Hennion & Walsh Asset Management Inc. Grows Stock Holdings in DWS Municipal Income Trust (NYSE:KTF)

Hennion & Walsh Asset Management Inc. increased its position in shares of DWS Municipal Income Trust (NYSE:KTF) by 17.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 570,351 shares of the investment management company’s stock after buying an additional 85,515 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in DWS Municipal Income Trust were worth $5,390,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KTF. Park Avenue Securities LLC grew its stake in shares of DWS Municipal Income Trust by 10.6% in the fourth quarter. Park Avenue Securities LLC now owns 113,646 shares of the investment management company’s stock valued at $1,074,000 after buying an additional 10,885 shares in the last quarter. Integrated Capital Management Inc. boosted its holdings in shares of DWS Municipal Income Trust by 17.0% in the 4th quarter. Integrated Capital Management Inc. now owns 23,715 shares of the investment management company’s stock valued at $224,000 after buying an additional 3,454 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in DWS Municipal Income Trust during the 3rd quarter worth $1,595,000. HighTower Advisors LLC lifted its position in DWS Municipal Income Trust by 18.5% in the third quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company’s stock valued at $135,000 after acquiring an additional 2,135 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in DWS Municipal Income Trust in the third quarter valued at $114,000. 57.71% of the stock is owned by hedge funds and other institutional investors.

DWS Municipal Income Trust Stock Up 0.7 %

Shares of KTF stock opened at $9.42 on Thursday. DWS Municipal Income Trust has a 1 year low of $8.72 and a 1 year high of $10.22. The stock’s 50-day moving average is $9.76 and its two-hundred day moving average is $9.79.

DWS Municipal Income Trust Increases Dividend

The company also recently announced a — dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be paid a $0.061 dividend. This represents a dividend yield of 7.7%. The ex-dividend date of this dividend is Tuesday, January 21st. This is a boost from DWS Municipal Income Trust’s previous — dividend of $0.02.

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.