DWS Municipal Income Trust (NYSE:KTF - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.45 and traded as low as $8.93. DWS Municipal Income Trust shares last traded at $8.96, with a volume of 70,193 shares traded.
DWS Municipal Income Trust Price Performance
The stock has a 50 day simple moving average of $9.07 and a 200 day simple moving average of $9.44.
DWS Municipal Income Trust Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid a $0.061 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.73 dividend on an annualized basis and a yield of 8.18%.
Hedge Funds Weigh In On DWS Municipal Income Trust
Large investors have recently bought and sold shares of the stock. Navigoe LLC purchased a new position in DWS Municipal Income Trust in the 4th quarter worth approximately $63,000. Elequin Capital LP purchased a new position in DWS Municipal Income Trust in the 4th quarter worth approximately $68,000. Optimum Investment Advisors bought a new stake in shares of DWS Municipal Income Trust in the 4th quarter worth approximately $76,000. Mariner LLC bought a new stake in shares of DWS Municipal Income Trust in the 4th quarter worth approximately $102,000. Finally, CX Institutional bought a new stake in shares of DWS Municipal Income Trust in the 1st quarter worth approximately $107,000. 57.71% of the stock is owned by hedge funds and other institutional investors.
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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