Rothschild Investment LLC lessened its stake in shares of DWS Municipal Income Trust (NYSE:KTF - Free Report) by 36.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,917 shares of the investment management company's stock after selling 32,000 shares during the quarter. Rothschild Investment LLC owned about 0.15% of DWS Municipal Income Trust worth $534,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Navigoe LLC bought a new stake in DWS Municipal Income Trust during the 4th quarter valued at approximately $63,000. Elequin Capital LP bought a new stake in DWS Municipal Income Trust during the 4th quarter valued at approximately $68,000. Optimum Investment Advisors bought a new stake in DWS Municipal Income Trust during the 4th quarter valued at approximately $76,000. Envestnet Asset Management Inc. boosted its stake in DWS Municipal Income Trust by 8.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 124,226 shares of the investment management company's stock valued at $1,174,000 after purchasing an additional 9,673 shares during the period. Finally, Mariner LLC bought a new stake in DWS Municipal Income Trust during the 4th quarter valued at approximately $102,000. Institutional investors own 57.71% of the company's stock.
DWS Municipal Income Trust Price Performance
Shares of KTF stock traded up $0.01 during mid-day trading on Thursday, reaching $8.89. The stock had a trading volume of 153,414 shares, compared to its average volume of 133,895. The firm's 50 day simple moving average is $9.04 and its 200 day simple moving average is $9.41. DWS Municipal Income Trust has a one year low of $8.75 and a one year high of $10.22.
DWS Municipal Income Trust Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were given a $0.061 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 8.23%.
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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