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

DWS Municipal Income Trust (NYSE:KTF)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.10 and traded as low as $8.84. DWS Municipal Income Trust shares last traded at $8.9350, with a volume of 282,681 shares changing hands.

DWS Municipal Income Trust Trading Down 0.2%

The firm’s 50-day moving average is $9.11 and its two-hundred day moving average is $9.10.

DWS Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 22nd were issued a dividend of $0.061 per share. The ex-dividend date was Wednesday, July 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

Institutional Investors Weigh In On DWS Municipal Income Trust

A number of large investors have recently bought and sold shares of the business. Sit Investment Associates Inc. raised its holdings in DWS Municipal Income Trust by 0.5% during the fourth quarter. Sit Investment Associates Inc. now owns 9,883,177 shares of the investment management company’s stock valued at $89,838,000 after buying an additional 51,032 shares in the last quarter. LPL Financial LLC increased its holdings in shares of DWS Municipal Income Trust by 11.7% during the 4th quarter. LPL Financial LLC now owns 553,077 shares of the investment management company’s stock valued at $5,027,000 after acquiring an additional 58,031 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of DWS Municipal Income Trust by 162.5% during the 1st quarter. Bank of America Corp DE now owns 463,366 shares of the investment management company’s stock valued at $4,217,000 after acquiring an additional 286,839 shares during the last quarter. Focus Partners Wealth bought a new position in shares of DWS Municipal Income Trust in the 4th quarter valued at approximately $2,973,000. Finally, Van ECK Associates Corp lifted its holdings in DWS Municipal Income Trust by 14.9% in the 4th quarter. Van ECK Associates Corp now owns 229,185 shares of the investment management company’s stock worth $2,083,000 after purchasing an additional 29,752 shares during the last quarter. 57.71% of the stock is currently owned by institutional investors.

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.