Shares of DWS Municipal Income Trust (NYSE:KTF - Get Free Report) 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 trading hands.
DWS Municipal Income Trust Price Performance
The firm has a 50-day moving average of $9.12 and a 200-day moving average of $9.48.
DWS Municipal Income Trust Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.061 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.73 dividend on an annualized basis and a yield of 8.22%.
Institutional Investors Weigh In On DWS Municipal Income Trust
A number of hedge funds have recently added to or reduced their stakes in the stock. 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 buying 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 buying 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 $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 buying 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 $134,000. 57.71% of the stock is currently owned by hedge funds and other institutional investors.
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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