Walleye Capital LLC Invests $114,000 in DWS Municipal Income Trust (NYSE:KTF)

Walleye Capital LLC acquired a new position in shares of DWS Municipal Income Trust (NYSE:KTF) in the 3rd quarter, Holdings Channel reports. The fund acquired 11,418 shares of the investment management company’s stock, valued at approximately $114,000.

Several other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in shares of DWS Municipal Income Trust by 2.2% during the 2nd 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 last quarter. US Bancorp DE purchased a new stake in shares of DWS Municipal Income Trust during the 3rd quarter worth approximately $80,000. Dakota Wealth Management purchased a new stake in shares of DWS Municipal Income Trust during the 2nd quarter worth approximately $95,000. City of London Investment Management Co. Ltd. lifted its position in shares of DWS Municipal Income Trust by 3.8% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 412,392 shares of the investment management company’s stock worth $3,905,000 after buying an additional 15,127 shares during the last quarter. Finally, Whitebox Advisors LLC purchased a new stake in shares of DWS Municipal Income Trust during the 2nd quarter worth approximately $597,000. Hedge funds and other institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Stock Performance

Shares of NYSE:KTF opened at $9.96 on Friday. DWS Municipal Income Trust has a twelve month low of $8.62 and a twelve month high of $10.22. The firm has a 50 day simple moving average of $9.96 and a 200-day simple moving average of $9.78.

DWS Municipal Income Trust Announces Dividend

The firm also recently announced 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 of this dividend is Wednesday, December 18th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.35%.

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.