Graham Capital Wealth Management LLC Purchases New Position in DWS Municipal Income Trust (NYSE:KTF)

Key Points

• Graham Capital Wealth Management LLC has made a new investment in DWS Municipal Income Trust, acquiring 43,697 shares valued at approximately $410,000 during Q1.
• Several other institutional investors also increased their stakes, with notable purchases from Raymond James Financial Inc. and Envestnet Asset Management Inc., contributing to a total of 57.71% institutional ownership of the stock.
• DWS Municipal Income Trust announced a dividend of $0.061 per share, representing an 8.3% yield, payable on July 31 to stockholders of record on July 21.

Graham Capital Wealth Management LLC purchased a new position in shares of DWS Municipal Income Trust (NYSE:KTF - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,697 shares of the investment management company's stock, valued at approximately $410,000. Graham Capital Wealth Management LLC owned 0.11% of DWS Municipal Income Trust at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Dakota Wealth Management increased its stake in DWS Municipal Income Trust by 105.7% during the first quarter. Dakota Wealth Management now owns 75,913 shares of the investment management company's stock worth $712,000 after purchasing an additional 39,013 shares during the period. Envestnet Asset Management Inc. increased its stake in DWS Municipal Income Trust by 14.2% during the first quarter. Envestnet Asset Management Inc. now owns 141,831 shares of the investment management company's stock worth $1,330,000 after purchasing an additional 17,605 shares during the period. CX Institutional purchased a new stake in DWS Municipal Income Trust during the first quarter worth about $107,000. Park Avenue Securities LLC increased its stake in DWS Municipal Income Trust by 11.7% during the first quarter. Park Avenue Securities LLC now owns 126,933 shares of the investment management company's stock worth $1,191,000 after purchasing an additional 13,287 shares during the period. Finally, Integrated Capital Management Inc. increased its stake in shares of DWS Municipal Income Trust by 9.4% during the first quarter. Integrated Capital Management Inc. now owns 25,937 shares of the investment management company's stock worth $243,000 after buying an additional 2,222 shares during the period. 57.71% of the stock is currently owned by hedge funds and other institutional investors.

DWS Municipal Income Trust Stock Up 0.4%

Shares of KTF stock traded up $0.04 during trading hours on Thursday, reaching $8.58. 90,360 shares of the stock were exchanged, compared to its average volume of 100,701. The business's fifty day moving average is $8.79 and its two-hundred day moving average is $9.15. DWS Municipal Income Trust has a 12-month low of $8.48 and a 12-month high of $10.22.

DWS Municipal Income Trust Dividend Announcement

The company also recently announced a jul 25 dividend, which will be paid on Thursday, July 31st. Investors 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%.

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.