Rockefeller Capital Management L.P. lowered its position in DWS Municipal Income Trust (NYSE:KTF - Free Report) by 47.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,402 shares of the investment management company's stock after selling 31,976 shares during the quarter. Rockefeller Capital Management L.P. owned 0.09% of DWS Municipal Income Trust worth $335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also added to or reduced their stakes in the company. Optimum Investment Advisors bought a new stake in DWS Municipal Income Trust in the fourth quarter valued at approximately $76,000. HighTower Advisors LLC boosted its position in shares of DWS Municipal Income Trust by 18.5% during the 3rd quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company's stock worth $135,000 after purchasing an additional 2,135 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in DWS Municipal Income Trust in the 4th quarter valued at about $213,000. Integrated Capital Management Inc. boosted its holdings in 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 worth $224,000 after acquiring an additional 3,454 shares in the last quarter. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of DWS Municipal Income Trust during the fourth quarter valued at approximately $376,000. Institutional investors own 57.71% of the company's stock.
DWS Municipal Income Trust Price Performance
KTF stock traded up $0.05 during mid-day trading on Wednesday, reaching $9.06. 57,560 shares of the company traded hands, compared to its average volume of 135,708. The firm's 50 day moving average price is $9.27 and its 200 day moving average price is $9.57. DWS Municipal Income Trust has a fifty-two week low of $8.75 and a fifty-two week high of $10.22.
DWS Municipal Income Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 21st will be issued a dividend of $0.061 per share. This represents a $0.73 annualized dividend and a yield of 8.08%. The ex-dividend date is 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.
Recommended Stories
Before you consider DWS Municipal Income Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DWS Municipal Income Trust wasn't on the list.
While DWS Municipal Income Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
