DWS Municipal Income Trust (NYSE:KTF) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

DWS Municipal Income Trust (NYSE:KTF) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.09 and traded as low as $8.76. DWS Municipal Income Trust shares last traded at $8.7950, with a volume of 173,809 shares.

DWS Municipal Income Trust Trading Down 0.4%

The company’s fifty day simple moving average is $9.05 and its 200 day simple moving average is $9.09.

DWS Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be paid a dividend of $0.061 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date is Wednesday, August 19th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Oppenheimer & Co. Inc. boosted its holdings in shares of DWS Municipal Income Trust by 9.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 21,442 shares of the investment management company’s stock worth $195,000 after purchasing an additional 1,840 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of DWS Municipal Income Trust by 44.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,214 shares of the investment management company’s stock valued at $66,000 after purchasing an additional 2,215 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of DWS Municipal Income Trust during the 4th quarter valued at about $25,000. Osaic Holdings Inc. lifted its position in DWS Municipal Income Trust by 15.7% in the 2nd quarter. Osaic Holdings Inc. now owns 21,403 shares of the investment management company’s stock worth $189,000 after buying an additional 2,902 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its position in DWS Municipal Income Trust by 10.2% in the 4th quarter. Wedbush Securities Inc. now owns 77,244 shares of the investment management company’s stock worth $702,000 after buying an additional 7,177 shares during the last quarter. 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.