Bulldog Investors LLP Purchases 224,466 Shares of DWS Municipal Income Trust (NYSE:KTF)

Bulldog Investors LLP grew its stake in DWS Municipal Income Trust (NYSE:KTF - Free Report) by 97.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 454,618 shares of the investment management company's stock after acquiring an additional 224,466 shares during the quarter. DWS Municipal Income Trust accounts for 1.2% of Bulldog Investors LLP's holdings, making the stock its 29th biggest position. Bulldog Investors LLP owned 1.16% of DWS Municipal Income Trust worth $4,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of KTF. Integrated Capital Management Inc. lifted its stake in DWS Municipal Income Trust by 17.0% in the fourth quarter. Integrated Capital Management Inc. now owns 23,715 shares of the investment management company's stock valued at $224,000 after acquiring an additional 3,454 shares during the last quarter. Park Avenue Securities LLC raised its stake in DWS Municipal Income Trust by 10.6% in the fourth quarter. Park Avenue Securities LLC now owns 113,646 shares of the investment management company's stock valued at $1,074,000 after buying an additional 10,885 shares during the period. Hennion & Walsh Asset Management Inc. lifted 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 buying an additional 85,515 shares during the last quarter. Transform Wealth LLC acquired a new position in shares of DWS Municipal Income Trust during the 4th quarter worth approximately $546,000. Finally, Noble Wealth Management PBC bought a new stake in DWS Municipal Income Trust in the 4th quarter valued at $710,000. 57.71% of the stock is currently owned by institutional investors and hedge funds.

DWS Municipal Income Trust Trading Down 0.2 %

DWS Municipal Income Trust stock traded down $0.02 during mid-day trading on Friday, hitting $9.18. 43,619 shares of the company's stock traded hands, compared to its average volume of 132,814. DWS Municipal Income Trust has a fifty-two week low of $8.75 and a fifty-two week high of $10.22. The firm has a 50 day simple moving average of $9.19 and a two-hundred day simple moving average of $9.52.

DWS Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be paid a $0.061 dividend. This represents a $0.73 annualized dividend and a yield of 7.97%. The ex-dividend date is Monday, May 19th.

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.