DWS Municipal Income Trust (NYSE:KTF) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

DWS Municipal Income Trust (NYSE:KTF)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.12 and traded as low as $8.85. DWS Municipal Income Trust shares last traded at $8.8550, with a volume of 114,939 shares trading hands.

DWS Municipal Income Trust Stock Performance

The company has a 50 day moving average price of $9.12 and a 200 day moving average price of $9.11.

DWS Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 22nd will be paid a $0.061 dividend. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date is Wednesday, July 22nd.

Hedge Funds Weigh In On DWS Municipal Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. bought a new position in shares of DWS Municipal Income Trust in the second quarter valued at about $503,000. Seven Mile Advisory acquired a new stake in shares of DWS Municipal Income Trust during the 3rd quarter worth about $332,000. NewEdge Advisors LLC bought a new stake in shares of DWS Municipal Income Trust during the 3rd quarter worth about $331,000. Jane Street Group LLC bought a new stake in shares of DWS Municipal Income Trust during the 4th quarter worth about $330,000. Finally, Captrust Financial Advisors bought a new stake in shares of DWS Municipal Income Trust during the 2nd quarter worth about $212,000. 57.71% of the stock is owned by institutional investors.

DWS Municipal Income Trust Company Profile

DWS Municipal Income Trust (NYSE: KTF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax. Established in 2002, the fund is managed by DWS Group, a global asset management firm and affiliate of Deutsche Bank, and trades on the New York Stock Exchange under the ticker symbol KTF. Its structure allows investors access to a diversified portfolio of municipal securities with the potential for tax-advantaged income distributions.

The trust’s investment strategy focuses primarily on investment-grade municipal bonds issued by U.S.