MFS Intermediate Income Trust (NYSE:MIN) Stock Position Raised by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its holdings in MFS Intermediate Income Trust (NYSE:MIN - Free Report) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,759,098 shares of the financial services provider's stock after purchasing an additional 96,198 shares during the period. Ameriprise Financial Inc. owned about 1.55% of MFS Intermediate Income Trust worth $4,679,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Stephens Inc. AR raised its position 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 purchasing an additional 4,000 shares during the period. Invesco Ltd. raised its position in shares of MFS Intermediate Income Trust by 0.9% during the 4th quarter. Invesco Ltd. now owns 1,113,847 shares of the financial services provider's stock worth $2,963,000 after purchasing an additional 9,837 shares during the period. Advisory Services Network LLC acquired a new stake in shares of MFS Intermediate Income Trust during the 4th quarter worth approximately $45,000. Kingsview Wealth Management LLC raised its position in shares of 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 purchasing an additional 24,010 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of MFS Intermediate Income Trust during the 4th quarter worth approximately $67,000. Hedge funds and other institutional investors own 50.90% of the company's stock.

MFS Intermediate Income Trust Stock Down 0.7%

Shares of MFS Intermediate Income Trust stock traded down $0.02 on Wednesday, reaching $2.65. 276,451 shares of the company were exchanged, compared to its average volume of 197,434. The company's 50-day moving average is $2.67 and its two-hundred day moving average is $2.68. MFS Intermediate Income Trust has a 1-year low of $2.58 and a 1-year high of $2.79.

MFS Intermediate Income Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, May 13th will be issued a $0.0196 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 8.86%. The ex-dividend date of this dividend is Tuesday, May 13th.

MFS Intermediate Income Trust Company 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.