DWS Municipal Income Trust (NYSE:KTF) Stock Price Passes Below 200 Day Moving Average - What's Next?

Key Points

• The share price of DWS Municipal Income Trust (NYSE:KTF) has recently fallen below its 200-day moving average of $9.10, closing at $8.68.
• The trust declared a dividend of $0.061 per share, paid on July 31st, resulting in a lucrative yield of 830.0%.
• Institutional investors hold approximately 57.71% of the stock, with several hedge funds increasing their stakes recently, including Envestnet Asset Management Inc. and Raymond James Financial Inc.

Shares of 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 $9.10 and traded as low as $8.66. DWS Municipal Income Trust shares last traded at $8.68, with a volume of 31,066 shares traded.

DWS Municipal Income Trust Trading Up 0.2%

The company's fifty day simple moving average is $8.73 and its two-hundred day simple moving average is $9.09.

DWS Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.061 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date is Tuesday, August 19th.

Institutional Trading of DWS Municipal Income Trust

Institutional investors have recently modified their holdings of the company. 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 purchasing an additional 301,804 shares during the last quarter. Bulldog Investors LLP lifted its holdings in shares of DWS Municipal Income Trust by 97.5% during 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 period. Raymond James Financial Inc. acquired a new stake in DWS Municipal Income Trust during the 4th quarter worth $1,844,000. Kovitz Investment Group Partners LLC raised its holdings in shares of 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 worth $2,767,000 after acquiring an additional 132,813 shares during the period. Finally, Nuveen LLC bought a new position in DWS Municipal Income Trust during the 1st quarter worth about $741,000. Institutional investors and hedge funds own 57.71% of the company's stock.

About DWS Municipal Income Trust

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.