Bulldog Investors LLP Sells 194,324 Shares of DWS Municipal Income Trust $KTF

Bulldog Investors LLP reduced its position in DWS Municipal Income Trust (NYSE:KTF) by 67.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,604 shares of the investment management company’s stock after selling 194,324 shares during the quarter. Bulldog Investors LLP’s holdings in DWS Municipal Income Trust were worth $849,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Gridiron Partners LLC raised its holdings in shares of DWS Municipal Income Trust by 3,970.6% during the 3rd quarter. Gridiron Partners LLC now owns 425,178 shares of the investment management company’s stock valued at $39,000 after buying an additional 414,733 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in DWS Municipal Income Trust in the third quarter worth approximately $107,000. Savvy Advisors Inc. bought a new position in DWS Municipal Income Trust during the third quarter valued at approximately $153,000. Osaic Holdings Inc. grew its position in DWS Municipal Income Trust by 15.7% during the second quarter. Osaic Holdings Inc. now owns 21,403 shares of the investment management company’s stock valued at $189,000 after acquiring an additional 2,902 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in shares of DWS Municipal Income Trust during the second quarter worth approximately $212,000. 57.71% of the stock is currently owned by institutional investors.

DWS Municipal Income Trust Stock Performance

Shares of KTF opened at $9.14 on Friday. DWS Municipal Income Trust has a fifty-two week low of $8.48 and a fifty-two week high of $9.50. The firm has a 50 day moving average price of $9.15 and a 200-day moving average price of $9.14.

DWS Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be given a $0.061 dividend. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date is Friday, March 20th.

About DWS Municipal Income Trust

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.