DWS Strategic Municipal Income Trust (NYSE:KSM) Stock Crosses Above 50-Day Moving Average of $9.63

DWS Strategic Municipal Income Trust (NYSE:KSM) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.63 and traded as high as $9.87. DWS Strategic Municipal Income Trust shares last traded at $9.87, with a volume of 29,980 shares trading hands.

DWS Strategic Municipal Income Trust Stock Performance

The business’s fifty day moving average price is $9.63 and its 200-day moving average price is $9.16.

DWS Strategic Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 20th were given a $0.026 dividend. This represents a $0.31 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Thursday, June 20th.

Institutional Investors Weigh In On DWS Strategic Municipal Income Trust

Several large investors have recently bought and sold shares of KSM. Bulldog Investors LLP boosted its stake in shares of DWS Strategic Municipal Income Trust by 46.5% during the fourth quarter. Bulldog Investors LLP now owns 430,664 shares of the investment management company’s stock valued at $3,725,000 after purchasing an additional 136,685 shares during the period. Almitas Capital LLC boosted its stake in shares of DWS Strategic Municipal Income Trust by 61.3% during the third quarter. Almitas Capital LLC now owns 148,543 shares of the investment management company’s stock valued at $1,119,000 after purchasing an additional 56,437 shares during the period. Whitebox Advisors LLC purchased a new stake in shares of DWS Strategic Municipal Income Trust during the first quarter valued at $311,000. Wolverine Asset Management LLC boosted its stake in shares of DWS Strategic Municipal Income Trust by 113.1% during the fourth quarter. Wolverine Asset Management LLC now owns 20,109 shares of the investment management company’s stock valued at $174,000 after purchasing an additional 10,671 shares during the period. Finally, Camelot Portfolios LLC purchased a new stake in shares of DWS Strategic Municipal Income Trust during the fourth quarter valued at $99,000. Institutional investors own 53.77% of the company’s stock.

DWS Strategic Municipal Income Trust Company Profile

Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc The fund invests in the fixed income markets of the United States. It primarily invests investment grade or unrated municipal securities of comparable quality, as well as in high-yield municipal securities that are below investment grade.