Optimum Investment Advisors Makes New $76,000 Investment in DWS Municipal Income Trust (NYSE:KTF)

Optimum Investment Advisors purchased a new position in DWS Municipal Income Trust (NYSE:KTF) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,000 shares of the investment management company’s stock, valued at approximately $76,000.

Several other institutional investors have also modified their holdings of the business. Walleye Capital LLC acquired a new position in shares of DWS Municipal Income Trust during the third quarter worth $114,000. HighTower Advisors LLC boosted its stake in DWS Municipal Income Trust by 18.5% in the third 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. Axxcess Wealth Management LLC acquired a new position in DWS Municipal Income Trust in the fourth quarter valued at $213,000. Integrated Capital Management Inc. boosted its stake 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 acquiring an additional 3,454 shares in the last quarter. Finally, Transform Wealth LLC acquired a new position in DWS Municipal Income Trust in the fourth quarter valued at $546,000. Institutional investors and hedge funds own 57.71% of the company’s stock.

DWS Municipal Income Trust Stock Performance

NYSE KTF opened at $9.37 on Monday. The company has a fifty day moving average of $9.53 and a two-hundred day moving average of $9.74. DWS Municipal Income Trust has a 1 year low of $8.92 and a 1 year high of $10.22.

DWS Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be issued a $0.061 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.82%.

DWS Municipal Income Trust 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.