DWS Municipal Income Trust (NYSE:KTF) Stock Price Passes Above 50-Day Moving Average - What's Next?

Key Points

• Price breakout: KTF shares crossed above their 50-day moving average (50‑day MA $9.14) and traded as high as $9.17, last at $9.1650 on a volume of about 79,998 shares; the 200‑day MA is $9.13.
• Dividend:** The fund declared a monthly dividend of $0.061 per share payable March 31 (record and ex‑dividend date: March 20), implying an annualized yield of roughly 8.0%.
• Institutional ownership: About 57.71% of KTF is held by hedge funds and other institutions, with notable activity including Gridiron Partners boosting its stake to 425,178 shares and several advisers initiating new positions.

DWS Municipal Income Trust (NYSE:KTF - Get Free Report) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.14 and traded as high as $9.17. DWS Municipal Income Trust shares last traded at $9.1650, with a volume of 79,998 shares changing hands.

DWS Municipal Income Trust Price Performance

The business has a 50 day simple moving average of $9.14 and a two-hundred day simple moving average of $9.13.

DWS Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be paid a $0.061 dividend. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Friday, March 20th.

Institutional Investors Weigh In On DWS Municipal Income Trust

Several large investors have recently added to or reduced their stakes in KTF. Kestra Advisory Services LLC purchased a new position in shares of DWS Municipal Income Trust during the fourth quarter worth approximately $25,000. Gridiron Partners LLC grew its stake in DWS Municipal Income Trust by 3,970.6% in the third quarter. Gridiron Partners LLC now owns 425,178 shares of the investment management company's stock worth $39,000 after purchasing an additional 414,733 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. purchased a new position in DWS Municipal Income Trust during the 4th quarter worth $89,000. GM Advisory Group LLC bought a new stake in DWS Municipal Income Trust during the 4th quarter valued at $93,000. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of DWS Municipal Income Trust in the 3rd quarter worth $107,000. 57.71% of the stock is owned by hedge funds and other institutional investors.

DWS Municipal Income Trust Company Profile

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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