DWS Strategic Municiple Income Trust (KSM) Position Maintained by Northwestern Mutual Wealth Management Co.
Northwestern Mutual Wealth Management Co. maintained its stake in DWS Strategic Municiple Income Trust (NYSE:KSM) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,000 shares of the investment management company’s stock at the end of the 2nd quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.10% of DWS Strategic Municiple Income Trust worth $137,000 as of its most recent SEC filing.
Separately, Wells Fargo & Company MN raised its holdings in DWS Strategic Municiple Income Trust by 21.5% in the 2nd quarter. Wells Fargo & Company MN now owns 56,902 shares of the investment management company’s stock worth $710,000 after purchasing an additional 10,080 shares during the period. Institutional investors own 5.56% of the company’s stock.
DWS Strategic Municiple Income Trust (KSM) opened at 12.22 on Friday. The company has a 50-day moving average price of $12.36 and a 200-day moving average price of $12.51. DWS Strategic Municiple Income Trust has a 12-month low of $11.86 and a 12-month high of $14.90.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 18th will be issued a $0.0525 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend is Friday, September 15th.
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DWS Strategic Municiple Income Trust Profile
Deutsche Strategic Municipal Income Trust (the Fund) is a closed-end, diversified management investment company. Its investment objective is to provide a high level of current income exempt from federal income tax. The Fund intends to invest at least 50% of its assets in investment-grade or unrated municipal securities of comparable quality and may invest up to 50% of its assets in high-yield municipal securities that are below investment grade.
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