Park Avenue Securities LLC Increases Stock Position in DWS Strategic Municipal Income Trust (NYSE:KSM)

Park Avenue Securities LLC raised its position in shares of DWS Strategic Municipal Income Trust (NYSE:KSMGet Rating) by 9.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,526 shares of the investment management company’s stock after buying an additional 7,463 shares during the quarter. Park Avenue Securities LLC’s holdings in DWS Strategic Municipal Income Trust were worth $936,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ackerman Capital Advisors LLC purchased a new position in shares of DWS Strategic Municipal Income Trust in the 1st quarter worth about $380,000. Capital Investment Advisors LLC raised its position in shares of DWS Strategic Municipal Income Trust by 7.8% in the 1st quarter. Capital Investment Advisors LLC now owns 41,094 shares of the investment management company’s stock worth $425,000 after purchasing an additional 2,975 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of DWS Strategic Municipal Income Trust by 22.7% in the 4th quarter. Guggenheim Capital LLC now owns 235,015 shares of the investment management company’s stock worth $2,858,000 after purchasing an additional 43,462 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of DWS Strategic Municipal Income Trust by 9.3% in the 4th quarter. Baird Financial Group Inc. now owns 45,142 shares of the investment management company’s stock worth $549,000 after purchasing an additional 3,834 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of DWS Strategic Municipal Income Trust by 10.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 125,054 shares of the investment management company’s stock worth $1,521,000 after purchasing an additional 11,343 shares during the last quarter. Hedge funds and other institutional investors own 36.14% of the company’s stock.

DWS Strategic Municipal Income Trust Stock Up 0.8 %

KSM opened at $9.31 on Friday. The stock has a 50-day moving average price of $9.28 and a 200-day moving average price of $10.10. DWS Strategic Municipal Income Trust has a 1 year low of $8.70 and a 1 year high of $12.99.

DWS Strategic Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, July 29th. Shareholders of record on Monday, July 18th will be given a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date is Friday, July 15th.

DWS Strategic Municipal Income Trust Profile

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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.

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Institutional Ownership by Quarter for DWS Strategic Municipal Income Trust (NYSE:KSM)

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