DWS Municipal Income Trust (NYSE:KTF) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

DWS Municipal Income Trust (NYSE:KTF) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.75 and traded as low as $9.34. DWS Municipal Income Trust shares last traded at $9.39, with a volume of 185,337 shares changing hands.

DWS Municipal Income Trust Stock Up 0.0 %

The company has a 50 day simple moving average of $9.54 and a 200-day simple moving average of $9.75.

DWS Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be given a dividend of $0.061 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date of this dividend is Thursday, March 20th.

Institutional Investors Weigh In On DWS Municipal Income Trust

Several institutional investors have recently bought and sold shares of KTF. Navigoe LLC bought a new stake in DWS Municipal Income Trust during the fourth quarter worth $63,000. Elequin Capital LP bought a new stake in DWS Municipal Income Trust during the fourth quarter worth $68,000. Optimum Investment Advisors bought a new position in DWS Municipal Income Trust in the 4th quarter valued at $76,000. Mariner LLC bought a new position in DWS Municipal Income Trust in the 4th quarter valued at $102,000. Finally, Walleye Capital LLC bought a new position in DWS Municipal Income Trust in the 3rd quarter valued at $114,000. Institutional investors own 57.71% of the company’s stock.

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.