DWS Municipal Income Trust (NYSE:KTF - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.38 and traded as low as $8.80. DWS Municipal Income Trust shares last traded at $8.82, with a volume of 100,860 shares traded.
DWS Municipal Income Trust Trading Up 0.1%
The stock has a 50-day simple moving average of $8.98 and a two-hundred day simple moving average of $9.38.
DWS Municipal Income Trust Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 20th will be issued a $0.061 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date of this dividend is Friday, June 20th.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. increased its position in shares of DWS Municipal Income Trust by 3.4% in 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 acquiring an additional 301,804 shares during the period. 1607 Capital Partners LLC boosted its position in DWS Municipal Income Trust by 4.8% in 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 buying an additional 67,001 shares during the last quarter. Bulldog Investors LLP increased its holdings 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 during the period. Kovitz Investment Group Partners LLC raised its position in DWS Municipal Income Trust by 83.0% during 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. purchased a new stake in shares of DWS Municipal Income Trust in the 4th quarter valued at $1,844,000. 57.71% of the stock is owned by institutional investors and hedge funds.
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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