Sei Investments Co. increased its position in shares of Deutsche Municipal Income Trust (NYSE:KTF) by 2,658.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,645 shares of the investment management company’s stock after purchasing an additional 14,114 shares during the period. Sei Investments Co.’s holdings in Deutsche Municipal Income Trust were worth $135,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Regal Investment Advisors LLC lifted its holdings in Deutsche Municipal Income Trust by 1.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 10,468 shares of the investment management company’s stock worth $141,000 after purchasing an additional 133 shares during the last quarter. Investment Centers of America Inc. lifted its holdings in Deutsche Municipal Income Trust by 1.6% during the 2nd quarter. Investment Centers of America Inc. now owns 24,668 shares of the investment management company’s stock worth $334,000 after purchasing an additional 387 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Deutsche Municipal Income Trust by 11.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 29,670 shares of the investment management company’s stock worth $401,000 after purchasing an additional 2,980 shares during the last quarter. First Allied Advisory Services Inc. lifted its holdings in Deutsche Municipal Income Trust by 29.5% during the 2nd quarter. First Allied Advisory Services Inc. now owns 23,453 shares of the investment management company’s stock worth $315,000 after purchasing an additional 5,345 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Deutsche Municipal Income Trust by 16.3% during the 2nd quarter. Van ECK Associates Corp now owns 55,273 shares of the investment management company’s stock worth $746,000 after purchasing an additional 7,749 shares during the last quarter. 8.13% of the stock is owned by institutional investors and hedge funds.

Shares of Deutsche Municipal Income Trust (NYSE KTF) opened at $11.92 on Friday. Deutsche Municipal Income Trust has a fifty-two week low of $11.72 and a fifty-two week high of $13.73.

The company also recently declared a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be issued a dividend of $0.0525 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.63 annualized dividend and a yield of 5.29%.

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Deutsche Municipal Income Trust Company Profile

Deutsche Municipal Income Trust (the Fund) is a closed-end, diversified management investment company. The Fund’s investment objective is to provide a high level of current income exempt from federal income tax. Under normal circumstances, at least 80% of the Fund’s net assets, plus the amount of any borrowings for investment purposes, intends on being invested in municipal securities valued at the time of purchase within the four highest grades (Baa or BBB or better).

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Institutional Ownership by Quarter for Deutsche Municipal Income Trust (NYSE:KTF)

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