DWS Municipal Income Trust $KTF is Sit Investment Associates Inc.'s 5th Largest Position

Key Points

• Sit Investment Associates Inc. increased its holdings in DWS Municipal Income Trust by 3.4%, owning approximately 23.69% of the trust, valued at $87,038,000.
• DWS Municipal Income Trust will distribute a monthly dividend of $0.061 on August 29th, providing an annual yield of 8.5%.
• Institutional investors hold 57.71% of DWS Municipal Income Trust's stock, indicating strong institutional interest in the fund.

Sit Investment Associates Inc. raised its position in DWS Municipal Income Trust (NYSE:KTF - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,279,098 shares of the investment management company's stock after buying an additional 301,804 shares during the quarter. DWS Municipal Income Trust comprises about 2.0% of Sit Investment Associates Inc.'s holdings, making the stock its 5th largest position. Sit Investment Associates Inc. owned about 23.69% of DWS Municipal Income Trust worth $87,038,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Navigoe LLC purchased a new position in DWS Municipal Income Trust during the fourth quarter worth about $63,000. Elequin Capital LP purchased a new position in shares of DWS Municipal Income Trust during the 4th quarter worth approximately $68,000. Mariner LLC purchased a new position in shares of DWS Municipal Income Trust during the 4th quarter worth approximately $102,000. CX Institutional purchased a new stake in shares of DWS Municipal Income Trust in the 1st quarter worth approximately $107,000. Finally, XTX Topco Ltd purchased a new stake in shares of DWS Municipal Income Trust in the 1st quarter worth approximately $134,000. 57.71% of the stock is currently owned by institutional investors.

DWS Municipal Income Trust Stock Performance

KTF remained flat at $8.62 during trading on Monday. The company's stock had a trading volume of 99,617 shares, compared to its average volume of 102,548. The business's 50-day moving average is $8.72 and its 200 day moving average is $9.07. DWS Municipal Income Trust has a 1-year low of $8.48 and a 1-year high of $10.22.

DWS Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th will be paid a $0.061 dividend. This represents a c) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Tuesday, August 19th.

DWS Municipal Income Trust Company Profile

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.