HighTower Advisors LLC Raises Holdings in DWS Municipal Income Trust (NYSE:KTF)

HighTower Advisors LLC lifted its holdings in DWS Municipal Income Trust (NYSE:KTF) by 18.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,651 shares of the investment management company’s stock after buying an additional 2,135 shares during the quarter. HighTower Advisors LLC’s holdings in DWS Municipal Income Trust were worth $135,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE acquired a new stake in DWS Municipal Income Trust in the third quarter valued at $80,000. Walleye Capital LLC acquired a new stake in shares of DWS Municipal Income Trust in the third quarter valued at about $114,000. Dakota Wealth Management lifted its stake in shares of DWS Municipal Income Trust by 259.0% in the third quarter. Dakota Wealth Management now owns 35,900 shares of the investment management company’s stock valued at $358,000 after purchasing an additional 25,900 shares during the period. Whitebox Advisors LLC purchased a new stake in DWS Municipal Income Trust during the second quarter worth about $597,000. Finally, Bank of New York Mellon Corp grew its position 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 buying an additional 1,689 shares during the period. Institutional investors and hedge funds own 57.71% of the company’s stock.

DWS Municipal Income Trust Trading Up 0.2 %

KTF stock opened at $9.46 on Thursday. The firm has a 50 day moving average of $9.88 and a 200-day moving average of $9.80. DWS Municipal Income Trust has a 12-month low of $8.72 and a 12-month high of $10.22.

DWS Municipal Income Trust Cuts Dividend

The company also recently announced a — dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be given a dividend of $0.0156 per share. The ex-dividend date is Monday, December 30th. This represents a yield of 7.6%.

DWS Municipal Income Trust 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.