DWS Municipal Income Trust (NYSE:KTF) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

DWS Municipal Income Trust (NYSE:KTF)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.11 and traded as low as $9.09. DWS Municipal Income Trust shares last traded at $9.1510, with a volume of 62,525 shares changing hands.

DWS Municipal Income Trust Stock Performance

The business has a 50-day moving average price of $9.05 and a 200 day moving average price of $9.11.

DWS Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Wednesday, May 20th were given a dividend of $0.061 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date was Wednesday, May 20th.

Institutional Investors Weigh In On DWS Municipal Income Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in shares of DWS Municipal Income Trust during the 4th quarter valued at $25,000. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in shares of DWS Municipal Income Trust in the fourth quarter worth $89,000. GM Advisory Group LLC acquired a new stake in shares of DWS Municipal Income Trust in the fourth quarter worth $93,000. Thrivent Financial for Lutherans acquired a new stake in shares of DWS Municipal Income Trust in the third quarter worth $107,000. Finally, Savvy Advisors Inc. acquired a new stake in shares of DWS Municipal Income Trust in the third quarter worth $153,000. Institutional investors and hedge funds own 57.71% of the company’s stock.

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.