Robinson Capital Management LLC Has $1.42 Million Holdings in DWS Strategic Municipal Income Trust (NYSE:KSM)

Robinson Capital Management LLC boosted its stake in shares of DWS Strategic Municipal Income Trust (NYSE:KSM) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,121 shares of the investment management company’s stock after purchasing an additional 4,203 shares during the quarter. Robinson Capital Management LLC owned 1.06% of DWS Strategic Municipal Income Trust worth $1,415,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in shares of DWS Strategic Municipal Income Trust by 40.8% in the 2nd quarter. Morgan Stanley now owns 21,224 shares of the investment management company’s stock valued at $252,000 after buying an additional 6,147 shares in the last quarter. Coastal Investment Advisors Inc. raised its stake in shares of DWS Strategic Municipal Income Trust by 101.4% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 12,000 shares of the investment management company’s stock valued at $143,000 after buying an additional 6,041 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of DWS Strategic Municipal Income Trust by 21.5% in the 4th quarter. Park Avenue Securities LLC now owns 34,057 shares of the investment management company’s stock valued at $405,000 after buying an additional 6,032 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of DWS Strategic Municipal Income Trust by 8.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 51,316 shares of the investment management company’s stock valued at $612,000 after buying an additional 4,205 shares in the last quarter. Finally, Camelot Portfolios LLC raised its stake in shares of DWS Strategic Municipal Income Trust by 8.8% in the 4th quarter. Camelot Portfolios LLC now owns 28,637 shares of the investment management company’s stock valued at $340,000 after buying an additional 2,310 shares in the last quarter. Hedge funds and other institutional investors own 7.82% of the company’s stock.

Shares of KSM stock traded down $0.08 during mid-day trading on Friday, reaching $12.22. The company’s stock had a trading volume of 500 shares, compared to its average volume of 19,130. DWS Strategic Municipal Income Trust has a 1-year low of $10.89 and a 1-year high of $12.77. The firm’s 50-day moving average is $12.08 and its two-hundred day moving average is $12.08.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a $0.0425 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Friday, February 14th.

DWS Strategic Municipal Income Trust Profile

Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc The fund invests in the fixed income markets of the United States. It primarily invests investment grade or unrated municipal securities of comparable quality, as well as in high-yield municipal securities that are below investment grade.

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Institutional Ownership by Quarter for DWS Strategic Municipal Income Trust (NYSE:KSM)

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