Melfa Wealth Management Inc. Sells 13,000 Shares of DWS Municipal Income Trust (NYSE:KTF)

Melfa Wealth Management Inc. lowered its holdings in DWS Municipal Income Trust (NYSE:KTF) by 8.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 148,069 shares of the investment management company’s stock after selling 13,000 shares during the quarter. DWS Municipal Income Trust makes up about 0.9% of Melfa Wealth Management Inc.’s investment portfolio, making the stock its 24th largest holding. Melfa Wealth Management Inc.’s holdings in DWS Municipal Income Trust were worth $1,399,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. US Bancorp DE purchased a new stake in DWS Municipal Income Trust in the third quarter worth $80,000. Walleye Capital LLC purchased a new stake in shares of DWS Municipal Income Trust in the 3rd quarter worth about $114,000. HighTower Advisors LLC boosted its stake in shares of DWS Municipal Income Trust by 18.5% during the 3rd quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company’s stock valued at $135,000 after purchasing an additional 2,135 shares in the last quarter. Integrated Capital Management Inc. increased its position 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 valued at $224,000 after buying an additional 3,454 shares during the period. Finally, Dakota Wealth Management raised its stake in DWS Municipal Income Trust by 259.0% in the third quarter. Dakota Wealth Management now owns 35,900 shares of the investment management company’s stock worth $358,000 after buying an additional 25,900 shares in the last quarter. 57.71% of the stock is currently owned by institutional investors.

DWS Municipal Income Trust Stock Performance

Shares of KTF opened at $9.45 on Wednesday. DWS Municipal Income Trust has a one year low of $8.79 and a one year high of $10.22. The company has a 50-day simple moving average of $9.72 and a two-hundred day simple moving average of $9.79.

DWS Municipal Income Trust Increases Dividend

The company also recently declared a — dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 21st will be given a dividend of $0.061 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This is a positive change from DWS Municipal Income Trust’s previous — dividend of $0.02. This represents a dividend yield of 7.7%.

About DWS Municipal Income Trust

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.