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

Key Points

• DWS Municipal Income Trust shares fell below their 200-day moving average of $9.12, reaching an intraday low of $8.85 and last trading near $8.855 on volume of 114,939 shares.
• The trust announced a monthly dividend of $0.061 per share, payable July 31 to shareholders of record July 22, representing an annualized yield of approximately 8.3%.
• Institutional investors own 57.71% of KTF, with several firms recently initiating or increasing positions, including Osaic Holdings and Oppenheimer & Co.

DWS Municipal Income Trust (NYSE:KTF - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.12 and traded as low as $8.85. DWS Municipal Income Trust shares last traded at $8.8550, with a volume of 114,939 shares traded.

DWS Municipal Income Trust Price Performance

The company has a 50-day simple moving average of $9.13 and a two-hundred day simple moving average of $9.12.

DWS Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 22nd will be paid a dividend of $0.061 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date is Wednesday, July 22nd.

Hedge Funds Weigh In On DWS Municipal Income Trust

Several institutional investors have recently added to or reduced their stakes in KTF. Kestra Advisory Services LLC purchased a new stake in DWS Municipal Income Trust during the fourth quarter worth about $25,000. GM Advisory Group LLC purchased a new position in DWS Municipal Income Trust in the fourth quarter valued at about $93,000. Worth Asset Management LLC purchased a new position in DWS Municipal Income Trust in the second quarter valued at about $101,000. Osaic Holdings Inc. grew its position in shares of DWS Municipal Income Trust by 15.7% during the 2nd quarter. Osaic Holdings Inc. now owns 21,403 shares of the investment management company's stock valued at $189,000 after acquiring an additional 2,902 shares during the period. Finally, Oppenheimer & Co. Inc. grew its position in shares of DWS Municipal Income Trust by 9.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 21,442 shares of the investment management company's stock valued at $195,000 after acquiring an additional 1,840 shares during the period. Institutional investors own 57.71% of the company's stock.

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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