DWS Municipal Income Trust (NYSE:KTF) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of DWS Municipal Income Trust (NYSE:KTF) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.11 and traded as low as $8.98. DWS Municipal Income Trust shares last traded at $8.99, with a volume of 211,271 shares changing hands.

DWS Municipal Income Trust Stock Performance

The company’s 50 day moving average price is $9.11 and its two-hundred day moving average price is $9.01.

DWS Municipal Income Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 21st will be given a dividend of $0.061 per share. This represents a c) annualized dividend and a yield of 8.1%. This is a boost from DWS Municipal Income Trust’s previous monthly dividend of $0.03. The ex-dividend date is Wednesday, January 21st.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Osaic Holdings Inc. grew its stake in shares of DWS Municipal Income Trust by 15.7% during the 2nd quarter. Osaic Holdings Inc. now owns 21,403 shares of the investment management company’s stock valued at $189,000 after acquiring an additional 2,902 shares during the period. Dakota Wealth Management raised its position in shares of DWS Municipal Income Trust by 2.6% during the 4th quarter. Dakota Wealth Management now owns 122,661 shares of the investment management company’s stock valued at $1,115,000 after purchasing an additional 3,100 shares during the period. Motco purchased a new position in shares of DWS Municipal Income Trust during the 2nd quarter valued at $31,000. Wellspring Financial Advisors LLC boosted its holdings in DWS Municipal Income Trust by 21.5% in the 2nd quarter. Wellspring Financial Advisors LLC now owns 34,126 shares of the investment management company’s stock worth $302,000 after buying an additional 6,034 shares during the period. Finally, Murphy Middleton Hinkle & Parker Inc. bought a new position in DWS Municipal Income Trust in the 4th quarter worth $89,000. 57.71% of the stock is owned by hedge funds and other institutional investors.

DWS Municipal Income Trust Company Profile

DWS Municipal Income Trust (NYSE: KTF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax. Established in 2002, the fund is managed by DWS Group, a global asset management firm and affiliate of Deutsche Bank, and trades on the New York Stock Exchange under the ticker symbol KTF. Its structure allows investors access to a diversified portfolio of municipal securities with the potential for tax-advantaged income distributions.

The trust’s investment strategy focuses primarily on investment-grade municipal bonds issued by U.S.