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DWS Municipal Income Trust (NYSE:KTF) Share Price Crosses Below 200-Day Moving Average - Here's Why

DWS Municipal Income Trust logo with Finance background

DWS Municipal Income Trust (NYSE:KTF - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-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 Price Performance

The business has a 50-day moving average of $8.92 and a 200-day moving average of $9.22.

DWS Municipal Income Trust Announces Dividend

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

Institutional Trading of DWS Municipal Income Trust

Large investors have recently made changes to their positions in the company. 1607 Capital Partners LLC raised its stake in 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 during the last quarter. Sit Investment Associates Inc. raised its stake in DWS Municipal Income Trust by 3.4% during the 1st quarter. Sit Investment Associates Inc. now owns 9,279,098 shares of the investment management company's stock valued at $87,038,000 after acquiring an additional 301,804 shares during the last quarter. Nuveen LLC purchased a new stake in DWS Municipal Income Trust during the 1st quarter valued at approximately $741,000. Invesco Ltd. raised its stake 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 valued at $234,000 after acquiring an additional 1,263 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in DWS Municipal Income Trust during the 1st quarter valued at approximately $134,000. 57.71% of the stock is owned by institutional investors and hedge funds.

DWS Municipal Income Trust Company Profile

(Get 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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