Optimum Investment Advisors Sells 2,000 Shares of DWS Municipal Income Trust $KTF

Optimum Investment Advisors trimmed its stake in shares of DWS Municipal Income Trust (NYSE:KTF) by 25.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,000 shares of the investment management company’s stock after selling 2,000 shares during the quarter. Optimum Investment Advisors’ holdings in DWS Municipal Income Trust were worth $53,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of KTF. Sit Investment Associates Inc. grew its position in DWS Municipal Income Trust by 3.4% during the 1st quarter. Sit Investment Associates Inc. now owns 9,279,098 shares of the investment management company’s stock worth $87,038,000 after acquiring an additional 301,804 shares during the last quarter. Nuveen LLC bought a new position in DWS Municipal Income Trust during the 1st quarter worth approximately $741,000. 1607 Capital Partners LLC grew its position in DWS Municipal Income Trust by 4.8% during the 1st quarter. 1607 Capital Partners LLC now owns 1,476,480 shares of the investment management company’s stock worth $13,849,000 after acquiring an additional 67,001 shares during the last quarter. Graham Capital Wealth Management LLC bought a new position in DWS Municipal Income Trust during the 1st quarter worth approximately $410,000. Finally, Dakota Wealth Management grew its position in DWS Municipal Income Trust by 105.7% during the 1st quarter. Dakota Wealth Management now owns 75,913 shares of the investment management company’s stock worth $712,000 after acquiring an additional 39,013 shares during the last quarter. 57.71% of the stock is currently owned by institutional investors.

DWS Municipal Income Trust Stock Performance

KTF opened at $9.23 on Monday. The stock’s 50 day simple moving average is $9.05 and its 200 day simple moving average is $8.92. DWS Municipal Income Trust has a 1 year low of $8.48 and a 1 year high of $10.10.

DWS Municipal Income Trust Announces Dividend

The firm also recently disclosed a oct 25 dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 20th will be given a $0.061 dividend. This represents a dividend yield of 796.0%. The ex-dividend date is Monday, October 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.