Dakota Wealth Management increased its holdings in shares of DWS Municipal Income Trust (NYSE:KTF - Free Report) by 105.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,913 shares of the investment management company's stock after purchasing an additional 39,013 shares during the quarter. Dakota Wealth Management owned 0.19% of DWS Municipal Income Trust worth $712,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. Navigoe LLC purchased a new stake in shares of DWS Municipal Income Trust during the fourth quarter valued at approximately $63,000. Elequin Capital LP purchased a new stake in shares of DWS Municipal Income Trust during the fourth quarter valued at approximately $68,000. Optimum Investment Advisors purchased a new stake in shares of DWS Municipal Income Trust during the fourth quarter valued at approximately $76,000. Mariner LLC purchased a new stake in shares of DWS Municipal Income Trust during the fourth quarter valued at approximately $102,000. Finally, CX Institutional purchased a new stake in shares of DWS Municipal Income Trust during the first quarter valued at approximately $107,000. Institutional investors and hedge funds own 57.71% of the company's stock.
DWS Municipal Income Trust Trading Down 0.4%
Shares of KTF traded down $0.03 during mid-day trading on Friday, reaching $8.62. 154,929 shares of the stock traded hands, compared to its average volume of 134,817. The stock has a fifty day simple moving average of $8.89 and a 200 day simple moving average of $9.20. DWS Municipal Income Trust has a 12-month low of $8.60 and a 12-month high of $10.22.
DWS Municipal Income Trust Dividend Announcement
The company also recently disclosed a jul 25 dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, July 21st will be paid a dividend of $0.061 per share. The ex-dividend date is Monday, July 21st. This represents a dividend yield of 8.3%.
DWS Municipal Income Trust Company Profile
(
Free Report)
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.
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