Hennion & Walsh Asset Management Inc. grew its position in DWS Municipal Income Trust (NYSE:KTF - Free Report) by 28.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 484,836 shares of the investment management company's stock after purchasing an additional 106,180 shares during the period. Hennion & Walsh Asset Management Inc. owned approximately 1.24% of DWS Municipal Income Trust worth $4,834,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the company. Robinson Capital Management LLC bought a new stake in DWS Municipal Income Trust during the first quarter worth about $2,972,000. City of London Investment Management Co. Ltd. raised its holdings in DWS Municipal Income Trust by 205.8% during the first quarter. City of London Investment Management Co. Ltd. now owns 397,265 shares of the investment management company's stock worth $3,587,000 after acquiring an additional 267,336 shares in the last quarter. HB Wealth Management LLC bought a new stake in DWS Municipal Income Trust during the second quarter worth about $1,420,000. Logan Stone Capital LLC raised its holdings in DWS Municipal Income Trust by 17.7% during the second quarter. Logan Stone Capital LLC now owns 653,273 shares of the investment management company's stock worth $6,186,000 after acquiring an additional 98,334 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in DWS Municipal Income Trust during the second quarter worth approximately $848,000. 57.71% of the stock is currently owned by institutional investors.
DWS Municipal Income Trust Price Performance
NYSE KTF traded down $0.06 during trading on Thursday, reaching $9.78. 130,771 shares of the company's stock were exchanged, compared to its average volume of 139,963. The business has a 50 day moving average price of $9.91 and a 200-day moving average price of $9.65. DWS Municipal Income Trust has a fifty-two week low of $7.40 and a fifty-two week high of $10.22.
DWS Municipal Income Trust Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a dividend of $0.061 per share. This represents a $0.73 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date of this dividend is Thursday, October 17th.
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.
Featured Articles
Before you consider DWS Municipal Income Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DWS Municipal Income Trust wasn't on the list.
While DWS Municipal Income Trust currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
