DWS Municipal Income Trust (NYSE:KTF - Get Free Report)'s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.60 and traded as low as $8.86. DWS Municipal Income Trust shares last traded at $8.96, with a volume of 42,796 shares changing hands.
DWS Municipal Income Trust Price Performance
The business's fifty day moving average price is $9.27 and its 200 day moving average price is $9.57.
DWS Municipal Income Trust Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 21st will be issued a $0.061 dividend. This represents a $0.73 annualized dividend and a dividend yield of 8.08%. The ex-dividend date of this dividend is Monday, April 21st.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Sit Investment Associates Inc. lifted its position in DWS Municipal Income Trust by 5.2% in the fourth quarter. Sit Investment Associates Inc. now owns 8,977,294 shares of the investment management company's stock valued at $84,835,000 after purchasing an additional 439,876 shares during the period. Bulldog Investors LLP lifted its position in DWS Municipal Income Trust by 97.5% in the fourth quarter. Bulldog Investors LLP now owns 454,618 shares of the investment management company's stock valued at $4,296,000 after purchasing an additional 224,466 shares during the period. Raymond James Financial Inc. acquired a new stake in DWS Municipal Income Trust in the fourth quarter valued at about $1,844,000. Kovitz Investment Group Partners LLC lifted its position in DWS Municipal Income Trust by 83.0% in the fourth 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 during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of DWS Municipal Income Trust by 17.6% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 570,351 shares of the investment management company's stock valued at $5,390,000 after acquiring an additional 85,515 shares during the period. 57.71% of the stock is currently owned by institutional investors and hedge funds.
DWS Municipal Income Trust Company Profile
(
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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.
See Also
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