DWS Municipal Income Trust (NYSE:KTF - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.78 and traded as low as $9.63. DWS Municipal Income Trust shares last traded at $9.67, with a volume of 152,715 shares changing hands.
DWS Municipal Income Trust Stock Performance
The firm has a 50 day moving average price of $9.54 and a two-hundred day moving average price of $9.77.
DWS Municipal Income Trust Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.061 per share. The ex-dividend date is Thursday, February 20th. This represents a $0.73 annualized dividend and a dividend yield of 7.57%.
Hedge Funds Weigh In On DWS Municipal Income Trust
Hedge funds have recently bought and sold shares of the company. Navigoe LLC acquired a new position in DWS Municipal Income Trust in the fourth quarter worth about $63,000. Elequin Capital LP bought a new position in DWS Municipal Income Trust in the fourth quarter worth about $68,000. Optimum Investment Advisors bought a new position in DWS Municipal Income Trust in the fourth quarter worth about $76,000. US Bancorp DE bought a new position in DWS Municipal Income Trust in the third quarter worth about $80,000. Finally, Mariner LLC bought a new position in DWS Municipal Income Trust in the fourth quarter worth about $102,000. 57.71% of the stock is currently owned by institutional investors and hedge funds.
DWS Municipal Income Trust Company Profile
(
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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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