DWS Municipal Income Trust (NYSE:KTF - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.49 and traded as low as $9.03. DWS Municipal Income Trust shares last traded at $9.05, with a volume of 48,625 shares changing hands.
DWS Municipal Income Trust Stock Performance
The business has a 50 day simple moving average of $9.12 and a 200 day simple moving average of $9.47.
DWS Municipal Income Trust Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a dividend of $0.061 per share. The ex-dividend date is Monday, May 19th. This represents a $0.73 annualized dividend and a yield of 8.22%.
Institutional Investors Weigh In On DWS Municipal Income Trust
A number of hedge funds have recently bought and sold shares of the stock. Sit Investment Associates Inc. increased its stake in shares of DWS Municipal Income Trust by 5.2% during the fourth quarter. Sit Investment Associates Inc. now owns 8,977,294 shares of the investment management company's stock worth $84,835,000 after buying an additional 439,876 shares during the period. Bulldog Investors LLP grew its holdings in DWS Municipal Income Trust by 97.5% during the 4th quarter. Bulldog Investors LLP now owns 454,618 shares of the investment management company's stock worth $4,296,000 after acquiring an additional 224,466 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of DWS Municipal Income Trust in the 4th quarter valued at approximately $1,844,000. Kovitz Investment Group Partners LLC raised 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 valued at $2,767,000 after purchasing an additional 132,813 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of DWS Municipal Income Trust in the 1st quarter valued at $741,000. Institutional investors and hedge funds own 57.71% of the company's stock.
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.
Read More
Before you consider DWS Municipal Income Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DWS Municipal Income Trust wasn't on the list.
While DWS Municipal Income Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
