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

DWS Municipal Income Trust (NYSE:KTFGet Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.79 and traded as low as $9.43. DWS Municipal Income Trust shares last traded at $9.51, with a volume of 90,870 shares.

DWS Municipal Income Trust Stock Performance

The firm has a 50 day moving average price of $9.81 and a 200-day moving average price of $9.79.

DWS Municipal Income Trust Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be paid a $0.0156 dividend. This represents a dividend yield of 7.6%. The ex-dividend date is Monday, December 30th.

Institutional Investors Weigh In On DWS Municipal Income Trust

A number of hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC lifted its stake in DWS Municipal Income Trust by 18.5% during the third quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company’s stock worth $135,000 after purchasing an additional 2,135 shares during the period. US Bancorp DE acquired a new position in DWS Municipal Income Trust during the third quarter worth $80,000. Kovitz Investment Group Partners LLC bought a new position in shares of DWS Municipal Income Trust during the third quarter valued at $1,595,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of DWS Municipal Income Trust by 28.0% in 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 in the last quarter. Finally, Logan Stone Capital LLC grew its holdings in shares of DWS Municipal Income Trust by 17.7% in 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 during the last quarter. 57.71% of the stock is currently owned by institutional investors.

About DWS Municipal Income Trust

(Get Free Report)

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.

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