DWS Municipal Income Trust (NYSE:KTF) Stock Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Shares of DWS Municipal Income Trust (NYSE: KTF) fell below its 200-day moving average of $9.05, trading as low as $8.60, with the last trade at $8.71.
• The company announced a monthly dividend of $0.061 payable on August 29th, which offers an annualized yield of 8.4%.
• Over half (57.71%) of DWS Municipal Income Trust's stock is owned by institutional investors and hedge funds, with several new positions acquired recently.

DWS Municipal Income Trust (NYSE:KTF - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.05 and traded as low as $8.60. DWS Municipal Income Trust shares last traded at $8.71, with a volume of 169,871 shares trading hands.

DWS Municipal Income Trust Trading Up 0.1%

The stock's fifty day moving average price is $8.69 and its 200-day moving average price is $9.03.

DWS Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be issued a dividend of $0.061 per share. The ex-dividend date is Tuesday, August 19th. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%.

Institutional Investors Weigh In On DWS Municipal Income Trust

Large investors have recently made changes to their positions in the company. Invesco Ltd. grew its position in DWS Municipal Income Trust by 5.3% in the first quarter. Invesco Ltd. now owns 24,999 shares of the investment management company's stock worth $234,000 after acquiring an additional 1,263 shares in the last quarter. Camelot Portfolios LLC raised its stake in shares of DWS Municipal Income Trust by 3.4% in the 2nd quarter. Camelot Portfolios LLC now owns 39,284 shares of the investment management company's stock valued at $347,000 after acquiring an additional 1,303 shares in the last quarter. Integrated Capital Management Inc. raised its stake 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 valued at $243,000 after acquiring an additional 2,222 shares in the last quarter. Motco bought a new position in shares of DWS Municipal Income Trust in the 2nd quarter valued at approximately $31,000. Finally, Wellspring Financial Advisors LLC raised its stake in shares of DWS Municipal Income Trust by 21.5% in the 2nd quarter. Wellspring Financial Advisors LLC now owns 34,126 shares of the investment management company's stock valued at $302,000 after acquiring an additional 6,034 shares in the last quarter. Institutional investors and hedge funds own 57.71% of the company's stock.

About DWS Municipal Income Trust

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.