermediate Income Trust (NYSE:MIN - Free Report) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,759,098 shares of the financial services provider's stock after acquiring an additional 96,198 shares during the period. Ameriprise Financial Inc. owned approximately 1.55% of MFS Intermediate Income Trust worth $4,679,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in shares of MFS Intermediate Income Trust during the 4th quarter worth $45,000. XTX Topco Ltd acquired a new position in MFS Intermediate Income Trust during the fourth quarter worth about $67,000. Raymond James Financial Inc. bought a new position in shares of MFS Intermediate Income Trust in the fourth quarter worth about $297,000. Stephens Inc. AR boosted its position in MFS Intermediate Income Trust by 3.5% in the fourth quarter. Stephens Inc. AR now owns 119,555 shares of the financial services provider's stock valued at $318,000 after buying an additional 4,000 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its position in MFS Intermediate Income Trust by 9.9% during the 4th quarter. Kingsview Wealth Management LLC now owns 266,398 shares of the financial services provider's stock worth $709,000 after acquiring an additional 24,010 shares during the last quarter. 50.90% of the stock is currently owned by institutional investors.

MFS Intermediate Income Trust Stock Up 0.2%

NYSE:MIN traded up $0.01 during trading hours on Friday, hitting $2.68. 117,005 shares of the company were exchanged, compared to its average volume of 197,231. MFS Intermediate Income Trust has a one year low of $2.59 and a one year high of $2.79. The company has a fifty day simple moving average of $2.67 and a 200 day simple moving average of $2.68.

MFS Intermediate Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th will be paid a $0.0196 dividend. This represents a $0.23 annualized dividend and a yield of 8.78%. The ex-dividend date of this dividend is Tuesday, May 13th.

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.