Raymond James & Associates Has $341,000 Position in DWS Municipal Income Trust (NYSE:KTF)

Raymond James & Associates lowered its position in shares of DWS Municipal Income Trust (NYSE:KTF) by 28.0% in the fourth quarter, Holdings Channel reports. The firm owned 38,322 shares of the investment management company’s stock after selling 14,909 shares during the period. Raymond James & Associates’ holdings in DWS Municipal Income Trust were worth $341,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Wolverine Asset Management LLC grew its holdings in DWS Municipal Income Trust by 101.5% during the third quarter. Wolverine Asset Management LLC now owns 5,434 shares of the investment management company’s stock valued at $42,000 after purchasing an additional 2,737 shares during the period. Simon Quick Advisors LLC acquired a new position in DWS Municipal Income Trust during the third quarter valued at approximately $113,000. Ironsides Asset Advisors LLC grew its holdings in DWS Municipal Income Trust by 14.3% during the third quarter. Ironsides Asset Advisors LLC now owns 17,214 shares of the investment management company’s stock valued at $133,000 after purchasing an additional 2,150 shares during the period. Fort Point Capital Partners LLC grew its holdings in DWS Municipal Income Trust by 110.0% during the third quarter. Fort Point Capital Partners LLC now owns 24,582 shares of the investment management company’s stock valued at $189,000 after purchasing an additional 12,874 shares during the period. Finally, Alpine Global Management LLC acquired a new position in shares of DWS Municipal Income Trust in the third quarter valued at approximately $193,000. Institutional investors and hedge funds own 57.71% of the company’s stock.

DWS Municipal Income Trust Trading Up 0.1 %

DWS Municipal Income Trust stock opened at $9.28 on Monday. DWS Municipal Income Trust has a twelve month low of $7.40 and a twelve month high of $9.68. The company has a 50 day moving average of $9.16 and a 200-day moving average of $8.74.

DWS Municipal Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be issued a $0.061 dividend. This represents a $0.73 annualized dividend and a dividend yield of 7.89%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from DWS Municipal Income Trust’s previous monthly dividend of $0.04.

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.