Allspring Global Investments Holdings LLC Reduces Stock Position in MFS Intermediate Income Trust (NYSE:MIN)

Allspring Global Investments Holdings LLC lessened its holdings in shares of MFS Intermediate Income Trust (NYSE:MIN - Free Report) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,870,088 shares of the financial services provider's stock after selling 360,494 shares during the quarter. Allspring Global Investments Holdings LLC owned about 6.89% of MFS Intermediate Income Trust worth $21,407,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MIN. Choreo LLC bought a new stake in MFS Intermediate Income Trust during the second quarter worth about $73,000. Janney Montgomery Scott LLC lifted its position in MFS Intermediate Income Trust by 11.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 73,337 shares of the financial services provider's stock worth $195,000 after buying an additional 7,822 shares during the last quarter. Ameritas Advisory Services LLC boosted its stake in MFS Intermediate Income Trust by 37.6% in the second quarter. Ameritas Advisory Services LLC now owns 232,640 shares of the financial services provider's stock worth $619,000 after buying an additional 63,582 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in MFS Intermediate Income Trust in the second quarter worth approximately $62,000. Finally, Private Advisor Group LLC grew its position in MFS Intermediate Income Trust by 38.5% during the first quarter. Private Advisor Group LLC now owns 136,308 shares of the financial services provider's stock valued at $363,000 after acquiring an additional 37,918 shares during the last quarter. Hedge funds and other institutional investors own 50.90% of the company's stock.

MFS Intermediate Income Trust Stock Performance

Shares of MIN remained flat at $2.71 during mid-day trading on Friday. 86,642 shares of the stock were exchanged, compared to its average volume of 240,406. MFS Intermediate Income Trust has a 1 year low of $2.52 and a 1 year high of $2.85. The stock's 50 day moving average price is $2.74 and its two-hundred day moving average price is $2.68.

MFS Intermediate Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a $0.0204 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 9.04%. The ex-dividend date of this dividend is Tuesday, October 15th. This is a boost from MFS Intermediate Income Trust's previous monthly dividend of $0.02.

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.