DWS Municipal Income Trust (NYSE:KTF - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.72 and traded as low as $9.30. DWS Municipal Income Trust shares last traded at $9.36, with a volume of 151,912 shares.
DWS Municipal Income Trust Stock Performance
The stock's 50 day simple moving average is $9.52 and its two-hundred day simple moving average is $9.71.
DWS Municipal Income Trust Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were paid a $0.061 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.73 dividend on an annualized basis and a yield of 7.75%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Elequin Capital LP acquired a new position in shares of DWS Municipal Income Trust in the 4th quarter worth approximately $68,000. Bulldog Investors LLP grew its position in DWS Municipal Income Trust by 97.5% in the fourth quarter. Bulldog Investors LLP now owns 454,618 shares of the investment management company's stock valued at $4,296,000 after acquiring an additional 224,466 shares during the period. Navigoe LLC acquired a new position in DWS Municipal Income Trust during the fourth quarter worth $63,000. Kovitz Investment Group Partners LLC lifted its holdings in shares of DWS Municipal Income Trust by 83.0% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 292,821 shares of the investment management company's stock valued at $2,767,000 after acquiring an additional 132,813 shares during the period. Finally, 1607 Capital Partners LLC boosted its stake in shares of DWS Municipal Income Trust by 5.4% in the 4th quarter. 1607 Capital Partners LLC now owns 1,409,479 shares of the investment management company's stock valued at $13,320,000 after purchasing an additional 72,095 shares in the last quarter. Institutional investors own 57.71% of the company's stock.
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.
See Also
Before you consider DWS Municipal Income Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DWS Municipal Income Trust wasn't on the list.
While DWS Municipal Income Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
