DWS Municipal Income Trust (NYSE:KTF - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.22 and traded as low as $8.75. DWS Municipal Income Trust shares last traded at $8.76, with a volume of 55,408 shares changing hands.
DWS Municipal Income Trust Stock Up 0.1%
The business's 50-day moving average is $8.92 and its two-hundred day moving average is $9.22.
DWS Municipal Income Trust Announces Dividend
The business also recently announced a jul 25 dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, July 21st will be given a dividend of $0.061 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a yield of 8.3%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. 1607 Capital Partners LLC raised its position in shares of DWS Municipal Income Trust by 4.8% during the 1st quarter. 1607 Capital Partners LLC now owns 1,476,480 shares of the investment management company's stock valued at $13,849,000 after acquiring an additional 67,001 shares in the last quarter. Sit Investment Associates Inc. grew its holdings in DWS Municipal Income Trust by 3.4% during the first quarter. Sit Investment Associates Inc. now owns 9,279,098 shares of the investment management company's stock worth $87,038,000 after acquiring an additional 301,804 shares during the period. Nuveen LLC acquired a new position in shares of DWS Municipal Income Trust in the 1st quarter valued at $741,000. Invesco Ltd. boosted its position in DWS Municipal Income Trust by 5.3% during the 1st quarter. Invesco Ltd. now owns 24,999 shares of the investment management company's stock worth $234,000 after acquiring an additional 1,263 shares during the period. Finally, XTX Topco Ltd acquired a new stake in DWS Municipal Income Trust during the 1st quarter worth about $134,000. 57.71% of the stock is currently owned by institutional investors and hedge funds.
DWS Municipal Income Trust Company Profile
(
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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.
Further Reading
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