Park Avenue Securities LLC Cuts Position in DWS Municipal Income Trust (NYSE:KTF)

Park Avenue Securities LLC lowered its holdings in DWS Municipal Income Trust (NYSE:KTF) by 3.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 102,761 shares of the investment management company’s stock after selling 3,722 shares during the quarter. Park Avenue Securities LLC owned 0.26% of DWS Municipal Income Trust worth $1,025,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Bulldog Investors LLP increased its holdings in shares of DWS Municipal Income Trust by 172.0% in the 4th quarter. Bulldog Investors LLP now owns 1,306,877 shares of the investment management company’s stock valued at $11,618,000 after purchasing an additional 826,493 shares in the last quarter. Robinson Capital Management LLC purchased a new position in DWS Municipal Income Trust in the first quarter valued at about $2,972,000. City of London Investment Management Co. Ltd. increased its holdings in DWS Municipal Income Trust by 205.8% in the first quarter. City of London Investment Management Co. Ltd. now owns 397,265 shares of the investment management company’s stock valued at $3,587,000 after buying an additional 267,336 shares in the last quarter. HB Wealth Management LLC acquired a new stake in shares of DWS Municipal Income Trust during the 2nd quarter valued at approximately $1,420,000. Finally, Logan Stone Capital LLC boosted its stake in shares of DWS Municipal Income Trust by 17.7% during the 2nd 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 in the last quarter. 57.71% of the stock is currently owned by hedge funds and other institutional investors.

DWS Municipal Income Trust Stock Up 0.4 %

NYSE KTF opened at $10.02 on Wednesday. The business has a 50 day moving average price of $9.84 and a 200 day moving average price of $9.59. DWS Municipal Income Trust has a 1-year low of $7.40 and a 1-year high of $10.09.

DWS Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a $0.061 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.31%. The ex-dividend date is Thursday, October 17th.

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.