DWS Municipal Income Trust (NYSE:KTF) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

DWS Municipal Income Trust (NYSE:KTF)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.72 and traded as low as $9.30. DWS Municipal Income Trust shares last traded at $9.36, with a volume of 151,912 shares changing hands.

DWS Municipal Income Trust Price Performance

The firm has a fifty day moving average of $9.52 and a 200 day moving average of $9.72.

DWS Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were issued a dividend of $0.061 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.82%. The ex-dividend date was Thursday, March 20th.

Institutional Investors Weigh In On DWS Municipal Income Trust

A number of large investors have recently added to or reduced their stakes in KTF. Navigoe LLC bought a new stake in shares of DWS Municipal Income Trust during the 4th quarter valued at about $63,000. Elequin Capital LP purchased a new position in shares of DWS Municipal Income Trust in the fourth quarter worth approximately $68,000. Optimum Investment Advisors bought a new stake in DWS Municipal Income Trust during the fourth quarter valued at approximately $76,000. Mariner LLC purchased a new stake in DWS Municipal Income Trust during the fourth quarter valued at approximately $102,000. Finally, Walleye Capital LLC bought a new position in DWS Municipal Income Trust in the third quarter worth approximately $114,000. Institutional investors own 57.71% of the company’s stock.

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.