LPL Financial LLC lessened its holdings in shares of DWS Municipal Income Trust (NYSE:KTF) by 20.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,762 shares of the investment management company’s stock after selling 17,728 shares during the quarter. LPL Financial LLC’s holdings in DWS Municipal Income Trust were worth $698,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Keybank National Association OH acquired a new stake in DWS Municipal Income Trust during the 3rd quarter worth approximately $107,000. SG Americas Securities LLC acquired a new stake in DWS Municipal Income Trust during the 3rd quarter worth approximately $110,000. Virtu Financial LLC acquired a new stake in DWS Municipal Income Trust during the 4th quarter worth approximately $130,000. Envestnet Asset Management Inc. acquired a new stake in DWS Municipal Income Trust during the 3rd quarter worth approximately $219,000. Finally, Element Pointe Advisors LLC acquired a new stake in DWS Municipal Income Trust during the 4th quarter worth approximately $282,000. 18.99% of the stock is owned by hedge funds and other institutional investors.

KTF opened at $10.92 on Thursday. DWS Municipal Income Trust has a 1 year low of $10.08 and a 1 year high of $11.25.

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 29th. Shareholders of record on Monday, March 18th will be given a $0.0425 dividend. This represents a $0.51 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend is Friday, March 15th.

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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.

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Institutional Ownership by Quarter for DWS Municipal Income Trust (NYSE:KTF)

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