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

Shares of DWS Municipal Income Trust (NYSE:KTF) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.78 and traded as low as $9.59. DWS Municipal Income Trust shares last traded at $9.64, with a volume of 91,059 shares changing hands.

DWS Municipal Income Trust Stock Performance

The company has a 50 day simple moving average of $9.63 and a 200 day simple moving average of $9.78.

DWS Municipal Income Trust Increases Dividend

The firm also recently declared a — dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were issued a $0.061 dividend. This is a positive change from DWS Municipal Income Trust’s previous — dividend of $0.02. The ex-dividend date was Tuesday, January 21st. This represents a yield of 7.7%.

Institutional Investors Weigh In On DWS Municipal Income Trust

Several institutional investors have recently bought and sold shares of KTF. HighTower Advisors LLC lifted 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 valued at $135,000 after acquiring an additional 2,135 shares in the last quarter. Integrated Capital Management Inc. raised its position in DWS Municipal Income Trust by 17.0% in the fourth quarter. Integrated Capital Management Inc. now owns 23,715 shares of the investment management company’s stock valued at $224,000 after purchasing an additional 3,454 shares during the period. US Bancorp DE acquired a new position in shares of DWS Municipal Income Trust during the third quarter worth about $80,000. Park Avenue Securities LLC boosted its position in shares of DWS Municipal Income Trust by 10.6% in the fourth quarter. Park Avenue Securities LLC now owns 113,646 shares of the investment management company’s stock worth $1,074,000 after buying an additional 10,885 shares during the period. Finally, Walleye Capital LLC purchased a new stake in shares of DWS Municipal Income Trust in the third quarter worth about $114,000. 57.71% of the stock is currently owned by hedge funds and other institutional investors.

DWS Municipal Income Trust Company 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.