US Bancorp DE Makes New Investment in DWS Municipal Income Trust (NYSE:KTF)

US Bancorp DE bought a new position in DWS Municipal Income Trust (NYSE:KTF) during the 3rd quarter, Holdings Channel reports. The firm bought 8,053 shares of the investment management company’s stock, valued at approximately $80,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KTF. Robinson Capital Management LLC acquired a new stake in shares of DWS Municipal Income Trust in the first quarter valued at $2,972,000. Kingswood Wealth Advisors LLC bought a new position in shares of DWS Municipal Income Trust in the second quarter worth about $236,000. Integrated Capital Management Inc. grew its stake in shares of DWS Municipal Income Trust by 9.7% during the second quarter. Integrated Capital Management Inc. now owns 20,357 shares of the investment management company’s stock valued at $193,000 after purchasing an additional 1,792 shares during the last quarter. Melfa Wealth Management Inc. increased its holdings in shares of DWS Municipal Income Trust by 2.3% in the second quarter. Melfa Wealth Management Inc. now owns 161,069 shares of the investment management company’s stock valued at $1,525,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Dakota Wealth Management bought a new position in DWS Municipal Income Trust in the 2nd quarter worth approximately $95,000. 57.71% of the stock is owned by institutional investors and hedge funds.

DWS Municipal Income Trust Trading Down 0.1 %

Shares of KTF opened at $9.95 on Friday. DWS Municipal Income Trust has a 52 week low of $8.27 and a 52 week high of $10.22. The business’s fifty day moving average price is $9.94 and its two-hundred day moving average price is $9.71.

DWS Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Wednesday, November 20th will be given a $0.061 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.73 dividend on an annualized basis and a yield of 7.36%.

About DWS Municipal Income Trust

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.