Sit Investment Associates Inc. Has $84.84 Million Position in DWS Municipal Income Trust (NYSE:KTF)

Sit Investment Associates Inc. raised its holdings in shares of DWS Municipal Income Trust (NYSE:KTF - Free Report) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,977,294 shares of the investment management company's stock after buying an additional 439,876 shares during the period. DWS Municipal Income Trust comprises approximately 1.9% of Sit Investment Associates Inc.'s investment portfolio, making the stock its 5th biggest position. Sit Investment Associates Inc. owned 22.92% of DWS Municipal Income Trust worth $84,835,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Walleye Capital LLC acquired a new position in DWS Municipal Income Trust in the 3rd quarter valued at $114,000. HighTower Advisors LLC lifted its holdings in shares of DWS Municipal Income Trust by 18.5% in the 3rd quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company's stock valued at $135,000 after purchasing an additional 2,135 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in DWS Municipal Income Trust in the 3rd quarter valued at about $1,595,000. Integrated Capital Management Inc. grew its holdings in DWS Municipal Income Trust by 17.0% during the fourth quarter. Integrated Capital Management Inc. now owns 23,715 shares of the investment management company's stock worth $224,000 after acquiring an additional 3,454 shares during the period. Finally, Park Avenue Securities LLC boosted its position in shares of DWS Municipal Income Trust by 10.6% in the 4th quarter. Park Avenue Securities LLC now owns 113,646 shares of the investment management company's stock worth $1,074,000 after buying an additional 10,885 shares in the last quarter. 57.71% of the stock is currently owned by institutional investors.

DWS Municipal Income Trust Stock Performance

NYSE:KTF traded down $0.05 during trading hours on Thursday, reaching $8.90. 92,294 shares of the company were exchanged, compared to its average volume of 137,450. DWS Municipal Income Trust has a 52-week low of $8.75 and a 52-week high of $10.22. The stock has a 50 day simple moving average of $9.48 and a 200 day simple moving average of $9.68.

DWS Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 21st will be paid a $0.061 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 8.22%. The ex-dividend date is Monday, April 21st.

DWS Municipal Income Trust Profile

Deutsche Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment-grade tax-exempt municipal securities which are exempt from federal income tax.