DWS Municipal Income Trust (NYSE:KTF) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its position in DWS Municipal Income Trust (NYSE:KTF) by 10.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,646 shares of the investment management company’s stock after acquiring an additional 10,885 shares during the quarter. Park Avenue Securities LLC owned 0.29% of DWS Municipal Income Trust worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its holdings 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 during the last quarter. US Bancorp DE acquired a new position in DWS Municipal Income Trust in the third quarter valued at $80,000. Kovitz Investment Group Partners LLC acquired a new position in DWS Municipal Income Trust in the third quarter valued at $1,595,000. Hennion & Walsh Asset Management Inc. boosted its holdings in DWS Municipal Income Trust by 28.0% in 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 during the last quarter. Finally, Logan Stone Capital LLC boosted its holdings 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 valued at $6,186,000 after acquiring an additional 98,334 shares during the last quarter. Institutional investors and hedge funds own 57.71% of the company’s stock.

DWS Municipal Income Trust Trading Up 0.5 %

Shares of DWS Municipal Income Trust stock opened at $9.50 on Tuesday. DWS Municipal Income Trust has a twelve month low of $8.72 and a twelve month high of $10.22. The business’s fifty day moving average price is $9.73 and its 200 day moving average price is $9.79.

DWS Municipal Income Trust Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st will be given a $0.061 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This is a positive change from DWS Municipal Income Trust’s previous — dividend of $0.02. This represents a yield of 7.7%.

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.