DWS Municipal Income Trust (NYSE:KTF) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC lowered its position in DWS Municipal Income Trust (NYSE:KTF) by 1.3% in the third quarter, HoldingsChannel reports. The fund owned 344,078 shares of the investment management company’s stock after selling 4,504 shares during the quarter. Capital Investment Advisors LLC’s holdings in DWS Municipal Income Trust were worth $3,430,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Dakota Wealth Management acquired a new position in DWS Municipal Income Trust in the 2nd quarter worth about $95,000. Integrated Capital Management Inc. lifted its position in shares of DWS Municipal Income Trust by 9.7% during the 2nd quarter. Integrated Capital Management Inc. now owns 20,357 shares of the investment management company’s stock valued at $193,000 after buying an additional 1,792 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in DWS Municipal Income Trust in the 2nd quarter valued at $236,000. Whitebox Advisors LLC purchased a new stake in DWS Municipal Income Trust in the 2nd quarter worth $597,000. Finally, Bank of New York Mellon Corp raised its position in DWS Municipal Income Trust by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 78,626 shares of the investment management company’s stock worth $745,000 after acquiring an additional 1,689 shares during the period. 57.71% of the stock is owned by hedge funds and other institutional investors.

DWS Municipal Income Trust Stock Performance

Shares of NYSE KTF opened at $10.20 on Friday. The company’s 50-day simple moving average is $9.90 and its 200-day simple moving average is $9.64. DWS Municipal Income Trust has a 52-week low of $7.40 and a 52-week high of $10.22.

DWS Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a dividend of $0.061 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $0.73 annualized dividend and a yield of 7.18%.

DWS Municipal Income Trust 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.