DWS Municipal Income Trust (NYSE:KTF) Shares Pass Below 50-Day Moving Average – Time to Sell?

Shares of DWS Municipal Income Trust (NYSE:KTF) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.11 and traded as low as $8.98. DWS Municipal Income Trust shares last traded at $8.99, with a volume of 211,271 shares changing hands.

DWS Municipal Income Trust Stock Performance

The stock’s 50 day moving average is $9.11 and its 200-day moving average is $9.01.

DWS Municipal Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st will be given a dividend of $0.061 per share. The ex-dividend date is Wednesday, January 21st. This represents a c) annualized dividend and a dividend yield of 8.1%. This is a positive change from DWS Municipal Income Trust’s previous monthly dividend of $0.03.

Institutional Investors Weigh In On DWS Municipal Income Trust

Several large investors have recently added to or reduced their stakes in the stock. River Street Advisors LLC bought a new stake in shares of DWS Municipal Income Trust in the 2nd quarter valued at approximately $97,000. Motco purchased a new stake in DWS Municipal Income Trust during the 2nd quarter valued at $31,000. Wedbush Securities Inc. purchased a new stake in DWS Municipal Income Trust during the 2nd quarter valued at $628,000. Wellspring Financial Advisors LLC lifted its position in DWS Municipal Income Trust by 21.5% in the second 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. Finally, Karpus Management Inc. boosted its stake 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 worth $27,032,000 after buying an additional 684,776 shares during the period. 57.71% of the stock is owned by institutional investors.

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.