DWS Municipal Income Trust (NYSE:KTF - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.78 and traded as low as $9.59. DWS Municipal Income Trust shares last traded at $9.64, with a volume of 91,059 shares trading hands.
DWS Municipal Income Trust Price Performance
The stock has a 50-day moving average price of $9.61 and a 200-day moving average price of $9.78.
DWS Municipal Income Trust Increases Dividend
The business also recently disclosed a -- dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were issued a $0.061 dividend. This is an increase from DWS Municipal Income Trust's previous -- dividend of $0.02. This represents a dividend yield of 7.7%. The ex-dividend date was Tuesday, January 21st.
Institutional Investors Weigh In On DWS Municipal Income Trust
Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of DWS Municipal Income Trust during the 4th quarter worth approximately $1,844,000. Kovitz Investment Group Partners LLC acquired a new position in DWS Municipal Income Trust in the third quarter valued at about $1,595,000. Hennion & Walsh Asset Management Inc. lifted its position in DWS Municipal Income Trust by 28.0% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 484,836 shares of the investment management company's stock worth $4,834,000 after purchasing an additional 106,180 shares during the period. Noble Wealth Management PBC acquired a new stake in DWS Municipal Income Trust during the fourth quarter worth about $710,000. Finally, Transform Wealth LLC bought a new position in DWS Municipal Income Trust in the 4th quarter valued at about $546,000. 57.71% of the stock is currently owned by institutional investors and hedge funds.
About DWS Municipal Income Trust
(
Get Free Report)
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.
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