Gridiron Partners LLC Increases Stock Holdings in DWS Municipal Income Trust $KTF

Gridiron Partners LLC boosted its stake in DWS Municipal Income Trust (NYSE:KTF) by 3,970.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 425,178 shares of the investment management company’s stock after acquiring an additional 414,733 shares during the quarter. Gridiron Partners LLC’s holdings in DWS Municipal Income Trust were worth $39,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KTF. Invesco Ltd. increased its stake in DWS Municipal Income Trust by 5.3% during the 1st quarter. Invesco Ltd. now owns 24,999 shares of the investment management company’s stock worth $234,000 after buying an additional 1,263 shares during the period. Nuveen LLC bought a new stake in shares of DWS Municipal Income Trust in the first quarter worth $741,000. 1607 Capital Partners LLC raised its holdings in DWS Municipal Income Trust by 4.8% in the first quarter. 1607 Capital Partners LLC now owns 1,476,480 shares of the investment management company’s stock valued at $13,849,000 after acquiring an additional 67,001 shares in the last quarter. Dakota Wealth Management boosted its stake in DWS Municipal Income Trust by 50.3% during the 2nd quarter. Dakota Wealth Management now owns 114,061 shares of the investment management company’s stock valued at $1,008,000 after acquiring an additional 38,148 shares during the last quarter. Finally, Camelot Portfolios LLC grew its holdings in DWS Municipal Income Trust by 3.4% during the 2nd quarter. Camelot Portfolios LLC now owns 39,284 shares of the investment management company’s stock worth $347,000 after acquiring an additional 1,303 shares in the last quarter. Hedge funds and other institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Price Performance

Shares of DWS Municipal Income Trust stock opened at $9.03 on Tuesday. The business has a 50-day moving average price of $9.18 and a 200 day moving average price of $8.97. DWS Municipal Income Trust has a fifty-two week low of $8.48 and a fifty-two week high of $9.77.

DWS Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th will be issued a dividend of $0.0333 per share. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a c) annualized dividend and a dividend yield of 4.4%.

DWS Municipal Income Trust Company Profile

DWS Municipal Income Trust (NYSE: KTF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax. Established in 2002, the fund is managed by DWS Group, a global asset management firm and affiliate of Deutsche Bank, and trades on the New York Stock Exchange under the ticker symbol KTF. Its structure allows investors access to a diversified portfolio of municipal securities with the potential for tax-advantaged income distributions.

The trust’s investment strategy focuses primarily on investment-grade municipal bonds issued by U.S.