DWS Municipal Income Trust (NYSE:KTF - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.79 and traded as low as $9.43. DWS Municipal Income Trust shares last traded at $9.51, with a volume of 90,870 shares traded.
DWS Municipal Income Trust Trading Up 0.7 %
The stock's fifty day simple moving average is $9.81 and its 200-day simple moving average is $9.79.
DWS Municipal Income Trust Cuts Dividend
The firm also recently announced a -- dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be paid a dividend of $0.0156 per share. The ex-dividend date is Monday, December 30th. This represents a yield of 7.6%.
Institutional Investors Weigh In On DWS Municipal Income Trust
Several hedge funds and other institutional investors have recently modified their holdings of KTF. US Bancorp DE acquired a new stake in DWS Municipal Income Trust in the 3rd quarter worth $80,000. Walleye Capital LLC bought a new stake in shares of DWS Municipal Income Trust in the third quarter valued at about $114,000. HighTower Advisors LLC grew its position in DWS Municipal Income Trust by 18.5% during the third quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company's stock worth $135,000 after buying an additional 2,135 shares in the last quarter. Dakota Wealth Management increased its stake in DWS Municipal Income Trust by 259.0% during the third quarter. Dakota Wealth Management now owns 35,900 shares of the investment management company's stock valued at $358,000 after acquiring an additional 25,900 shares during the period. Finally, Whitebox Advisors LLC acquired a new position in DWS Municipal Income Trust in the 2nd quarter valued at approximately $597,000. Institutional investors and hedge funds own 57.71% of the company's stock.
DWS Municipal Income Trust Company Profile
(
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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