PNC Financial Services Group Inc. Has $248,000 Stake in DWS Municipal Income Trust $KTF

PNC Financial Services Group Inc. trimmed its holdings in shares of DWS Municipal Income Trust (NYSE:KTF) by 72.6% in the second quarter, Holdings Channel.com reports. The firm owned 28,060 shares of the investment management company’s stock after selling 74,440 shares during the quarter. PNC Financial Services Group Inc.’s holdings in DWS Municipal Income Trust were worth $248,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in DWS Municipal Income Trust by 14.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 141,831 shares of the investment management company’s stock valued at $1,330,000 after buying an additional 17,605 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of DWS Municipal Income Trust during the 1st quarter worth about $134,000. Invesco Ltd. raised its stake in DWS Municipal Income Trust by 5.3% in the first quarter. Invesco Ltd. now owns 24,999 shares of the investment management company’s stock valued at $234,000 after buying an additional 1,263 shares during the period. Nuveen LLC bought a new position in DWS Municipal Income Trust during the first quarter worth $741,000. Finally, Sit Investment Associates Inc. boosted its holdings in shares of 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. Institutional investors and hedge funds own 57.71% of the company’s stock.

DWS Municipal Income Trust Trading Up 0.1%

Shares of NYSE KTF opened at $9.10 on Thursday. The business’s 50 day moving average is $9.19 and its 200-day moving average is $8.95. DWS Municipal Income Trust has a 1-year low of $8.48 and a 1-year high of $10.10.

DWS Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.061 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a c) annualized dividend and a dividend yield of 8.0%.

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.