DWS Municipal Income Trust (NYSE:KTF) Share Price Crosses Below 200 Day Moving Average – What’s Next?

DWS Municipal Income Trust (NYSE:KTFGet Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.26 and traded as low as $8.83. DWS Municipal Income Trust shares last traded at $8.86, with a volume of 69,399 shares.

DWS Municipal Income Trust Stock Performance

The firm’s 50 day moving average price is $8.95 and its two-hundred day moving average price is $9.26.

DWS Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 20th were paid a dividend of $0.061 per share. The ex-dividend date of this dividend was Friday, June 20th. This represents a $0.73 annualized dividend and a dividend yield of 8.27%.

Hedge Funds Weigh In On DWS Municipal Income Trust

Several hedge funds have recently made changes to their positions in KTF. Invesco Ltd. grew its stake in shares of DWS Municipal Income Trust by 5.3% in the first quarter. Invesco Ltd. now owns 24,999 shares of the investment management company’s stock valued at $234,000 after buying an additional 1,263 shares in the last quarter. Integrated Capital Management Inc. grew its stake in shares of DWS Municipal Income Trust by 9.4% in the first quarter. Integrated Capital Management Inc. now owns 25,937 shares of the investment management company’s stock valued at $243,000 after buying an additional 2,222 shares in the last quarter. Navigoe LLC bought a new position in shares of DWS Municipal Income Trust in the fourth quarter valued at $63,000. Elequin Capital LP bought a new position in shares of DWS Municipal Income Trust in the fourth quarter valued at $68,000. Finally, Optimum Investment Advisors bought a new position in shares of DWS Municipal Income Trust in the fourth quarter valued at $76,000. 57.71% of the stock is owned by institutional investors.

About DWS Municipal Income Trust

(Get Free Report)

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.

Read More

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