Ameriprise Financial Inc. Acquires 96,198 Shares of MFS Intermediate Income Trust (NYSE:MIN)

Ameriprise Financial Inc. raised its holdings in MFS Intermediate Income Trust (NYSE:MIN) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 approximately 1.55% of MFS Intermediate Income Trust worth $4,679,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MIN. Advisory Services Network LLC bought a new stake in MFS Intermediate Income Trust in the 4th quarter valued at about $45,000. XTX Topco Ltd bought a new stake in MFS Intermediate Income Trust in the 4th quarter valued at about $67,000. Raymond James Financial Inc. bought a new stake in MFS Intermediate Income Trust in the 4th quarter valued at about $297,000. Stephens Inc. AR boosted its holdings in MFS Intermediate Income Trust by 3.5% in the 4th quarter. Stephens Inc. AR now owns 119,555 shares of the financial services provider’s stock valued at $318,000 after purchasing an additional 4,000 shares during the period. Finally, Kingsview Wealth Management LLC boosted 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 valued at $709,000 after purchasing an additional 24,010 shares during the period. Institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Price Performance

NYSE MIN opened at $2.67 on Monday. MFS Intermediate Income Trust has a 12-month low of $2.58 and a 12-month high of $2.79. The firm has a 50-day moving average price of $2.67 and a two-hundred day moving average price of $2.68.

MFS Intermediate Income Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 13th will be given a $0.0196 dividend. This represents a $0.23 annualized dividend and a dividend yield of 8.81%. The ex-dividend date is Tuesday, May 13th.

About MFS Intermediate Income Trust

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.