US Bancorp DE Buys New Shares in DWS Municipal Income Trust (NYSE:KTF)

US Bancorp DE bought a new stake in DWS Municipal Income Trust (NYSE:KTF) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,053 shares of the investment management company’s stock, valued at approximately $80,000.

A number of other large investors also recently made changes to their positions in the business. Rothschild Investment LLC bought a new stake in shares of DWS Municipal Income Trust in the second quarter valued at about $848,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of DWS Municipal Income Trust by 28.0% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 484,836 shares of the investment management company’s stock worth $4,834,000 after purchasing an additional 106,180 shares in the last quarter. HB Wealth Management LLC bought a new stake in shares of DWS Municipal Income Trust during the second quarter valued at approximately $1,420,000. Logan Stone Capital LLC raised its stake in shares of 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 purchasing an additional 98,334 shares in the last quarter. Finally, Whitebox Advisors LLC bought a new position in DWS Municipal Income Trust in the second quarter worth $597,000. Institutional investors and hedge funds own 57.71% of the company’s stock.

DWS Municipal Income Trust Price Performance

Shares of DWS Municipal Income Trust stock opened at $9.95 on Friday. The company’s fifty day moving average price is $9.94 and its two-hundred day moving average price is $9.71. DWS Municipal Income Trust has a 52-week low of $8.27 and a 52-week high of $10.22.

DWS Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Wednesday, November 20th will be given a $0.061 dividend. This represents a $0.73 annualized dividend and a yield of 7.36%. The ex-dividend date is Wednesday, November 20th.

DWS Municipal Income Trust Company 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.