Envestnet Asset Management Inc. Has $1.73 Million Stock Position in DWS Municipal Income Trust (NYSE:KTF)

Envestnet Asset Management Inc. increased its stake in DWS Municipal Income Trust (NYSE:KTFGet Rating) by 5.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 183,868 shares of the investment management company’s stock after acquiring an additional 8,843 shares during the quarter. Envestnet Asset Management Inc. owned about 0.47% of DWS Municipal Income Trust worth $1,728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Karpus Management Inc. lifted its stake in shares of DWS Municipal Income Trust by 0.9% in the first quarter. Karpus Management Inc. now owns 2,468,496 shares of the investment management company’s stock worth $25,697,000 after acquiring an additional 22,786 shares during the period. Rivernorth Capital Management LLC lifted its stake in DWS Municipal Income Trust by 16.1% in the first quarter. Rivernorth Capital Management LLC now owns 1,344,875 shares of the investment management company’s stock valued at $14,000,000 after buying an additional 186,803 shares during the period. Capital Investment Advisors LLC lifted its stake in DWS Municipal Income Trust by 7.3% in the second quarter. Capital Investment Advisors LLC now owns 314,700 shares of the investment management company’s stock valued at $2,958,000 after buying an additional 21,486 shares during the period. Fiera Capital Corp lifted its stake in DWS Municipal Income Trust by 168.6% in the first quarter. Fiera Capital Corp now owns 248,852 shares of the investment management company’s stock valued at $2,591,000 after buying an additional 156,192 shares during the period. Finally, Robinson Capital Management LLC lifted its stake in DWS Municipal Income Trust by 133.3% in the first quarter. Robinson Capital Management LLC now owns 248,731 shares of the investment management company’s stock valued at $2,567,000 after buying an additional 142,125 shares during the period. 37.27% of the stock is owned by institutional investors and hedge funds.

DWS Municipal Income Trust Price Performance

Shares of KTF opened at $8.42 on Friday. DWS Municipal Income Trust has a 52-week low of $7.91 and a 52-week high of $12.12. The business’s 50 day moving average price is $8.36 and its two-hundred day moving average price is $9.03.

DWS Municipal Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 21st will be issued a dividend of $0.028 per share. The ex-dividend date of this dividend is Friday, November 18th. This represents a $0.34 annualized dividend and a dividend yield of 3.99%.

DWS Municipal Income Trust Company Profile

(Get Rating)

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.

See Also

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

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