DWS Municipal Income Trust $KTF Shares Newly Bought by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC acquired a new stake in DWS Municipal Income Trust (NYSE:KTF) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 78,707 shares of the investment management company’s stock, valued at approximately $638,000.

Several other large investors also recently modified their holdings of KTF. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of DWS Municipal Income Trust during the second quarter valued at about $66,000. Worth Asset Management LLC purchased a new stake in shares of DWS Municipal Income Trust during the second quarter worth about $101,000. Susquehanna International Group LLP acquired a new position in shares of DWS Municipal Income Trust in the second quarter worth about $110,000. Readystate Asset Management LP acquired a new position in shares of DWS Municipal Income Trust in the second quarter worth about $138,000. Finally, StoneX Group Inc. acquired a new position in shares of DWS Municipal Income Trust in the third quarter worth about $150,000. 57.71% of the stock is currently owned by institutional investors and hedge funds.

DWS Municipal Income Trust Price Performance

Shares of KTF opened at $8.23 on Tuesday. DWS Municipal Income Trust has a one year low of $7.95 and a one year high of $9.37. The stock has a 50-day moving average price of $8.27 and a 200 day moving average price of $8.88.

DWS Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st were issued a dividend of $0.0610 per share. The ex-dividend date was Wednesday, October 21st. This represents a $0.73 annualized dividend and a yield of 8.9%.

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 symbol KTF. The fund seeks to provide a high level of current income that is exempt from regular federal income tax, while also pursuing preservation of capital and, to a lesser extent, long-term capital appreciation.

The trust invests primarily in municipal securities issued by states, municipalities and other public authorities throughout the United States. Its portfolio may include bonds and other fixed-income instruments that finance public infrastructure and services, such as schools, transportation systems, utilities and healthcare facilities.