DWS Municiple Income Trust (KTF) Holdings Increased by Ameriprise Financial Inc.
Ameriprise Financial Inc. grew its holdings in shares of DWS Municiple Income Trust (NYSE:KTF) by 11.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,670 shares of the investment management company’s stock after acquiring an additional 2,980 shares during the period. Ameriprise Financial Inc. owned 0.08% of DWS Municiple Income Trust worth $401,000 as of its most recent SEC filing.
Separately, Regal Investment Advisors LLC grew its holdings in DWS Municiple 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 acquiring an additional 133 shares during the period. 7.06% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DWS Municiple Income Trust (KTF) opened at $11.94 on Wednesday. DWS Municiple Income Trust has a 1-year low of $11.82 and a 1-year high of $13.73.
The company also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 20th will be paid a $0.0525 dividend. The ex-dividend date is Friday, November 17th. This represents a $0.63 annualized dividend and a dividend yield of 5.28%.
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DWS Municiple Income Trust 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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