Allianz Asset Management GmbH bought a new position in DWS Municipal Income Trust (NYSE:KTF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 41,860 shares of the investment management company’s stock, valued at approximately $472,000. Allianz Asset Management GmbH owned about 0.11% of DWS Municipal Income Trust at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of KTF. FNY Investment Advisers LLC purchased a new position in shares of DWS Municipal Income Trust during the 2nd quarter worth $68,000. Partnervest Advisory Services LLC purchased a new position in shares of DWS Municipal Income Trust during the 2nd quarter worth $143,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of DWS Municipal Income Trust by 6.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 21,278 shares of the investment management company’s stock worth $234,000 after acquiring an additional 1,336 shares during the last quarter. City of London Investment Management Co. Ltd. purchased a new position in shares of DWS Municipal Income Trust during the 1st quarter worth $525,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of DWS Municipal Income Trust by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 73,174 shares of the investment management company’s stock worth $825,000 after acquiring an additional 6,359 shares during the last quarter. Institutional investors and hedge funds own 19.83% of the company’s stock.
In other DWS Municipal Income Trust news, Director John W. Ballantine purchased 2,460 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average price of $11.61 per share, for a total transaction of $28,560.60. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.
Shares of DWS Municipal Income Trust stock opened at $11.51 on Friday. The company’s fifty day simple moving average is $11.64 and its 200-day simple moving average is $11.24. DWS Municipal Income Trust has a 1-year low of $10.08 and a 1-year high of $11.86.
The firm also recently declared a — dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 19th will be paid a dividend of $0.0425 per share. This represents a dividend yield of 4.4%. The ex-dividend date is Wednesday, September 18th.
About DWS Municipal Income Trust
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.
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