1607 Capital Partners LLC Sells 82,673 Shares of DWS Municipal Income Trust $KTF

1607 Capital Partners LLC lessened its holdings in DWS Municipal Income Trust (NYSE:KTF) by 5.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,341,483 shares of the investment management company’s stock after selling 82,673 shares during the period. 1607 Capital Partners LLC’s holdings in DWS Municipal Income Trust were worth $12,301,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KTF. Wellspring Financial Advisors LLC lifted its holdings in DWS Municipal Income Trust by 21.5% during the second quarter. Wellspring Financial Advisors LLC now owns 34,126 shares of the investment management company’s stock worth $302,000 after acquiring an additional 6,034 shares during the period. Karpus Management Inc. raised its stake in shares of DWS Municipal Income Trust by 28.9% during the 2nd quarter. Karpus Management Inc. now owns 3,057,936 shares of the investment management company’s stock worth $27,032,000 after purchasing an additional 684,776 shares during the period. Bank of America Corp DE boosted its holdings in shares of DWS Municipal Income Trust by 26.5% in the 2nd quarter. Bank of America Corp DE now owns 208,820 shares of the investment management company’s stock worth $1,846,000 after buying an additional 43,693 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of DWS Municipal Income Trust in the 2nd quarter worth about $503,000. Finally, Captrust Financial Advisors bought a new position in DWS Municipal Income Trust during the second quarter valued at about $212,000. 57.71% of the stock is owned by institutional investors.

DWS Municipal Income Trust Stock Performance

NYSE KTF opened at $9.14 on Friday. DWS Municipal Income Trust has a 52-week low of $8.48 and a 52-week high of $9.50. The company has a 50-day simple moving average of $9.15 and a 200 day simple moving average of $9.14.

DWS Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be given a dividend of $0.061 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Friday, March 20th.

About DWS Municipal Income Trust

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.