River Street Advisors LLC Makes New Investment in DWS Municipal Income Trust $KTF

River Street Advisors LLC purchased a new position in shares of DWS Municipal Income Trust (NYSE:KTF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,940 shares of the investment management company’s stock, valued at approximately $97,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CX Institutional purchased a new stake in DWS Municipal Income Trust during the 1st quarter worth approximately $107,000. XTX Topco Ltd acquired a new position in shares of DWS Municipal Income Trust in the first quarter worth $134,000. Invesco Ltd. increased its position in shares of DWS Municipal Income Trust by 5.3% during the first quarter. Invesco Ltd. now owns 24,999 shares of the investment management company’s stock worth $234,000 after acquiring an additional 1,263 shares during the period. Camelot Portfolios LLC raised its stake in shares of DWS Municipal Income Trust by 3.4% in the second quarter. Camelot Portfolios LLC now owns 39,284 shares of the investment management company’s stock valued at $347,000 after acquiring an additional 1,303 shares in the last quarter. Finally, Graham Capital Wealth Management LLC acquired a new stake in shares of DWS Municipal Income Trust in the first quarter valued at $410,000. Hedge funds and other institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Price Performance

KTF opened at $9.20 on Friday. The business has a fifty day moving average price of $8.87 and a 200 day moving average price of $8.93. DWS Municipal Income Trust has a 12 month low of $8.48 and a 12 month high of $10.22.

DWS Municipal Income Trust Dividend Announcement

The company also recently announced a sep 25 dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were paid a dividend of $0.061 per share. This represents a dividend yield of 800.0%. The ex-dividend date was Friday, September 19th.

DWS Municipal Income Trust Company Profile

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.