DWS Municipal Income Trust (NYSE:KTF - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.26 and traded as low as $8.83. DWS Municipal Income Trust shares last traded at $8.86, with a volume of 69,399 shares changing hands.
DWS Municipal Income Trust Price Performance
The business's fifty day moving average price is $8.95 and its 200-day moving average price is $9.24.
DWS Municipal Income Trust Announces Dividend
The company also recently announced a monthly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 20th were paid a $0.061 dividend. This represents a $0.73 annualized dividend and a yield of 8.27%. The ex-dividend date was Friday, June 20th.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Sit Investment Associates Inc. grew its holdings in shares of 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 purchasing an additional 301,804 shares in the last quarter. 1607 Capital Partners LLC lifted its position in DWS Municipal Income Trust by 4.8% during the first quarter. 1607 Capital Partners LLC now owns 1,476,480 shares of the investment management company's stock valued at $13,849,000 after purchasing an additional 67,001 shares during the last quarter. Bulldog Investors LLP grew its stake in DWS Municipal Income Trust by 97.5% in the 4th quarter. Bulldog Investors LLP now owns 454,618 shares of the investment management company's stock worth $4,296,000 after buying an additional 224,466 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in shares of DWS Municipal Income Trust by 83.0% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 292,821 shares of the investment management company's stock worth $2,767,000 after buying an additional 132,813 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of DWS Municipal Income Trust in the 4th quarter worth $1,844,000. 57.71% of the stock is currently owned by hedge funds and other institutional investors.
About DWS Municipal Income Trust
(
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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