DWS Municipal Income Trust (NYSE:KTF) Shares Cross Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• DWS Municipal Income Trust (NYSE:KTF)'s stock price has fallen below its 200-day moving average, trading at $8.52 compared to a moving average of $9.17.
• The company recently declared a dividend of $0.061 per share, with a yield of 8.3%, set to be paid on July 31st.
• Institutional ownership of the stock is significant, with hedge funds and other institutional investors owning 57.71% of the shares, indicating a strong interest from institutional investors.

DWS Municipal Income Trust (NYSE:KTF - Get Free Report)'s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.17 and traded as low as $8.48. DWS Municipal Income Trust shares last traded at $8.52, with a volume of 104,388 shares changing hands.

DWS Municipal Income Trust Stock Up 0.2%

The company's 50 day moving average price is $8.80 and its 200-day moving average price is $9.15.

DWS Municipal Income Trust Announces Dividend

The company also recently announced a jul 25 dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, July 21st will be issued a $0.061 dividend. This represents a dividend yield of 8.3%. The ex-dividend date of this dividend is Monday, July 21st.

Institutional Trading of DWS Municipal Income Trust

Several institutional investors have recently made changes to their positions in the stock. Sit Investment Associates Inc. lifted its stake in DWS Municipal Income Trust by 5.2% in the fourth quarter. Sit Investment Associates Inc. now owns 8,977,294 shares of the investment management company's stock valued at $84,835,000 after acquiring an additional 439,876 shares during the last quarter. Bulldog Investors LLP lifted its stake in DWS Municipal Income Trust by 97.5% in the fourth quarter. Bulldog Investors LLP now owns 454,618 shares of the investment management company's stock valued at $4,296,000 after acquiring an additional 224,466 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in DWS Municipal Income Trust in the fourth quarter valued at approximately $1,844,000. Kovitz Investment Group Partners LLC lifted its stake in DWS Municipal Income Trust by 83.0% in 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 acquiring an additional 132,813 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in DWS Municipal Income Trust in the first quarter valued at approximately $741,000. 57.71% of the stock is currently owned by institutional investors and hedge funds.

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.