DWS Municipal Income Trust (NYSE:KTF) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. trimmed its holdings in DWS Municipal Income Trust (NYSE:KTF) by 6.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 67,378 shares of the investment management company’s stock after selling 4,976 shares during the period. Rockefeller Capital Management L.P.’s holdings in DWS Municipal Income Trust were worth $672,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. US Bancorp DE acquired a new stake in shares of DWS Municipal Income Trust during the third quarter worth $80,000. Dakota Wealth Management acquired a new stake in shares of DWS Municipal Income Trust in the 2nd quarter worth $95,000. Walleye Capital LLC purchased a new stake in shares of DWS Municipal Income Trust in the third quarter valued at about $114,000. Whitebox Advisors LLC acquired a new position in shares of DWS Municipal Income Trust during the second quarter worth about $597,000. Finally, Bank of New York Mellon Corp raised its holdings in DWS Municipal Income Trust by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 78,626 shares of the investment management company’s stock worth $745,000 after purchasing an additional 1,689 shares in the last quarter. Institutional investors and hedge funds own 57.71% of the company’s stock.

DWS Municipal Income Trust Stock Performance

Shares of NYSE:KTF opened at $10.04 on Tuesday. DWS Municipal Income Trust has a 52 week low of $8.62 and a 52 week high of $10.22. The company has a 50-day moving average price of $9.96 and a 200 day moving average price of $9.77.

DWS Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Wednesday, December 18th will be issued a $0.061 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.73 annualized dividend and a dividend yield of 7.29%.

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.