StoneX Group Inc. bought a new position in DWS Municipal Income Trust (NYSE:KTF - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 74,085 shares of the investment management company's stock, valued at approximately $700,000. StoneX Group Inc. owned approximately 0.19% of DWS Municipal Income Trust as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. 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. Kovitz Investment Group Partners LLC bought a new stake in DWS Municipal Income Trust in the 3rd quarter worth $1,595,000. Hennion & Walsh Asset Management Inc. increased its position in shares of DWS Municipal Income Trust by 17.6% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 570,351 shares of the investment management company's stock valued at $5,390,000 after acquiring an additional 85,515 shares during the period. Noble Wealth Management PBC bought a new position in shares of DWS Municipal Income Trust during the fourth quarter valued at about $710,000. Finally, Transform Wealth LLC bought a new stake in shares of DWS Municipal Income Trust in the fourth quarter worth about $546,000. 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 $0.14 during midday trading on Monday, reaching $9.31. 295,435 shares of the company's stock traded hands, compared to its average volume of 136,173. The stock has a 50 day moving average of $9.52 and a 200-day moving average of $9.70. DWS Municipal Income Trust has a 12 month low of $9.25 and a 12 month high of $10.22.
DWS Municipal Income Trust Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a dividend of $0.061 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.73 annualized dividend and a yield of 7.87%.
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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