DWS Municipal Income Trust (NYSE:KTF) Stock Crosses Below Two Hundred Day Moving Average - Here's Why

Key Points

• DWS Municipal Income Trust (KTF) crossed below its 200-day moving average of $9.13, trading as low as $9.03 and last at $9.0350, down about 0.6% on the session.
• The fund paid a monthly dividend of $0.061 per share on April 30, implying an annualized yield of roughly 8.1%.
• KTF is a closed-end municipal bond fund managed by DWS, with about 57.71% of shares held by institutional investors and several small institutional buyers initiating positions recently.

DWS Municipal Income Trust (NYSE:KTF - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.13 and traded as low as $9.03. DWS Municipal Income Trust shares last traded at $9.0350, with a volume of 110,254 shares traded.

DWS Municipal Income Trust Stock Down 0.6%

The company has a 50-day simple moving average of $9.11 and a two-hundred day simple moving average of $9.13.

DWS Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, April 22nd were issued a dividend of $0.061 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend was Wednesday, April 22nd.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new position in shares of DWS Municipal Income Trust during the fourth quarter valued at $25,000. Murphy Middleton Hinkle & Parker Inc. acquired a new position in shares of DWS Municipal Income Trust during the fourth quarter valued at $89,000. GM Advisory Group LLC acquired a new position in shares of DWS Municipal Income Trust during the fourth quarter valued at $93,000. Thrivent Financial for Lutherans acquired a new position in shares of DWS Municipal Income Trust during the third quarter valued at $107,000. Finally, Savvy Advisors Inc. acquired a new position in shares of DWS Municipal Income Trust during the third quarter valued at $153,000. 57.71% of the stock is owned by institutional investors and hedge funds.

About DWS Municipal Income Trust

DWS Municipal Income Trust NYSE: KTF is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax. Established in 2002, the fund is managed by DWS Group, a global asset management firm and affiliate of Deutsche Bank, and trades on the New York Stock Exchange under the ticker symbol KTF. Its structure allows investors access to a diversified portfolio of municipal securities with the potential for tax-advantaged income distributions.

The trust’s investment strategy focuses primarily on investment-grade municipal bonds issued by U.S.

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