DWS Strategic Municipal Income Trust (NYSE:KSM) Director John W. Ballantine acquired 2,335 shares of DWS Strategic Municipal Income Trust stock in a transaction on Friday, August 9th. The stock was purchased at an average cost of $12.26 per share, for a total transaction of $28,627.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

NYSE:KSM traded up $0.10 during trading hours on Tuesday, reaching $12.34. The stock had a trading volume of 302 shares, compared to its average volume of 40,261. DWS Strategic Municipal Income Trust has a 52 week low of $10.03 and a 52 week high of $12.60. The company’s 50 day moving average price is $11.95.

A number of large investors have recently added to or reduced their stakes in KSM. Advisor Group Inc. boosted its holdings in shares of DWS Strategic Municipal Income Trust by 92.2% in the 4th quarter. Advisor Group Inc. now owns 3,145 shares of the investment management company’s stock worth $33,000 after purchasing an additional 1,509 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of DWS Strategic Municipal Income Trust by 7.2% in the 1st quarter. Park Avenue Securities LLC now owns 22,177 shares of the investment management company’s stock worth $250,000 after purchasing an additional 1,492 shares during the period. Raymond James & Associates purchased a new position in shares of DWS Strategic Municipal Income Trust in the 4th quarter worth approximately $141,000. Envestnet Asset Management Inc. boosted its holdings in shares of DWS Strategic Municipal Income Trust by 10.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 47,111 shares of the investment management company’s stock worth $560,000 after purchasing an additional 4,483 shares during the period. Finally, Coastal Investment Advisors Inc. purchased a new position in shares of DWS Strategic Municipal Income Trust in the 2nd quarter worth approximately $71,000. 8.12% of the stock is currently owned by institutional investors and hedge funds.

DWS Strategic Municipal Income Trust Company Profile

Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc The fund invests in the fixed income markets of the United States. It primarily invests investment grade or unrated municipal securities of comparable quality, as well as in high-yield municipal securities that are below investment grade.

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