Raymond James Financial Inc. acquired a new stake in DWS Municipal Income Trust (NYSE:KTF - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 195,147 shares of the investment management company's stock, valued at approximately $1,844,000. Raymond James Financial Inc. owned about 0.50% of DWS Municipal Income Trust at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Optimum Investment Advisors purchased a new stake in DWS Municipal Income Trust in the 4th quarter valued at $76,000. Axxcess Wealth Management LLC purchased a new stake in shares of DWS Municipal Income Trust in the fourth quarter valued at about $213,000. Integrated Capital Management Inc. raised its holdings in shares of DWS Municipal Income Trust by 17.0% in the fourth quarter. Integrated Capital Management Inc. now owns 23,715 shares of the investment management company's stock valued at $224,000 after buying an additional 3,454 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new stake in shares of DWS Municipal Income Trust during the fourth quarter worth about $376,000. Finally, Transform Wealth LLC acquired a new position in DWS Municipal Income Trust in the 4th quarter valued at about $546,000. 57.71% of the stock is owned by institutional investors and hedge funds.
DWS Municipal Income Trust Stock Up 0.7 %
KTF traded up $0.06 on Wednesday, hitting $9.20. 57,240 shares of the company traded hands, compared to its average volume of 132,959. DWS Municipal Income Trust has a 12-month low of $8.75 and a 12-month high of $10.22. The company has a 50 day moving average of $9.21 and a 200-day moving average of $9.54.
DWS Municipal Income Trust Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 21st were issued a dividend of $0.061 per share. This represents a $0.73 annualized dividend and a dividend yield of 7.96%. The ex-dividend date was Monday, April 21st.
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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