Capital Investment Advisors LLC Sells 5,030 Shares of DWS Municipal Income Trust (NYSE:KTF)

Capital Investment Advisors LLC trimmed its stake in shares of DWS Municipal Income Trust (NYSE:KTF) by 1.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 339,048 shares of the investment management company’s stock after selling 5,030 shares during the quarter. Capital Investment Advisors LLC owned about 0.87% of DWS Municipal Income Trust worth $3,204,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of KTF. US Bancorp DE bought a new stake in shares of DWS Municipal Income Trust during the 3rd quarter valued at $80,000. Walleye Capital LLC acquired a new position in shares of DWS Municipal Income Trust during the 3rd quarter worth $114,000. HighTower Advisors LLC raised its holdings in shares of DWS Municipal Income Trust by 18.5% during the 3rd quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company’s stock worth $135,000 after buying an additional 2,135 shares in the last quarter. Dakota Wealth Management raised its holdings in shares of DWS Municipal Income Trust by 259.0% during the 3rd quarter. Dakota Wealth Management now owns 35,900 shares of the investment management company’s stock worth $358,000 after buying an additional 25,900 shares in the last quarter. Finally, Whitebox Advisors LLC acquired a new position in shares of DWS Municipal Income Trust during the 2nd quarter worth $597,000. 57.71% of the stock is currently owned by institutional investors.

DWS Municipal Income Trust Price Performance

DWS Municipal Income Trust stock opened at $9.38 on Tuesday. DWS Municipal Income Trust has a 52 week low of $8.72 and a 52 week high of $10.22. The stock has a fifty day moving average of $9.79 and a 200-day moving average of $9.79.

DWS Municipal Income Trust Increases Dividend

The company also recently announced a — dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st will be issued a $0.061 dividend. This represents a yield of 7.7%. The ex-dividend date is Tuesday, January 21st. This is a boost from DWS Municipal Income Trust’s previous — dividend of $0.02.

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.