Dakota Wealth Management Buys New Shares in DWS Municipal Income Trust (NYSE:KTF)

Dakota Wealth Management purchased a new position in shares of DWS Municipal Income Trust (NYSE:KTF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the investment management company’s stock, valued at approximately $95,000.

Several other hedge funds and other institutional investors have also made changes to their positions in KTF. Bulldog Investors LLP grew its holdings in DWS Municipal Income Trust by 172.0% during the 4th quarter. Bulldog Investors LLP now owns 1,306,877 shares of the investment management company’s stock worth $11,618,000 after acquiring an additional 826,493 shares in the last quarter. Gridiron Partners LLC acquired a new stake in shares of DWS Municipal Income Trust during the 4th quarter worth about $136,000. Blue Bell Private Wealth Management LLC lifted its stake in DWS Municipal Income Trust by 44.7% during the first quarter. Blue Bell Private Wealth Management LLC now owns 12,877 shares of the investment management company’s stock worth $116,000 after purchasing an additional 3,980 shares during the last quarter. Van ECK Associates Corp boosted its holdings in DWS Municipal Income Trust by 14.7% in the fourth quarter. Van ECK Associates Corp now owns 299,354 shares of the investment management company’s stock valued at $2,661,000 after purchasing an additional 38,393 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new stake in DWS Municipal Income Trust during the second quarter worth approximately $236,000. Hedge funds and other institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Stock Up 0.2 %

Shares of NYSE:KTF traded up $0.02 during trading on Wednesday, hitting $9.74. 14,324 shares of the company were exchanged, compared to its average volume of 107,198. The firm’s 50 day moving average price is $9.64 and its 200-day moving average price is $9.37. DWS Municipal Income Trust has a 12-month low of $7.40 and a 12-month high of $9.82.

DWS Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Monday, August 19th will be issued a dividend of $0.061 per share. This represents a $0.73 annualized dividend and a dividend yield of 7.52%. The ex-dividend date is Monday, August 19th.

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.