DWS Municipal Income Trust (NYSE:KTF) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

DWS Municipal Income Trust (NYSE:KTF)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.00 and traded as low as $8.73. DWS Municipal Income Trust shares last traded at $8.79, with a volume of 138,252 shares traded.

DWS Municipal Income Trust Price Performance

The business has a 50-day moving average of $8.68 and a 200 day moving average of $9.00.

DWS Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, August 29th. Investors of record on Tuesday, August 19th were given a $0.061 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date was Tuesday, August 19th.

Institutional Investors Weigh In On DWS Municipal Income Trust

A number of hedge funds have recently made changes to their positions in KTF. Mariner LLC purchased a new stake in shares of DWS Municipal Income Trust in the fourth quarter worth about $102,000. Bulldog Investors LLP lifted its position in shares of DWS Municipal Income Trust by 97.5% in the fourth quarter. Bulldog Investors LLP now owns 454,618 shares of the investment management company’s stock worth $4,296,000 after buying an additional 224,466 shares in the last quarter. Elequin Capital LP purchased a new stake in shares of DWS Municipal Income Trust in the fourth quarter worth about $68,000. Integrated Capital Management Inc. lifted its position in shares of DWS Municipal Income Trust by 9.4% in the first quarter. Integrated Capital Management Inc. now owns 25,937 shares of the investment management company’s stock worth $243,000 after buying an additional 2,222 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in shares of DWS Municipal Income Trust by 11.7% in the first quarter. Park Avenue Securities LLC now owns 126,933 shares of the investment management company’s stock worth $1,191,000 after buying an additional 13,287 shares in the last quarter. 57.71% of the stock is currently owned by hedge funds and other institutional investors.

About DWS Municipal Income Trust

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.