StoneX Group Inc. Invests $700,000 in DWS Municipal Income Trust (NYSE:KTF)

StoneX Group Inc. bought a new stake in DWS Municipal Income Trust (NYSE:KTF) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 74,085 shares of the investment management company’s stock, valued at approximately $700,000. StoneX Group Inc. owned about 0.19% of DWS Municipal Income Trust at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of KTF. Optimum Investment Advisors acquired a new stake in shares of DWS Municipal Income Trust in the fourth quarter valued at about $76,000. Walleye Capital LLC acquired a new stake in DWS Municipal Income Trust in the 3rd quarter valued at approximately $114,000. HighTower Advisors LLC grew its holdings in DWS Municipal Income Trust by 18.5% in the 3rd quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company’s stock valued at $135,000 after buying an additional 2,135 shares during the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of DWS Municipal Income Trust during the fourth quarter worth approximately $213,000. Finally, Integrated Capital Management Inc. lifted its holdings in shares of DWS Municipal Income Trust by 17.0% during the fourth quarter. Integrated Capital Management Inc. now owns 23,715 shares of the investment management company’s stock worth $224,000 after buying an additional 3,454 shares during the last quarter. Institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Stock Performance

Shares of DWS Municipal Income Trust stock opened at $9.38 on Thursday. DWS Municipal Income Trust has a 1 year low of $9.25 and a 1 year high of $10.22. The company’s fifty day simple moving average is $9.52 and its 200-day simple moving average is $9.71.

DWS Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a $0.061 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.73 annualized dividend and a yield of 7.80%.

DWS Municipal Income Trust 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.