Pathstone Holdings LLC lessened its position in shares of DWS Municipal Income Trust (NYSE:KTF - Free Report) by 42.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 984,629 shares of the investment management company's stock after selling 725,699 shares during the period. Pathstone Holdings LLC owned 2.51% of DWS Municipal Income Trust worth $9,817,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. US Bancorp DE acquired a new stake in DWS Municipal Income Trust in the third quarter worth $80,000. Dakota Wealth Management acquired a new position in shares of DWS Municipal Income Trust during the second quarter valued at about $95,000. Integrated Capital Management Inc. grew its holdings in shares of DWS Municipal Income Trust by 9.7% during the second quarter. Integrated Capital Management Inc. now owns 20,357 shares of the investment management company's stock valued at $193,000 after buying an additional 1,792 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of DWS Municipal Income Trust during the second quarter valued at about $236,000. Finally, Whitebox Advisors LLC acquired a new position in shares of DWS Municipal Income Trust during the second quarter valued at about $597,000. Institutional investors own 57.71% of the company's stock.
DWS Municipal Income Trust Trading Up 0.1 %
Shares of NYSE KTF opened at $9.95 on Thursday. The company has a 50-day moving average price of $9.94 and a 200-day moving average price of $9.72. DWS Municipal Income Trust has a 1 year low of $8.27 and a 1 year high of $10.22.
DWS Municipal Income Trust Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.061 per share. This represents a $0.73 annualized dividend and a yield of 7.36%. The ex-dividend date of this dividend is Wednesday, November 20th.
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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