Kovitz Investment Group Partners LLC acquired a new position in DWS Municipal Income Trust (NYSE:KTF - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 160,008 shares of the investment management company's stock, valued at approximately $1,595,000. Kovitz Investment Group Partners LLC owned 0.41% of DWS Municipal Income Trust at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of KTF. HighTower Advisors LLC grew its stake in shares of 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 worth $135,000 after purchasing an additional 2,135 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of DWS Municipal Income Trust in the 3rd quarter worth $114,000. US Bancorp DE bought a new stake in shares of DWS Municipal Income Trust in the 3rd quarter worth $80,000. Dakota Wealth Management increased its holdings in shares of DWS Municipal Income Trust by 259.0% in the 3rd 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 in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of DWS Municipal Income Trust by 28.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 484,836 shares of the investment management company's stock worth $4,834,000 after acquiring an additional 106,180 shares during the period. Hedge funds and other institutional investors own 57.71% of the company's stock.
DWS Municipal Income Trust Stock Performance
NYSE:KTF remained flat at $9.99 during mid-day trading on Wednesday. The company's stock had a trading volume of 100,611 shares, compared to its average volume of 137,872. The company has a 50 day moving average of $9.96 and a two-hundred day moving average of $9.78. DWS Municipal Income Trust has a twelve month low of $8.62 and a twelve month high of $10.22.
DWS Municipal Income Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, December 30th. Investors of record on Wednesday, December 18th will be given a $0.061 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.33%.
DWS Municipal Income Trust Company Profile
(
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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