Wells Fargo & Company MN Has $266,000 Stock Holdings in MFS Intermediate Income Trust (NYSE:MIN)

Wells Fargo & Company MN decreased its holdings in MFS Intermediate Income Trust (NYSE:MIN - Free Report) by 91.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 99,992 shares of the financial services provider's stock after selling 1,019,853 shares during the quarter. Wells Fargo & Company MN owned 0.09% of MFS Intermediate Income Trust worth $266,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in MFS Intermediate Income Trust in the 3rd quarter worth approximately $92,000. Transform Wealth LLC acquired a new stake in MFS Intermediate Income Trust in the 4th quarter worth approximately $535,000. Kingsview Wealth Management LLC lifted its holdings in MFS Intermediate Income Trust by 9.9% in 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 last quarter. Stephens Inc. AR boosted its holdings in MFS Intermediate Income Trust by 3.5% during the fourth quarter. Stephens Inc. AR now owns 119,555 shares of the financial services provider's stock valued at $318,000 after acquiring an additional 4,000 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in MFS Intermediate Income Trust by 30.1% during the fourth quarter. Private Advisor Group LLC now owns 274,200 shares of the financial services provider's stock valued at $729,000 after acquiring an additional 63,500 shares during the period. 50.90% of the stock is currently owned by hedge funds and other institutional investors.

MFS Intermediate Income Trust Stock Down 0.2%

MIN stock traded down $0.01 during mid-day trading on Monday, reaching $2.69. 48,052 shares of the stock traded hands, compared to its average volume of 198,416. MFS Intermediate Income Trust has a 52 week low of $2.58 and a 52 week high of $2.79. The business has a 50-day moving average of $2.68 and a two-hundred day moving average of $2.68.

MFS Intermediate Income Trust Cuts Dividend

The firm 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 dividend of $0.0196 per share. This represents a $0.23 dividend on an annualized basis and a yield of 8.75%. 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.