Raymond James Financial Services Advisors Inc. increased its position in shares of DWS Strategic Municiple Income Trust (NYSE:KSM) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,625 shares of the investment management company’s stock after acquiring an additional 6 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.10% of DWS Strategic Municiple Income Trust worth $145,000 as of its most recent filing with the SEC.

Separately, Wells Fargo & Company MN boosted its position in DWS Strategic Municiple Income Trust by 21.5% during the second quarter. Wells Fargo & Company MN now owns 56,902 shares of the investment management company’s stock worth $710,000 after acquiring an additional 10,080 shares during the last quarter. 5.61% of the stock is currently owned by institutional investors.

Shares of DWS Strategic Municiple Income Trust (NYSE:KSM) opened at $11.95 on Wednesday. DWS Strategic Municiple Income Trust has a 1 year low of $11.81 and a 1 year high of $13.11.

The company also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 20th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a yield of 5.02%.

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About DWS Strategic Municiple Income Trust

Deutsche Strategic Municipal Income Trust (the Fund) is a closed-end, diversified management investment company. Its investment objective is to provide a high level of current income exempt from federal income tax. The Fund intends to invest at least 50% of its assets in investment-grade or unrated municipal securities of comparable quality and may invest up to 50% of its assets in high-yield municipal securities that are below investment grade.

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Institutional Ownership by Quarter for DWS Strategic Municiple Income Trust (NYSE:KSM)

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