DWS Municipal Income Trust (NYSE:KTF) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

DWS Municipal Income Trust (NYSE:KTF)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.78 and traded as low as $9.59. DWS Municipal Income Trust shares last traded at $9.64, with a volume of 91,059 shares changing hands.

DWS Municipal Income Trust Stock Performance

The firm’s 50 day moving average is $9.63 and its 200-day moving average is $9.78.

DWS Municipal Income Trust Increases Dividend

The firm also recently declared a — dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were paid a dividend of $0.061 per share. This represents a dividend yield of 7.7%. The ex-dividend date was Tuesday, January 21st. This is a positive change from DWS Municipal Income Trust’s previous — dividend of $0.02.

Institutional Investors Weigh In On DWS Municipal Income Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. US Bancorp DE purchased a new stake in DWS Municipal Income Trust in the 3rd quarter valued at about $80,000. Walleye Capital LLC acquired a new stake in shares of DWS Municipal Income Trust in the third quarter worth approximately $114,000. HighTower Advisors LLC grew its holdings in DWS Municipal Income Trust by 18.5% in the third quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company’s stock valued at $135,000 after purchasing an additional 2,135 shares during the period. Integrated Capital Management Inc. increased its position in DWS Municipal Income Trust by 17.0% during the fourth quarter. Integrated Capital Management Inc. now owns 23,715 shares of the investment management company’s stock worth $224,000 after purchasing an additional 3,454 shares during the last quarter. Finally, Dakota Wealth Management raised its stake in DWS Municipal Income Trust by 259.0% during the third quarter. Dakota Wealth Management now owns 35,900 shares of the investment management company’s stock worth $358,000 after purchasing an additional 25,900 shares during the period. Hedge funds and other institutional investors own 57.71% of the company’s stock.

About DWS Municipal Income Trust

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.