Park Avenue Securities LLC Invests $215,000 in DWS Strategic Municipal Income Trust (KSM) Stock

Park Avenue Securities LLC acquired a new stake in DWS Strategic Municipal Income Trust (NYSE:KSM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,239 shares of the investment management company’s stock, valued at approximately $215,000. Park Avenue Securities LLC owned about 0.18% of DWS Strategic Municipal Income Trust at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in shares of DWS Strategic Municipal Income Trust by 12.3% in the 1st quarter. Wells Fargo & Company MN now owns 87,599 shares of the investment management company’s stock valued at $963,000 after buying an additional 9,609 shares during the period. Guggenheim Capital LLC grew its stake in shares of DWS Strategic Municipal Income Trust by 7.8% in the 1st quarter. Guggenheim Capital LLC now owns 223,820 shares of the investment management company’s stock valued at $2,460,000 after buying an additional 16,188 shares during the period. Finally, Capital Investment Advisors LLC purchased a new stake in shares of DWS Strategic Municipal Income Trust in the 3rd quarter valued at approximately $284,000. Institutional investors own 8.01% of the company’s stock.

DWS Strategic Municipal Income Trust stock opened at $10.27 on Friday. DWS Strategic Municipal Income Trust has a 1-year low of $10.03 and a 1-year high of $12.14.

The company also recently declared a monthly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Monday, October 15th were paid a $0.05 dividend. The ex-dividend date was Friday, October 12th. This represents a $0.60 annualized dividend and a dividend yield of 5.84%.

TRADEMARK VIOLATION NOTICE: “Park Avenue Securities LLC Invests $215,000 in DWS Strategic Municipal Income Trust (KSM) Stock” was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://transcriptdaily.com/2018/11/10/park-avenue-securities-llc-invests-215000-in-dws-strategic-municipal-income-trust-ksm-stock.html.

DWS Strategic Municipal Income Trust Profile

There is no company description available for DWS Strategic Municipal Income Trust.

Featured Story: Index Funds

Want to see what other hedge funds are holding KSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DWS Strategic Municipal Income Trust (NYSE:KSM).

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

Receive News & Ratings for DWS Strategic Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DWS Strategic Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply