DWS Municipal Income Trust (NYSE:KTF – Get Free Report) announced a monthly dividend on Monday, June 8th. Investors of record on Wednesday, June 24th will be given a dividend of 0.061 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date is Wednesday, June 24th.
DWS Municipal Income Trust Price Performance
KTF stock opened at $9.11 on Tuesday. DWS Municipal Income Trust has a 52 week low of $8.48 and a 52 week high of $9.37. The company’s 50-day moving average price is $9.07 and its 200 day moving average price is $9.10.
Institutional Trading of DWS Municipal Income Trust
Institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC purchased a new stake in DWS Municipal Income Trust during the fourth quarter worth about $25,000. Murphy Middleton Hinkle & Parker Inc. purchased a new stake in DWS Municipal Income Trust during the fourth quarter worth about $89,000. GM Advisory Group LLC purchased a new stake in DWS Municipal Income Trust during the fourth quarter worth about $93,000. Thrivent Financial for Lutherans purchased a new stake in shares of DWS Municipal Income Trust in the third quarter valued at about $107,000. Finally, Savvy Advisors Inc. purchased a new stake in shares of DWS Municipal Income Trust in the third quarter valued at about $153,000. Hedge funds and other 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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