Bulldog Investors LLP grew its holdings in shares of DWS Municipal Income Trust (NYSE:KTF - Free Report) by 97.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 454,618 shares of the investment management company's stock after buying an additional 224,466 shares during the period. DWS Municipal Income Trust accounts for about 1.2% of Bulldog Investors LLP's investment portfolio, making the stock its 29th biggest holding. Bulldog Investors LLP owned 1.16% of DWS Municipal Income Trust worth $4,296,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Navigoe LLC bought a new position in DWS Municipal Income Trust during the 4th quarter valued at $63,000. Kovitz Investment Group Partners LLC boosted its stake in DWS Municipal Income Trust by 83.0% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 292,821 shares of the investment management company's stock valued at $2,767,000 after buying an additional 132,813 shares in the last quarter. 1607 Capital Partners LLC grew its holdings in DWS Municipal Income Trust by 5.4% during the fourth quarter. 1607 Capital Partners LLC now owns 1,409,479 shares of the investment management company's stock worth $13,320,000 after acquiring an additional 72,095 shares during the period. Guggenheim Capital LLC bought a new stake in DWS Municipal Income Trust in the fourth quarter worth about $224,000. Finally, Mariner LLC acquired a new stake in DWS Municipal Income Trust in the 4th quarter valued at about $102,000. 57.71% of the stock is owned by institutional investors.
DWS Municipal Income Trust Stock Up 0.7 %
Shares of KTF stock traded up $0.06 during trading hours on Wednesday, reaching $9.20. 57,240 shares of the stock traded hands, compared to its average volume of 132,959. DWS Municipal Income Trust has a 1-year low of $8.75 and a 1-year high of $10.22. The business has a fifty day moving average price of $9.21 and a 200 day moving average price of $9.54.
DWS Municipal Income Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 21st were given a dividend of $0.061 per share. The ex-dividend date was Monday, April 21st. This represents a $0.73 annualized dividend and a dividend yield of 7.96%.
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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