CX Institutional Invests $107,000 in DWS Municipal Income Trust (NYSE:KTF)

CX Institutional acquired a new position in DWS Municipal Income Trust (NYSE:KTF) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,400 shares of the investment management company’s stock, valued at approximately $107,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Navigoe LLC bought a new position in DWS Municipal Income Trust during the fourth quarter worth about $63,000. Elequin Capital LP bought a new position in DWS Municipal Income Trust in the 4th quarter worth approximately $68,000. Optimum Investment Advisors bought a new position in DWS Municipal Income Trust in the 4th quarter worth approximately $76,000. Mariner LLC purchased a new position in DWS Municipal Income Trust in the 4th quarter valued at approximately $102,000. Finally, Axxcess Wealth Management LLC bought a new stake in DWS Municipal Income Trust during the 4th quarter valued at $213,000. 57.71% of the stock is currently owned by institutional investors.

DWS Municipal Income Trust Stock Performance

NYSE:KTF opened at $8.86 on Tuesday. DWS Municipal Income Trust has a 1 year low of $8.75 and a 1 year high of $10.22. The stock’s fifty day moving average price is $8.98 and its two-hundred day moving average price is $9.35.

DWS Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 20th will be issued a dividend of $0.061 per share. The ex-dividend date is Friday, June 20th. This represents a $0.73 dividend on an annualized basis and a yield of 8.26%.

DWS Municipal Income Trust 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.