Kovitz Investment Group Partners LLC grew its stake in shares of DWS Municipal Income Trust (NYSE:KTF - Free Report) by 83.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 292,821 shares of the investment management company's stock after purchasing an additional 132,813 shares during the quarter. Kovitz Investment Group Partners LLC owned 0.75% of DWS Municipal Income Trust worth $2,767,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the stock. Integrated Capital Management Inc. grew its position in DWS Municipal Income Trust by 17.0% in the fourth quarter. Integrated Capital Management Inc. now owns 23,715 shares of the investment management company's stock valued at $224,000 after acquiring an additional 3,454 shares in the last quarter. Park Avenue Securities LLC increased its stake in DWS Municipal Income Trust by 10.6% during the 4th quarter. Park Avenue Securities LLC now owns 113,646 shares of the investment management company's stock worth $1,074,000 after buying an additional 10,885 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in DWS Municipal Income Trust by 17.6% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 570,351 shares of the investment management company's stock worth $5,390,000 after buying an additional 85,515 shares in the last quarter. Transform Wealth LLC purchased a new position in DWS Municipal Income Trust in the 4th quarter valued at about $546,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of DWS Municipal Income Trust during the fourth quarter valued at about $710,000. Hedge funds and other institutional investors own 57.71% of the company's stock.
DWS Municipal Income Trust Trading Down 0.2 %
Shares of NYSE:KTF traded down $0.02 during trading on Friday, hitting $9.14. The company's stock had a trading volume of 77,066 shares, compared to its average volume of 134,089. DWS Municipal Income Trust has a fifty-two week low of $8.75 and a fifty-two week high of $10.22. The stock's 50-day moving average price is $9.25 and its two-hundred day moving average price is $9.55.
DWS Municipal Income Trust Announces Dividend
The business also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 21st were paid a $0.061 dividend. The ex-dividend date of this dividend was Monday, April 21st. This represents a $0.73 dividend on an annualized basis and a dividend yield of 8.01%.
DWS Municipal Income Trust Company Profile
(
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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