Allspring Global Investments Holdings LLC Boosts Stake in DWS Municipal Income Trust (NYSE:KTF)

Allspring Global Investments Holdings LLC boosted its stake in DWS Municipal Income Trust (NYSE:KTF) by 33.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 147,748 shares of the investment management company’s stock after acquiring an additional 37,000 shares during the period. Allspring Global Investments Holdings LLC’s holdings in DWS Municipal Income Trust were worth $1,272,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. lifted its position in DWS Municipal Income Trust by 13.3% during the 1st quarter. Sit Investment Associates Inc. now owns 4,081,317 shares of the investment management company’s stock worth $36,324,000 after acquiring an additional 480,645 shares during the period. Karpus Management Inc. lifted its position in DWS Municipal Income Trust by 1.8% during the 1st quarter. Karpus Management Inc. now owns 2,618,939 shares of the investment management company’s stock worth $23,309,000 after acquiring an additional 45,510 shares during the period. Robinson Capital Management LLC lifted its position in DWS Municipal Income Trust by 20.0% during the 1st quarter. Robinson Capital Management LLC now owns 415,581 shares of the investment management company’s stock worth $3,616,000 after acquiring an additional 69,169 shares during the period. Wells Fargo & Company MN lifted its position in DWS Municipal Income Trust by 9.8% during the 2nd quarter. Wells Fargo & Company MN now owns 304,045 shares of the investment management company’s stock worth $2,858,000 after acquiring an additional 27,243 shares during the period. Finally, Van ECK Associates Corp lifted its position in DWS Municipal Income Trust by 18.6% during the 1st quarter. Van ECK Associates Corp now owns 295,051 shares of the investment management company’s stock worth $2,626,000 after acquiring an additional 46,274 shares during the period.

DWS Municipal Income Trust Price Performance

Shares of KTF stock opened at $7.98 on Wednesday. The stock has a 50 day simple moving average of $7.88 and a 200-day simple moving average of $8.33. DWS Municipal Income Trust has a 12-month low of $7.40 and a 12-month high of $9.31.

DWS Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were paid a dividend of $0.0235 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date was Friday, October 13th.

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.