DWS Municipal Income Trust $KTF Position Trimmed by 1607 Capital Partners LLC

1607 Capital Partners LLC decreased its holdings in shares of DWS Municipal Income Trust (NYSE:KTF) by 14.9% in the 4th quarter, Holdings Channel reports. The firm owned 1,140,943 shares of the investment management company’s stock after selling 200,540 shares during the quarter. 1607 Capital Partners LLC’s holdings in DWS Municipal Income Trust were worth $10,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. &PARTNERS acquired a new position in shares of DWS Municipal Income Trust during the fourth quarter valued at $455,000. Royal Bank of Canada boosted its holdings in shares of DWS Municipal Income Trust by 26.0% during the fourth quarter. Royal Bank of Canada now owns 60,994 shares of the investment management company’s stock valued at $554,000 after acquiring an additional 12,594 shares during the period. Focus Partners Wealth acquired a new position in shares of DWS Municipal Income Trust during the fourth quarter valued at $2,973,000. Kestra Advisory Services LLC acquired a new position in shares of DWS Municipal Income Trust during the fourth quarter valued at $25,000. Finally, GM Advisory Group LLC acquired a new position in shares of DWS Municipal Income Trust during the fourth quarter valued at $93,000. Institutional investors and hedge funds own 57.71% of the company’s stock.

DWS Municipal Income Trust Price Performance

Shares of KTF opened at $9.22 on Thursday. DWS Municipal Income Trust has a 1 year low of $8.48 and a 1 year high of $9.37. The firm has a fifty day moving average of $9.10 and a 200-day moving average of $9.11.

DWS Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th will be issued a dividend of $0.061 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a c) annualized dividend and a dividend yield of 7.9%.

DWS Municipal Income Trust Company Profile

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.