1607 Capital Partners LLC Purchases 72,095 Shares of DWS Municipal Income Trust (NYSE:KTF)

1607 Capital Partners LLC increased its stake in shares of DWS Municipal Income Trust (NYSE:KTF - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,409,479 shares of the investment management company's stock after acquiring an additional 72,095 shares during the quarter. DWS Municipal Income Trust makes up about 1.1% of 1607 Capital Partners LLC's portfolio, making the stock its 28th largest position. 1607 Capital Partners LLC owned approximately 3.60% of DWS Municipal Income Trust worth $13,320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Optimum Investment Advisors bought a new stake in DWS Municipal Income Trust in the 4th quarter valued at about $76,000. Mariner LLC bought a new stake in shares of DWS Municipal Income Trust during the fourth quarter valued at approximately $102,000. HighTower Advisors LLC raised its position in shares of DWS Municipal Income Trust by 18.5% during the third quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company's stock worth $135,000 after purchasing an additional 2,135 shares during the period. Axxcess Wealth Management LLC bought a new position in shares of DWS Municipal Income Trust in the 4th quarter worth $213,000. Finally, Guggenheim Capital LLC acquired a new stake in DWS Municipal Income Trust in the 4th quarter valued at $224,000. 57.71% of the stock is currently owned by institutional investors and hedge funds.

DWS Municipal Income Trust Stock Performance

KTF traded down $0.05 during trading on Monday, hitting $8.85. 25,314 shares of the company's stock were exchanged, compared to its average volume of 137,207. DWS Municipal Income Trust has a fifty-two week low of $8.75 and a fifty-two week high of $10.22. The business's 50 day moving average is $9.38 and its two-hundred day moving average is $9.62.

DWS Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 21st will be issued a dividend of $0.061 per share. This represents a $0.73 dividend on an annualized basis and a yield of 8.27%. The ex-dividend date of this dividend is Monday, April 21st.

DWS Municipal Income Trust Company Profile

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.