57,714 Shares in DWS Municipal Income Trust (NYSE:KTF) Purchased by Transform Wealth LLC

Transform Wealth LLC bought a new stake in DWS Municipal Income Trust (NYSE:KTF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 57,714 shares of the investment management company’s stock, valued at approximately $546,000. Transform Wealth LLC owned approximately 0.15% of DWS Municipal Income Trust at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC acquired a new position in DWS Municipal Income Trust during the third quarter worth about $1,595,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of DWS Municipal Income Trust by 28.0% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 484,836 shares of the investment management company’s stock valued at $4,834,000 after purchasing an additional 106,180 shares during the last quarter. Logan Stone Capital LLC increased its position in DWS Municipal Income Trust by 17.7% during the 2nd quarter. Logan Stone Capital LLC now owns 653,273 shares of the investment management company’s stock worth $6,186,000 after purchasing an additional 98,334 shares in the last quarter. Whitebox Advisors LLC bought a new position in DWS Municipal Income Trust in the 2nd quarter valued at approximately $597,000. Finally, Dakota Wealth Management boosted its position in DWS Municipal Income Trust by 259.0% in the third quarter. Dakota Wealth Management now owns 35,900 shares of the investment management company’s stock valued at $358,000 after buying an additional 25,900 shares in the last quarter. 57.71% of the stock is currently owned by institutional investors.

DWS Municipal Income Trust Trading Down 0.6 %

Shares of KTF opened at $9.45 on Wednesday. DWS Municipal Income Trust has a 52 week low of $8.79 and a 52 week high of $10.22. The stock has a fifty day moving average of $9.72 and a 200-day moving average of $9.79.

DWS Municipal Income Trust Increases Dividend

The company also recently declared a — dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be paid a dividend of $0.061 per share. This represents a dividend yield of 7.7%. This is a positive change from DWS Municipal Income Trust’s previous — dividend of $0.02. The ex-dividend date of this dividend is Tuesday, January 21st.

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.