XTX Topco Ltd Makes New $134,000 Investment in DWS Municipal Income Trust (NYSE:KTF)

XTX Topco Ltd bought a new position in DWS Municipal Income Trust (NYSE:KTF) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,245 shares of the investment management company’s stock, valued at approximately $134,000.

Several other institutional investors and hedge funds have also bought and sold shares of KTF. Envestnet Asset Management Inc. boosted its position in DWS Municipal Income Trust by 8.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 124,226 shares of the investment management company’s stock worth $1,174,000 after purchasing an additional 9,673 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of DWS Municipal Income Trust in the fourth quarter worth about $1,844,000. Mariner LLC bought a new position in shares of DWS Municipal Income Trust in the fourth quarter worth about $102,000. Guggenheim Capital LLC bought a new stake in DWS Municipal Income Trust during the 4th quarter valued at approximately $224,000. Finally, Kovitz Investment Group Partners LLC raised its stake in DWS Municipal Income Trust by 83.0% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 292,821 shares of the investment management company’s stock valued at $2,767,000 after purchasing an additional 132,813 shares during the period. 57.71% of the stock is owned by hedge funds and other institutional investors.

DWS Municipal Income Trust Price Performance

Shares of KTF opened at $8.63 on Friday. The business’s 50 day moving average is $8.72 and its 200 day moving average is $9.08. DWS Municipal Income Trust has a 12-month low of $8.48 and a 12-month high of $10.22.

DWS Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Tuesday, August 19th will be paid a dividend of $0.061 per share. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend is Tuesday, August 19th.

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.