DWS Municipal Income Trust (NYSE:KTF) Shares Pass Below 200-Day Moving Average – Here’s Why

DWS Municipal Income Trust (NYSE:KTF) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.13 and traded as low as $9.05. DWS Municipal Income Trust shares last traded at $9.09, with a volume of 155,104 shares trading hands.

DWS Municipal Income Trust Stock Performance

The business’s fifty day moving average price is $9.10 and its 200-day moving average price is $9.13.

DWS Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Wednesday, May 20th will be issued a $0.061 dividend. The ex-dividend date is Wednesday, May 20th. This represents a c) annualized dividend and a yield of 8.1%.

Institutional Investors Weigh In On DWS Municipal Income Trust

Hedge funds have recently added to or reduced their stakes in the stock. Focus Partners Wealth bought a new position in shares of DWS Municipal Income Trust during the 4th quarter valued at $2,973,000. Citadel Advisors LLC bought a new stake in shares of DWS Municipal Income Trust in the third quarter worth $582,000. LPL Financial LLC increased its position in DWS Municipal Income Trust by 11.7% during the fourth quarter. LPL Financial LLC now owns 553,077 shares of the investment management company’s stock valued at $5,027,000 after acquiring an additional 58,031 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in DWS Municipal Income Trust in the second quarter valued at about $503,000. Finally, Sit Investment Associates Inc. lifted its holdings in DWS Municipal Income Trust by 0.5% in the fourth quarter. Sit Investment Associates Inc. now owns 9,883,177 shares of the investment management company’s stock valued at $89,838,000 after acquiring an additional 51,032 shares during the period. 57.71% of the stock is currently owned by hedge funds and other institutional investors.

DWS Municipal Income Trust Company Profile

DWS Municipal Income Trust (NYSE: KTF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax. Established in 2002, the fund is managed by DWS Group, a global asset management firm and affiliate of Deutsche Bank, and trades on the New York Stock Exchange under the ticker symbol KTF. Its structure allows investors access to a diversified portfolio of municipal securities with the potential for tax-advantaged income distributions.

The trust’s investment strategy focuses primarily on investment-grade municipal bonds issued by U.S.