DWS Municipal Income Trust (NYSE:KTF) Stock Crosses Below 200 Day Moving Average – Here’s Why

DWS Municipal Income Trust (NYSE:KTF) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.78 and traded as low as $9.63. DWS Municipal Income Trust shares last traded at $9.67, with a volume of 152,715 shares.

DWS Municipal Income Trust Stock Performance

The business’s 50 day moving average is $9.55 and its two-hundred day moving average is $9.78.

DWS Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 20th will be paid a dividend of $0.061 per share. This represents a $0.73 dividend on an annualized basis and a yield of 7.57%. The ex-dividend date of this dividend is Thursday, February 20th.

Hedge Funds Weigh In On DWS Municipal Income Trust

A number of hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC raised its stake in DWS Municipal Income Trust by 18.5% during the third 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 last quarter. Integrated Capital Management Inc. grew its holdings in DWS Municipal Income Trust by 17.0% in the fourth quarter. Integrated Capital Management Inc. now owns 23,715 shares of the investment management company’s stock worth $224,000 after purchasing an additional 3,454 shares during the period. Navigoe LLC acquired a new stake in DWS Municipal Income Trust in the fourth quarter worth $63,000. Elequin Capital LP acquired a new stake in DWS Municipal Income Trust in the fourth quarter worth $68,000. Finally, Optimum Investment Advisors acquired a new stake in DWS Municipal Income Trust in the fourth quarter worth $76,000. Institutional investors own 57.71% of the company’s stock.

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.