Gridiron Partners LLC Sells 414,733 Shares of DWS Municipal Income Trust $KTF

Gridiron Partners LLC lessened its holdings in DWS Municipal Income Trust (NYSE:KTF) by 97.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,445 shares of the investment management company’s stock after selling 414,733 shares during the quarter. Gridiron Partners LLC’s holdings in DWS Municipal Income Trust were worth $95,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Wellspring Financial Advisors LLC boosted its holdings in shares of 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 last quarter. Karpus Management Inc. grew its position in DWS Municipal Income Trust by 28.9% during the second quarter. Karpus Management Inc. now owns 3,057,936 shares of the investment management company’s stock valued at $27,032,000 after buying an additional 684,776 shares during the period. Van ECK Associates Corp increased its holdings in DWS Municipal Income Trust by 18.5% during the third quarter. Van ECK Associates Corp now owns 199,433 shares of the investment management company’s stock worth $1,829,000 after buying an additional 31,088 shares during the last quarter. Citadel Advisors LLC bought a new stake in DWS Municipal Income Trust in the third quarter worth about $582,000. Finally, Balyasny Asset Management L.P. bought a new stake in DWS Municipal Income Trust in the second quarter worth about $503,000. 57.71% of the stock is owned by hedge funds and other institutional investors.

DWS Municipal Income Trust Trading Down 2.6%

KTF opened at $8.92 on Friday. DWS Municipal Income Trust has a twelve month low of $8.48 and a twelve month high of $9.50. The company’s 50-day moving average price is $9.15 and its two-hundred day moving average price is $9.15.

DWS Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be issued a $0.061 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. 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.