5,000 Shares in DWS Strategic Municipal Income Trust (NYSE:KSM) Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC acquired a new position in DWS Strategic Municipal Income Trust (NYSE:KSMGet Rating) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,000 shares of the investment management company’s stock, valued at approximately $46,000.

Several other institutional investors have also recently bought and sold shares of KSM. 1607 Capital Partners LLC grew its holdings in DWS Strategic Municipal Income Trust by 15.3% during the 1st quarter. 1607 Capital Partners LLC now owns 465,501 shares of the investment management company’s stock worth $4,813,000 after acquiring an additional 61,615 shares during the period. Sit Investment Associates Inc. grew its holdings in DWS Strategic Municipal Income Trust by 12.7% during the 1st quarter. Sit Investment Associates Inc. now owns 178,499 shares of the investment management company’s stock worth $1,846,000 after acquiring an additional 20,045 shares during the period. Rivernorth Capital Management LLC grew its holdings in DWS Strategic Municipal Income Trust by 82.2% during the 1st quarter. Rivernorth Capital Management LLC now owns 165,610 shares of the investment management company’s stock worth $1,712,000 after acquiring an additional 74,726 shares during the period. Invesco Ltd. grew its holdings in DWS Strategic Municipal Income Trust by 23.6% during the 1st quarter. Invesco Ltd. now owns 141,948 shares of the investment management company’s stock worth $1,468,000 after acquiring an additional 27,076 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in DWS Strategic Municipal Income Trust by 5.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 136,818 shares of the investment management company’s stock worth $1,248,000 after acquiring an additional 6,471 shares during the period. Institutional investors own 21.74% of the company’s stock.

DWS Strategic Municipal Income Trust Stock Up 0.2 %

KSM opened at $8.02 on Monday. The company has a fifty day moving average price of $7.95 and a two-hundred day moving average price of $8.83. DWS Strategic Municipal Income Trust has a 52 week low of $7.47 and a 52 week high of $12.81.

DWS Strategic Municipal Income Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 21st will be issued a $0.03 dividend. This represents a $0.36 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Friday, November 18th.

DWS Strategic Municipal Income Trust Company Profile

(Get Rating)

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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