Indiana Trust & Investment Management Co Has $368,000 Stock Holdings in DWS Municipal Income Trust (NYSE:KTF)

Indiana Trust & Investment Management Co decreased its holdings in shares of DWS Municipal Income Trust (NYSE:KTF) by 21.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,980 shares of the investment management company’s stock after selling 10,452 shares during the period. Indiana Trust & Investment Management Co owned 0.10% of DWS Municipal Income Trust worth $368,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Park Avenue Securities LLC boosted its position in shares of DWS Municipal Income Trust by 10.6% during the 4th quarter. Park Avenue Securities LLC now owns 113,646 shares of the investment management company’s stock worth $1,074,000 after purchasing an additional 10,885 shares in the last quarter. HighTower Advisors LLC raised its stake in DWS Municipal Income Trust by 18.5% during the 3rd quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company’s stock worth $135,000 after buying an additional 2,135 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in DWS Municipal Income Trust by 17.6% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 570,351 shares of the investment management company’s stock worth $5,390,000 after acquiring an additional 85,515 shares in the last quarter. US Bancorp DE bought a new position in DWS Municipal Income Trust in the third quarter worth approximately $80,000. Finally, Transform Wealth LLC acquired a new stake in DWS Municipal Income Trust in the fourth quarter valued at approximately $546,000. 57.71% of the stock is currently owned by institutional investors.

DWS Municipal Income Trust Stock Down 0.3 %

Shares of NYSE:KTF opened at $9.62 on Wednesday. DWS Municipal Income Trust has a twelve month low of $8.87 and a twelve month high of $10.22. The stock’s 50 day moving average is $9.59 and its 200-day moving average is $9.78.

DWS Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.061 per share. The ex-dividend date is Thursday, February 20th. This represents a $0.73 annualized dividend and a yield of 7.61%.

About DWS Municipal Income Trust

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.