Hennion & Walsh Asset Management Inc. Reduces Stock Holdings in DWS Municipal Income Trust $KTF

Hennion & Walsh Asset Management Inc. lowered its stake in DWS Municipal Income Trust (NYSE:KTF) by 52.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 205,379 shares of the investment management company’s stock after selling 224,343 shares during the period. Hennion & Walsh Asset Management Inc. owned 0.52% of DWS Municipal Income Trust worth $1,889,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KTF. Kestra Advisory Services LLC bought a new stake in shares of DWS Municipal Income Trust during the 4th quarter valued at about $25,000. GM Advisory Group LLC purchased a new stake in DWS Municipal Income Trust in the fourth quarter worth about $93,000. Worth Asset Management LLC bought a new stake in DWS Municipal Income Trust during the 2nd quarter valued at approximately $101,000. Osaic Holdings Inc. grew its holdings in shares of DWS Municipal Income Trust by 15.7% during the 2nd quarter. Osaic Holdings Inc. now owns 21,403 shares of the investment management company’s stock worth $189,000 after acquiring an additional 2,902 shares during the period. Finally, Oppenheimer & Co. Inc. raised its position in shares of DWS Municipal Income Trust by 9.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 21,442 shares of the investment management company’s stock worth $195,000 after acquiring an additional 1,840 shares in the last quarter. 57.71% of the stock is currently owned by institutional investors.

DWS Municipal Income Trust Stock Performance

KTF opened at $8.99 on Wednesday. DWS Municipal Income Trust has a 52 week low of $8.55 and a 52 week high of $9.37. The business has a 50 day moving average of $9.11 and a 200-day moving average of $9.10.

DWS Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.061 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a c) annualized dividend and a yield of 8.1%.

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.