Mackay Shields LLC Sells 43,156 Shares of DWS Municipal Income Trust $KTF

Mackay Shields LLC decreased its position in shares of DWS Municipal Income Trust (NYSE:KTF) by 24.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,807 shares of the investment management company’s stock after selling 43,156 shares during the period. Mackay Shields LLC owned approximately 0.33% of DWS Municipal Income Trust worth $1,156,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KTF. Sit Investment Associates Inc. increased its position in DWS Municipal Income Trust by 3.4% during the 1st quarter. Sit Investment Associates Inc. now owns 9,279,098 shares of the investment management company’s stock worth $87,038,000 after buying an additional 301,804 shares during the period. Nuveen LLC bought a new position in DWS Municipal Income Trust during the 1st quarter worth $741,000. 1607 Capital Partners LLC increased its position in DWS Municipal Income Trust by 4.8% during the 1st quarter. 1607 Capital Partners LLC now owns 1,476,480 shares of the investment management company’s stock worth $13,849,000 after buying an additional 67,001 shares during the period. Graham Capital Wealth Management LLC bought a new position in DWS Municipal Income Trust during the 1st quarter worth $410,000. Finally, Dakota Wealth Management increased its position in DWS Municipal Income Trust by 105.7% during the 1st quarter. Dakota Wealth Management now owns 75,913 shares of the investment management company’s stock worth $712,000 after buying an additional 39,013 shares during the period. Institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Stock Performance

Shares of NYSE KTF opened at $9.21 on Friday. DWS Municipal Income Trust has a 52 week low of $8.48 and a 52 week high of $10.22. The stock’s fifty day moving average is $8.93 and its 200 day moving average is $8.92.

DWS Municipal Income Trust Dividend Announcement

The business also recently declared a oct 25 dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 20th will be given a $0.061 dividend. The ex-dividend date is Monday, October 20th. This represents a dividend yield of 795.0%.

DWS Municipal Income Trust Profile

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.