DWS Municipal Income Trust (NYSE:KTF) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of DWS Municipal Income Trust (NYSE:KTF) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.03 and traded as low as $8.38. DWS Municipal Income Trust shares last traded at $8.4050, with a volume of 191,739 shares trading hands.

DWS Municipal Income Trust Price Performance

The company’s 50-day moving average is $8.85 and its 200 day moving average is $9.02.

DWS Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 23rd will be paid a dividend of $0.061 per share. This represents a c) annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Institutional Trading of DWS Municipal Income Trust

Several hedge funds and other institutional investors have recently modified their holdings of the business. Sit Investment Associates Inc. grew its holdings in shares of DWS Municipal Income Trust by 0.5% during the fourth quarter. Sit Investment Associates Inc. now owns 9,883,177 shares of the investment management company’s stock valued at $89,838,000 after buying an additional 51,032 shares in the last quarter. Bank of America Corp DE purchased a new stake in DWS Municipal Income Trust in the 2nd quarter worth about $6,781,000. NewEdge Advisors LLC lifted its stake in DWS Municipal Income Trust by 43.1% in the 1st quarter. NewEdge Advisors LLC now owns 97,961 shares of the investment management company’s stock worth $891,000 after acquiring an additional 29,488 shares in the last quarter. Wedbush Securities Inc. boosted its position in DWS Municipal Income Trust by 21.3% during the 2nd quarter. Wedbush Securities Inc. now owns 93,726 shares of the investment management company’s stock worth $862,000 after acquiring an additional 16,482 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its position in DWS Municipal Income Trust by 50.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 77,850 shares of the investment management company’s stock worth $716,000 after acquiring an additional 26,200 shares during the period. Institutional investors and hedge funds own 57.71% of the company’s stock.

About DWS Municipal Income Trust

DWS Municipal Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the ticker symbol KTF. The trust invests primarily in municipal debt securities issued by states, cities, counties, and other governmental entities in the United States.

The fund’s objective is to provide current income that is generally exempt from regular federal income tax. Its portfolio may include investment-grade and below-investment-grade municipal obligations, including general obligation bonds, revenue bonds, and other securities used to finance public infrastructure and services.