DWS Strategic Municipal Income Trust (NYSE:KSM) Stock Price Passes Below 200 Day Moving Average of $12.47

Shares of DWS Strategic Municipal Income Trust (NYSE:KSM) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.47 and traded as low as $12.36. DWS Strategic Municipal Income Trust shares last traded at $12.42, with a volume of 14,183 shares trading hands.

The firm’s 50 day simple moving average is $12.43 and its two-hundred day simple moving average is $12.47.

The company also recently declared a monthly dividend, which will be paid on Tuesday, November 30th. Stockholders of record on Friday, November 19th will be given a dividend of $0.045 per share. The ex-dividend date is Thursday, November 18th. This represents a $0.54 annualized dividend and a dividend yield of 4.35%.

Several institutional investors have recently added to or reduced their stakes in the company. 1607 Capital Partners LLC grew its position in shares of DWS Strategic Municipal Income Trust by 1.1% during the second quarter. 1607 Capital Partners LLC now owns 542,284 shares of the investment management company’s stock worth $6,827,000 after acquiring an additional 5,812 shares during the last quarter. Guggenheim Capital LLC grew its position in DWS Strategic Municipal Income Trust by 9.2% in the 3rd quarter. Guggenheim Capital LLC now owns 191,553 shares of the investment management company’s stock valued at $2,354,000 after buying an additional 16,188 shares in the last quarter. Sit Investment Associates Inc. grew its position in DWS Strategic Municipal Income Trust by 15.0% in the 3rd quarter. Sit Investment Associates Inc. now owns 165,356 shares of the investment management company’s stock valued at $2,032,000 after buying an additional 21,588 shares in the last quarter. Robinson Capital Management LLC grew its position in DWS Strategic Municipal Income Trust by 47.4% in the 3rd quarter. Robinson Capital Management LLC now owns 125,266 shares of the investment management company’s stock valued at $1,540,000 after buying an additional 40,282 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in DWS Strategic Municipal Income Trust by 9.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 108,224 shares of the investment management company’s stock valued at $1,363,000 after buying an additional 9,521 shares in the last quarter. Institutional investors and hedge funds own 17.92% of the company’s stock.

About DWS Strategic Municipal Income Trust (NYSE:KSM)

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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