Orion Portfolio Solutions LLC bought a new stake in shares of 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 Securities and Exchange Commission. The firm bought 39,737 shares of the investment management company's stock, valued at approximately $376,000. Orion Portfolio Solutions LLC owned 0.10% of DWS Municipal Income Trust as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of KTF. Optimum Investment Advisors purchased a new stake in shares of DWS Municipal Income Trust during the 4th quarter worth $76,000. Axxcess Wealth Management LLC bought a new stake in shares of DWS Municipal Income Trust in the 4th quarter valued at about $213,000. Raymond James Financial Inc. bought a new stake in shares of DWS Municipal Income Trust in the 4th quarter valued at about $1,844,000. Noble Wealth Management PBC purchased a new position in shares of DWS Municipal Income Trust in the 4th quarter worth approximately $710,000. Finally, Transform Wealth LLC bought a new position in shares of DWS Municipal Income Trust during the 4th quarter worth approximately $546,000. Institutional investors own 57.71% of the company's stock.
DWS Municipal Income Trust Stock Performance
Shares of KTF stock traded up $0.12 during trading hours on Monday, reaching $8.92. 4,957 shares of the company's stock were exchanged, compared to its average volume of 136,421. DWS Municipal Income Trust has a fifty-two week low of $8.75 and a fifty-two week high of $10.22. The stock's 50 day moving average is $9.45 and its 200-day moving average is $9.66.
DWS Municipal Income Trust Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 21st will be given a dividend of $0.061 per share. This represents a $0.73 annualized dividend and a yield of 8.21%. The ex-dividend date of this dividend is Monday, April 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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