Hennion & Walsh Asset Management Inc. grew its holdings in shares of DWS Municipal Income Trust (NYSE:KTF - Free Report) by 17.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 570,351 shares of the investment management company's stock after acquiring an additional 85,515 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 1.46% of DWS Municipal Income Trust worth $5,390,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. US Bancorp DE purchased a new stake in DWS Municipal Income Trust during the 3rd quarter valued at about $80,000. Walleye Capital LLC bought a new stake in DWS Municipal Income Trust in the third quarter valued at approximately $114,000. HighTower Advisors LLC lifted its position in DWS Municipal Income Trust by 18.5% in the third quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company's stock valued at $135,000 after purchasing an additional 2,135 shares during the last quarter. Integrated Capital Management Inc. boosted its stake in shares of DWS Municipal Income Trust by 17.0% during the fourth quarter. Integrated Capital Management Inc. now owns 23,715 shares of the investment management company's stock valued at $224,000 after purchasing an additional 3,454 shares during the period. Finally, Dakota Wealth Management grew its holdings in shares of DWS Municipal Income Trust by 259.0% in the third quarter. Dakota Wealth Management now owns 35,900 shares of the investment management company's stock worth $358,000 after purchasing an additional 25,900 shares during the last quarter. 57.71% of the stock is currently owned by institutional investors.
DWS Municipal Income Trust Stock Up 0.1 %
Shares of NYSE KTF traded up $0.01 during mid-day trading on Thursday, hitting $9.45. The stock had a trading volume of 68,842 shares, compared to its average volume of 83,274. The business has a 50 day moving average price of $9.76 and a two-hundred day moving average price of $9.79. DWS Municipal Income Trust has a 1 year low of $8.72 and a 1 year high of $10.22.
DWS Municipal Income Trust Increases Dividend
The company also recently disclosed a -- dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be paid a dividend of $0.061 per share. This represents a dividend yield of 7.7%. This is an increase from DWS Municipal Income Trust's previous -- dividend of $0.02. The ex-dividend date is Tuesday, January 21st.
About DWS Municipal Income Trust
(
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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