DWS Municipal Income Trust $KTF Stock Holdings Increased by Bank of America Corp DE

Key Points

• Bank of America increased its KTF position by 162.5% in the first quarter, adding 286,839 shares to reach 463,366 shares worth approximately $4.2 million.
• Other institutional investors also established or expanded holdings, with institutional ownership reaching 57.71% of DWS Municipal Income Trust’s stock.
• DWS Municipal Income Trust declared a monthly dividend of $0.061 per share, representing an annualized yield of approximately 8.3%; KTF recently traded at $8.79, near its one-year low.

Bank of America Corp DE raised its position in shares of DWS Municipal Income Trust (NYSE:KTF - Free Report) by 162.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 463,366 shares of the investment management company's stock after buying an additional 286,839 shares during the quarter. Bank of America Corp DE owned about 1.18% of DWS Municipal Income Trust worth $4,217,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new stake in shares of DWS Municipal Income Trust during the 4th quarter valued at approximately $25,000. GM Advisory Group LLC acquired a new position in DWS Municipal Income Trust in the fourth quarter worth $93,000. Osaic Holdings Inc. increased its stake in 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 valued at $189,000 after purchasing an additional 2,902 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in DWS Municipal Income Trust by 9.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 21,442 shares of the investment management company's stock valued at $195,000 after purchasing an additional 1,840 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of DWS Municipal Income Trust during the second quarter worth $212,000. Institutional investors own 57.71% of the company's stock.

DWS Municipal Income Trust Stock Performance

DWS Municipal Income Trust stock opened at $8.79 on Friday. DWS Municipal Income Trust has a 1 year low of $8.73 and a 1 year high of $9.37. The firm's 50-day moving average is $9.03 and its 200-day moving average is $9.08.

DWS Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be issued a $0.061 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a c) dividend on an annualized basis and a yield of 8.3%.

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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