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

DWS Municipal Income Trust (NYSE:KTF) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.79 and traded as low as $9.43. DWS Municipal Income Trust shares last traded at $9.51, with a volume of 90,870 shares traded.

DWS Municipal Income Trust Stock Up 0.6 %

The stock’s fifty day moving average price is $9.81 and its 200 day moving average price is $9.79.

DWS Municipal Income Trust Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be issued a dividend of $0.0156 per share. This represents a dividend yield of 7.6%. The ex-dividend date is Monday, December 30th.

Institutional Investors Weigh In On DWS Municipal Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KTF. Kovitz Investment Group Partners LLC purchased a new position in DWS Municipal Income Trust during the 3rd quarter valued at about $1,595,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of DWS Municipal Income Trust by 28.0% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 484,836 shares of the investment management company’s stock valued at $4,834,000 after acquiring an additional 106,180 shares in the last quarter. Logan Stone Capital LLC lifted its stake in DWS Municipal Income Trust by 17.7% in the second quarter. Logan Stone Capital LLC now owns 653,273 shares of the investment management company’s stock worth $6,186,000 after acquiring an additional 98,334 shares during the period. Whitebox Advisors LLC bought a new stake in DWS Municipal Income Trust in the second quarter valued at $597,000. Finally, Dakota Wealth Management increased its position in DWS Municipal Income Trust by 259.0% during the 3rd quarter. Dakota Wealth Management now owns 35,900 shares of the investment management company’s stock valued at $358,000 after purchasing an additional 25,900 shares during the period. 57.71% of the stock is currently owned by institutional investors.

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.