Bank of New York Mellon Corp Has $745,000 Position in DWS Municipal Income Trust (NYSE:KTF)

Bank of New York Mellon Corp increased its stake in shares of DWS Municipal Income Trust (NYSE:KTF) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,626 shares of the investment management company’s stock after purchasing an additional 1,689 shares during the period. Bank of New York Mellon Corp owned approximately 0.20% of DWS Municipal Income Trust worth $745,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Dakota Wealth Management acquired a new position in DWS Municipal Income Trust during the 2nd quarter worth approximately $95,000. Gridiron Partners LLC acquired a new position in shares of DWS Municipal Income Trust in the 4th quarter valued at approximately $136,000. Flow State Investments L.P. acquired a new stake in shares of DWS Municipal Income Trust in the 4th quarter valued at $161,000. Integrated Capital Management Inc. grew its holdings in shares of DWS Municipal Income Trust by 9.7% during the 2nd quarter. Integrated Capital Management Inc. now owns 20,357 shares of the investment management company’s stock valued at $193,000 after purchasing an additional 1,792 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new position in DWS Municipal Income Trust in the second quarter valued at about $236,000. Institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Stock Down 0.3 %

KTF stock opened at $9.93 on Monday. The company has a fifty day moving average price of $9.77 and a 200-day moving average price of $9.52. DWS Municipal Income Trust has a 52-week low of $7.40 and a 52-week high of $10.09.

DWS Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 19th will be paid a dividend of $0.061 per share. This represents a $0.73 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date of this dividend is Thursday, September 19th.

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.