Shares of DWS Municipal Income Trust (NYSE:KTF - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.75 and traded as low as $9.34. DWS Municipal Income Trust shares last traded at $9.39, with a volume of 185,337 shares trading hands.
DWS Municipal Income Trust Stock Performance
The stock's 50 day moving average is $9.54 and its 200 day moving average is $9.75.
DWS Municipal Income Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be paid a $0.061 dividend. This represents a $0.73 annualized dividend and a yield of 7.83%. The ex-dividend date of this dividend is Thursday, March 20th.
Institutional Trading of DWS Municipal Income Trust
Several institutional investors and hedge funds have recently bought and sold shares of KTF. Walleye Capital LLC purchased a new stake in DWS Municipal Income Trust in the 3rd quarter worth approximately $114,000. HighTower Advisors LLC lifted its stake in 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 worth $135,000 after purchasing an additional 2,135 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of DWS Municipal Income Trust in the 3rd quarter worth $1,595,000. Integrated Capital Management Inc. increased its holdings in shares of DWS Municipal Income Trust by 17.0% in the 4th quarter. Integrated Capital Management Inc. now owns 23,715 shares of the investment management company's stock worth $224,000 after buying an additional 3,454 shares during the last quarter. Finally, Park Avenue Securities LLC increased its holdings 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 during the last quarter. 57.71% of the stock is currently owned by hedge funds and other institutional investors.
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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