Dakota Wealth Management lifted its holdings in shares of DWS Municipal Income Trust (NYSE:KTF - Free Report) by 105.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 approximately 0.19% of DWS Municipal Income Trust worth $712,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Navigoe LLC bought a new stake in shares of DWS Municipal Income Trust during the 4th quarter worth $63,000. Elequin Capital LP bought a new stake in shares of DWS Municipal Income Trust during the 4th quarter worth $68,000. Optimum Investment Advisors bought a new stake in shares of DWS Municipal Income Trust during the 4th quarter worth $76,000. Mariner LLC bought a new stake in shares of DWS Municipal Income Trust during the 4th quarter worth $102,000. Finally, CX Institutional bought a new stake in shares of DWS Municipal Income Trust during the 1st quarter worth $107,000. Institutional investors and hedge funds own 57.71% of the company's stock.
DWS Municipal Income Trust Price Performance
DWS Municipal Income Trust stock traded down $0.03 during mid-day trading on Friday, reaching $8.62. The company had a trading volume of 154,929 shares, compared to its average volume of 135,077. DWS Municipal Income Trust has a 52 week low of $8.60 and a 52 week high of $10.22. The company has a 50 day moving average of $8.87 and a 200-day moving average of $9.20.
DWS Municipal Income Trust Announces Dividend
The business also recently declared a jul 25 dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, July 21st will be issued a $0.061 dividend. This represents a yield of 8.3%. The ex-dividend date of this dividend is Monday, July 21st.
About DWS Municipal Income Trust
(
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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