DWS Municipal Income Trust (NYSE:KTF) Stock Passes Below 200 Day Moving Average – What’s Next?

DWS Municipal Income Trust (NYSE:KTF) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.30 and traded as low as $8.71. DWS Municipal Income Trust shares last traded at $8.73, with a volume of 251,819 shares changing hands.

DWS Municipal Income Trust Stock Performance

The business has a 50 day moving average of $8.96 and a 200 day moving average of $9.30.

DWS Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 20th will be paid a $0.061 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 8.39%. The ex-dividend date of this dividend is Friday, June 20th.

Institutional Trading of DWS Municipal Income Trust

Hedge funds have recently added to or reduced their stakes in the business. Navigoe LLC acquired a new stake in DWS Municipal Income Trust in the 4th quarter worth about $63,000. Elequin Capital LP acquired a new position in shares of DWS Municipal Income Trust in the 4th quarter valued at about $68,000. Optimum Investment Advisors acquired a new position in shares of DWS Municipal Income Trust in the 4th quarter valued at about $76,000. Mariner LLC acquired a new position in shares of DWS Municipal Income Trust in the 4th quarter valued at about $102,000. Finally, CX Institutional acquired a new position in shares of DWS Municipal Income Trust in the 1st quarter valued at about $107,000. 57.71% of the stock is owned by institutional investors and hedge funds.

DWS Municipal Income Trust Company 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.