Noble Wealth Management PBC purchased a new stake in DWS Municipal Income Trust (NYSE:KTF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 75,175 shares of the investment management company's stock, valued at approximately $710,000. Noble Wealth Management PBC owned 0.19% of DWS Municipal Income Trust as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC purchased a new position in shares of DWS Municipal Income Trust in the third quarter valued at approximately $1,595,000. Hennion & Walsh Asset Management Inc. raised its stake in DWS Municipal Income Trust by 17.6% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 570,351 shares of the investment management company's stock valued at $5,390,000 after purchasing an additional 85,515 shares during the last quarter. Transform Wealth LLC acquired a new position in DWS Municipal Income Trust in the 4th quarter valued at $546,000. Walleye Capital LLC purchased a new position in DWS Municipal Income Trust in the 3rd quarter valued at $114,000. Finally, Park Avenue Securities LLC boosted its stake in DWS Municipal Income Trust by 10.6% during the 4th quarter. Park Avenue Securities LLC now owns 113,646 shares of the investment management company's stock worth $1,074,000 after purchasing an additional 10,885 shares during the last quarter. Hedge funds and other institutional investors own 57.71% of the company's stock.
DWS Municipal Income Trust Price Performance
Shares of DWS Municipal Income Trust stock traded down $0.08 during trading hours on Wednesday, reaching $9.62. 55,154 shares of the company's stock were exchanged, compared to its average volume of 136,179. The business has a fifty day moving average of $9.55 and a two-hundred day moving average of $9.77. DWS Municipal Income Trust has a 1 year low of $8.90 and a 1 year high of $10.42.
DWS Municipal Income Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 20th were issued a $0.061 dividend. The ex-dividend date was Thursday, February 20th. This represents a $0.73 dividend on an annualized basis and a yield of 7.61%.
DWS Municipal Income Trust 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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