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

DWS Municipal Income Trust (NYSE:KTF) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.72 and traded as low as $9.30. DWS Municipal Income Trust shares last traded at $9.36, with a volume of 151,912 shares changing hands.

DWS Municipal Income Trust Trading Down 0.3 %

The firm’s 50-day moving average is $9.52 and its 200 day moving average is $9.71.

DWS Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were issued a dividend of $0.061 per share. The ex-dividend date was Thursday, March 20th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.80%.

Institutional Trading of DWS Municipal Income Trust

A number of institutional investors and hedge funds have recently bought and sold shares of KTF. Elequin Capital LP bought a new stake in shares of DWS Municipal Income Trust in the 4th quarter valued at about $68,000. Bulldog Investors LLP boosted its holdings in DWS Municipal Income Trust by 97.5% in the fourth quarter. Bulldog Investors LLP now owns 454,618 shares of the investment management company’s stock valued at $4,296,000 after acquiring an additional 224,466 shares during the last quarter. Navigoe LLC bought a new stake in DWS Municipal Income Trust in the fourth quarter valued at approximately $63,000. Kovitz Investment Group Partners LLC increased its position in DWS Municipal Income Trust by 83.0% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 292,821 shares of the investment management company’s stock valued at $2,767,000 after purchasing an additional 132,813 shares during the period. Finally, 1607 Capital Partners LLC raised its holdings in DWS Municipal Income Trust by 5.4% during the 4th quarter. 1607 Capital Partners LLC now owns 1,409,479 shares of the investment management company’s stock worth $13,320,000 after purchasing an additional 72,095 shares during the last quarter. 57.71% of the stock is currently owned by institutional investors and hedge funds.

About DWS Municipal Income Trust

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.