1607 Capital Partners LLC Has $6.40 Million Holdings in DWS Municipal Income Trust $KTF

1607 Capital Partners LLC decreased its stake in shares of DWS Municipal Income Trust (NYSE:KTF - Free Report) by 39.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 695,792 shares of the investment management company's stock after selling 445,151 shares during the period. 1607 Capital Partners LLC owned approximately 1.78% of DWS Municipal Income Trust worth $6,401,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of America Corp DE increased its holdings in DWS Municipal Income Trust by 26.5% during the 2nd quarter. Bank of America Corp DE now owns 208,820 shares of the investment management company's stock worth $1,846,000 after purchasing an additional 43,693 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of DWS Municipal Income Trust in the second quarter valued at about $503,000. Captrust Financial Advisors acquired a new position in shares of DWS Municipal Income Trust during the second quarter worth about $212,000. Osaic Holdings Inc. boosted its position in shares of DWS Municipal Income Trust by 15.7% during the second quarter. Osaic Holdings Inc. now owns 21,403 shares of the investment management company's stock worth $189,000 after buying an additional 2,902 shares during the period. Finally, Van ECK Associates Corp grew its holdings in shares of DWS Municipal Income Trust by 18.5% during the third quarter. Van ECK Associates Corp now owns 199,433 shares of the investment management company's stock worth $1,829,000 after buying an additional 31,088 shares in the last quarter. 57.71% of the stock is currently owned by institutional investors and hedge funds.

DWS Municipal Income Trust Stock Down 0.2%

Shares of KTF opened at $8.66 on Tuesday. DWS Municipal Income Trust has a twelve month low of $8.63 and a twelve month high of $9.37. The company has a 50 day moving average of $8.96 and a 200-day moving average of $9.06.

DWS Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were issued a dividend of $0.061 per share. The ex-dividend date was Wednesday, August 19th. This represents a c) annualized dividend and a yield of 8.4%.

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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