Insider Selling: Philip G. Condon Sells 6,900 Shares of DWS Municipal Income Trust Stock (KTF)
DWS Municipal Income Trust (NYSE:KTF) Portfolio Manager Philip G. Condon unloaded 6,900 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $13.45, for a total value of $92,805.00. Following the transaction, the portfolio manager now directly owns 136,100 shares in the company, valued at approximately $1,830,545. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of DWS Municipal Income Trust (NYSE:KTF) traded down 0.07% on Monday, hitting $13.43. The stock had a trading volume of 27,062 shares. DWS Municipal Income Trust has a 52 week low of $11.55 and a 52 week high of $13.73. The stock has a 50-day moving average of $13.44 and a 200-day moving average of $13.10.
The company also recently declared a monthly dividend, which is scheduled for Thursday, July 31st. Investors of record on Monday, July 21st will be given a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date of this dividend is Thursday, July 17th.
DWS Municipal Income Trust (NYSE:KTF) is a closed-end diversified management investment company.
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