DWS Municipal Income Trust (NYSE:KTF) Stock Crosses Below 200-Day Moving Average – Time to Sell?

DWS Municipal Income Trust (NYSE:KTF) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.72 and traded as low as $9.30. DWS Municipal Income Trust shares last traded at $9.36, with a volume of 151,912 shares trading hands.

DWS Municipal Income Trust Stock Up 0.2 %

The stock has a 50 day simple moving average of $9.52 and a 200-day simple moving average of $9.72.

DWS Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were given a dividend of $0.061 per share. This represents a $0.73 annualized dividend and a dividend yield of 7.82%. The ex-dividend date of this dividend was Thursday, March 20th.

Hedge Funds Weigh In On DWS Municipal Income Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC boosted its position in shares of DWS Municipal Income Trust by 18.5% during the 3rd quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company’s stock valued at $135,000 after acquiring an additional 2,135 shares during the last quarter. Integrated Capital Management Inc. lifted its position in DWS Municipal Income Trust by 17.0% during the fourth quarter. Integrated Capital Management Inc. now owns 23,715 shares of the investment management company’s stock valued at $224,000 after purchasing an additional 3,454 shares during the last quarter. Navigoe LLC bought a new position in DWS Municipal Income Trust during the fourth quarter valued at $63,000. Elequin Capital LP purchased a new position in shares of DWS Municipal Income Trust in the 4th quarter worth $68,000. Finally, Optimum Investment Advisors purchased a new stake in shares of DWS Municipal Income Trust during the 4th quarter valued at about $76,000. Institutional investors own 57.71% of the company’s stock.

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.