DWS Municipal Income Trust (KTF) To Go Ex-Dividend on October 21st

DWS Municipal Income Trust (NYSE:KTF) declared a monthly dividend on Friday, October 9th. Shareholders of record on Wednesday, October 21st will be paid a dividend of $0.0610 per share by the investment management company on Friday, October 30th. This represents a $0.73 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date is Wednesday, October 21st.

DWS Municipal Income Trust Trading Up 0.1%

DWS Municipal Income Trust stock opened at $8.18 on Monday. The stock has a 50-day moving average of $8.48 and a two-hundred day moving average of $8.88. DWS Municipal Income Trust has a one year low of $7.95 and a one year high of $9.37.

Institutional Trading of DWS Municipal Income Trust

Several large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in shares of DWS Municipal Income Trust by 18.7% in the second quarter. Envestnet Asset Management Inc. now owns 19,402 shares of the investment management company’s stock valued at $178,000 after acquiring an additional 3,053 shares in the last quarter. Readystate Asset Management LP purchased a new stake in shares of DWS Municipal Income Trust during the second quarter worth approximately $138,000. Concurrent Investment Advisors LLC raised its stake in DWS Municipal Income Trust by 50.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 77,850 shares of the investment management company’s stock valued at $716,000 after purchasing an additional 26,200 shares during the last quarter. Susquehanna International Group LLP acquired a new position in DWS Municipal Income Trust in the 2nd quarter valued at $110,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in DWS Municipal Income Trust by 44.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,214 shares of the investment management company’s stock valued at $66,000 after purchasing an additional 2,215 shares in the last quarter. Hedge funds and other institutional investors own 57.71% of the company’s stock.

About DWS Municipal Income Trust

DWS Municipal Income Trust (NYSE: KTF) is a closed-end investment company that seeks to provide current income exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, municipalities and other public authorities in the United States.

Its portfolio may include general obligation bonds, revenue bonds and other municipal debt obligations used to finance public infrastructure and essential services. Income and investment results can be affected by changes in interest rates, credit conditions, municipal finances and developments in the communities or projects supporting the securities.

DWS Municipal Income Trust is advised by DWS Investment Management Americas, Inc, part of the DWS asset-management organization.