DWS Municipal Income Trust (NYSE:KTF - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.
DWS Municipal Income Trust Stock Down 0.3%
The stock has a fifty day moving average price of $9.06 and a 200 day moving average price of $9.43.
DWS Municipal Income Trust Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a dividend of $0.061 per share. This represents a $0.73 dividend on an annualized basis and a yield of 8.26%. The ex-dividend date of this dividend was Monday, May 19th.
Hedge Funds Weigh In On DWS Municipal Income Trust
A number of large investors have recently bought and sold shares of the business. Invesco Ltd. boosted its holdings 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 acquiring an additional 1,263 shares during the period. Integrated Capital Management Inc. raised its position in shares of DWS Municipal Income Trust by 9.4% in the 1st quarter. Integrated Capital Management Inc. now owns 25,937 shares of the investment management company's stock worth $243,000 after acquiring an additional 2,222 shares in the last quarter. Navigoe LLC bought a new position in shares of DWS Municipal Income Trust in the 4th quarter worth $63,000. Elequin Capital LP bought a new position in shares of DWS Municipal Income Trust in the 4th quarter worth $68,000. Finally, Optimum Investment Advisors bought a new position in shares of DWS Municipal Income Trust in the 4th quarter worth $76,000. Hedge funds and other institutional investors own 57.71% of the company's stock.
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.
Further Reading
Before you consider DWS Municipal Income Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DWS Municipal Income Trust wasn't on the list.
While DWS Municipal Income Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
