DWS Municipal Income Trust (KTF) To Go Ex-Dividend on April 22nd

DWS Municipal Income Trust (NYSE:KTF) announced a monthly dividend on Friday, April 10th. Stockholders of record on Wednesday, April 22nd will be paid a dividend of 0.061 per share by the investment management company on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Wednesday, April 22nd.

DWS Municipal Income Trust Trading Up 0.1%

Shares of NYSE KTF opened at $9.21 on Monday. The firm has a 50-day simple moving average of $9.12 and a 200-day simple moving average of $9.14. DWS Municipal Income Trust has a 52 week low of $8.48 and a 52 week high of $9.37.

Institutional Investors Weigh In On DWS Municipal Income Trust

A number of hedge funds have recently modified their holdings of KTF. Gridiron Partners LLC raised its position in shares of DWS Municipal Income Trust by 3,970.6% in the third quarter. Gridiron Partners LLC now owns 425,178 shares of the investment management company’s stock valued at $39,000 after buying an additional 414,733 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of DWS Municipal Income Trust in the fourth quarter valued at about $2,973,000. Citadel Advisors LLC acquired a new stake in shares of DWS Municipal Income Trust in the third quarter valued at about $582,000. LPL Financial LLC raised its position in shares of DWS Municipal Income Trust by 11.7% in the fourth quarter. LPL Financial LLC now owns 553,077 shares of the investment management company’s stock valued at $5,027,000 after buying an additional 58,031 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of DWS Municipal Income Trust in the second quarter valued at about $503,000. 57.71% of the stock is currently owned by institutional investors and hedge funds.

About DWS Municipal Income Trust

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.