DWS Municipal Income Trust (NYSE:KTF) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• DWS Municipal Income Trust shares fell below their 200-day moving average of $9.09, reaching an intraday low of $8.76 and closing at $8.7950 on volume of 173,809 shares.
• The trust declared a monthly dividend of $0.061 per share, payable August 31 to shareholders of record August 19, representing an annualized yield of approximately 8.3%.
• Institutional investors own 57.71% of the fund, with several firms—including Oppenheimer, Northwestern Mutual and Wedbush—recently increasing their positions.

DWS Municipal Income Trust (NYSE:KTF - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.09 and traded as low as $8.76. DWS Municipal Income Trust shares last traded at $8.7950, with a volume of 173,809 shares.

DWS Municipal Income Trust Trading Up 0.2%

The stock has a 50-day moving average price of $9.05 and a 200-day moving average price of $9.09.

DWS Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be issued a $0.061 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. lifted its position in DWS Municipal Income Trust by 9.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 21,442 shares of the investment management company's stock valued at $195,000 after purchasing an additional 1,840 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of DWS Municipal Income Trust by 44.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,214 shares of the investment management company's stock worth $66,000 after purchasing an additional 2,215 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of DWS Municipal Income Trust in the fourth quarter worth $25,000. Osaic Holdings Inc. raised its holdings in DWS Municipal Income Trust by 15.7% during the 2nd quarter. Osaic Holdings Inc. now owns 21,403 shares of the investment management company's stock valued at $189,000 after buying an additional 2,902 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its position in DWS Municipal Income Trust by 10.2% during the 4th quarter. Wedbush Securities Inc. now owns 77,244 shares of the investment management company's stock valued at $702,000 after buying an additional 7,177 shares during the period. Institutional investors own 57.71% of the company's stock.

About DWS Municipal Income Trust

DWS Municipal Income Trust NYSE: KTF is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax. Established in 2002, the fund is managed by DWS Group, a global asset management firm and affiliate of Deutsche Bank, and trades on the New York Stock Exchange under the ticker symbol KTF. Its structure allows investors access to a diversified portfolio of municipal securities with the potential for tax-advantaged income distributions.

The trust’s investment strategy focuses primarily on investment-grade municipal bonds issued by U.S.

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