Motco Acquires Shares of 3,600 DWS Municipal Income Trust $KTF

Motco acquired a new stake in shares of DWS Municipal Income Trust (NYSE:KTF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,600 shares of the investment management company’s stock, valued at approximately $31,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of KTF. Envestnet Asset Management Inc. raised its stake in DWS Municipal Income Trust by 14.2% during the first quarter. Envestnet Asset Management Inc. now owns 141,831 shares of the investment management company’s stock valued at $1,330,000 after buying an additional 17,605 shares in the last quarter. Dakota Wealth Management raised its stake in DWS Municipal Income Trust by 105.7% during the first quarter. Dakota Wealth Management now owns 75,913 shares of the investment management company’s stock valued at $712,000 after buying an additional 39,013 shares in the last quarter. Graham Capital Wealth Management LLC bought a new position in shares of DWS Municipal Income Trust during the first quarter valued at approximately $410,000. XTX Topco Ltd bought a new position in shares of DWS Municipal Income Trust during the first quarter valued at approximately $134,000. Finally, Invesco Ltd. grew its holdings 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 valued at $234,000 after purchasing an additional 1,263 shares during the last quarter. Institutional investors and hedge funds own 57.71% of the company’s stock.

DWS Municipal Income Trust Stock Up 0.1%

NYSE:KTF opened at $9.18 on Friday. The stock has a 50 day moving average of $9.09 and a 200-day moving average of $8.92. DWS Municipal Income Trust has a 52 week low of $8.48 and a 52 week high of $10.10.

DWS Municipal Income Trust Announces Dividend

The business also recently announced a oct 25 dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 20th will be issued a dividend of $0.061 per share. The ex-dividend date of this dividend is Monday, October 20th. This represents a dividend yield of 796.0%.

DWS Municipal Income Trust 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.