DWS Municipal Income Trust (KTF) Reaches New 1-Year High at $11.27

Shares of DWS Municipal Income Trust (NYSE:KTF) reached a new 52-week high during trading on Wednesday . The stock traded as high as $11.27 and last traded at $11.26, with a volume of 29599 shares trading hands. The stock had previously closed at $11.24.

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were issued a $0.0425 dividend. The ex-dividend date was Friday, April 12th. This represents a $0.51 annualized dividend and a dividend yield of 4.55%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates lifted its holdings in shares of DWS Municipal Income Trust by 54.8% in the 4th quarter. Raymond James & Associates now owns 211,515 shares of the investment management company’s stock valued at $2,179,000 after buying an additional 74,835 shares during the period. Wakefield Asset Management LLLP lifted its holdings in shares of DWS Municipal Income Trust by 12.1% in the 4th quarter. Wakefield Asset Management LLLP now owns 145,146 shares of the investment management company’s stock valued at $1,495,000 after buying an additional 15,655 shares during the period. Van ECK Associates Corp lifted its holdings in shares of DWS Municipal Income Trust by 13.9% in the 4th quarter. Van ECK Associates Corp now owns 156,934 shares of the investment management company’s stock valued at $1,616,000 after buying an additional 19,183 shares during the period. Robinson Capital Management LLC acquired a new stake in shares of DWS Municipal Income Trust in the 1st quarter valued at approximately $7,784,000. Finally, Dakota Wealth Management acquired a new stake in shares of DWS Municipal Income Trust in the 4th quarter valued at approximately $352,000. 20.94% of the stock is owned by institutional investors and hedge funds.

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About DWS Municipal Income Trust (NYSE:KTF)

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.

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