DWS Municipal Income Trust (NYSE:KTF) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of DWS Municipal Income Trust (NYSE:KTF) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.11 and traded as low as $9.09. DWS Municipal Income Trust shares last traded at $9.1510, with a volume of 62,525 shares traded.

DWS Municipal Income Trust Price Performance

The business’s 50 day moving average is $9.06 and its 200 day moving average is $9.11.

DWS Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Wednesday, May 20th were given a dividend of $0.061 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a c) dividend on an annualized basis and a yield of 8.0%.

Institutional Trading of DWS Municipal Income Trust

Several institutional investors and hedge funds have recently bought and sold shares of KTF. Kestra Advisory Services LLC acquired a new stake in DWS Municipal Income Trust during the 4th quarter valued at approximately $25,000. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in DWS Municipal Income Trust during the 4th quarter valued at approximately $89,000. GM Advisory Group LLC acquired a new stake in DWS Municipal Income Trust during the 4th quarter valued at approximately $93,000. Thrivent Financial for Lutherans acquired a new stake in DWS Municipal Income Trust during the 3rd quarter valued at approximately $107,000. Finally, Savvy Advisors Inc. acquired a new position in shares of DWS Municipal Income Trust in the 3rd quarter valued at $153,000. 57.71% of the stock is currently owned by institutional investors and hedge funds.

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.