Logan Stone Capital LLC Purchases 8,115 Shares of DWS Strategic Municipal Income Trust (NYSE:KSM)

Logan Stone Capital LLC lifted its position in shares of DWS Strategic Municipal Income Trust (NYSE:KSM) by 4.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 211,297 shares of the investment management company’s stock after purchasing an additional 8,115 shares during the period. Logan Stone Capital LLC owned about 1.91% of DWS Strategic Municipal Income Trust worth $2,083,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bulldog Investors LLP lifted its holdings 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 worth $3,725,000 after purchasing an additional 136,685 shares during the period. Whitebox Advisors LLC acquired a new position in DWS Strategic Municipal Income Trust during the 1st quarter worth about $311,000. Rothschild Investment LLC bought a new stake in shares of DWS Strategic Municipal Income Trust in the 2nd quarter valued at about $69,000. Finally, Catalina Capital Group LLC increased its stake in shares of DWS Strategic Municipal Income Trust by 8.8% in the second quarter. Catalina Capital Group LLC now owns 13,072 shares of the investment management company’s stock valued at $129,000 after buying an additional 1,059 shares during the period. Institutional investors and hedge funds own 53.77% of the company’s stock.

DWS Strategic Municipal Income Trust Stock Up 0.4 %

DWS Strategic Municipal Income Trust stock opened at $10.20 on Friday. The stock’s 50 day moving average is $10.07 and its 200 day moving average is $9.73. DWS Strategic Municipal Income Trust has a one year low of $7.25 and a one year high of $10.22.

DWS Strategic Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.023 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Thursday, September 19th.

About DWS Strategic Municipal Income Trust

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.