Van ECK Associates Corp Sells 24,193 Shares of DWS Municipal Income Trust (NYSE:KTF)

Van ECK Associates Corp reduced its position in DWS Municipal Income Trust (NYSE:KTF) by 10.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 201,256 shares of the investment management company’s stock after selling 24,193 shares during the quarter. Van ECK Associates Corp owned about 0.51% of DWS Municipal Income Trust worth $1,902,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Park Avenue Securities LLC boosted its position in shares of DWS Municipal Income Trust by 10.6% in the fourth quarter. Park Avenue Securities LLC now owns 113,646 shares of the investment management company’s stock valued at $1,074,000 after acquiring an additional 10,885 shares during the period. HighTower Advisors LLC boosted its position in shares of 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 period. Hennion & Walsh Asset Management Inc. boosted its position in shares of DWS Municipal Income Trust by 17.6% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 570,351 shares of the investment management company’s stock valued at $5,390,000 after acquiring an additional 85,515 shares during the period. US Bancorp DE bought a new position in shares of DWS Municipal Income Trust in the third quarter valued at approximately $80,000. Finally, Transform Wealth LLC purchased a new stake in DWS Municipal Income Trust in the fourth quarter valued at approximately $546,000. 57.71% of the stock is currently owned by institutional investors.

DWS Municipal Income Trust Stock Down 0.4 %

Shares of KTF opened at $9.64 on Friday. The firm’s 50 day simple moving average is $9.54 and its 200 day simple moving average is $9.77. DWS Municipal Income Trust has a 1-year low of $8.87 and a 1-year high of $10.22.

DWS Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 20th will be paid a $0.061 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date of this dividend is Thursday, February 20th.

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.