DWS Municipal Income Trust (NYSE:KTF) Stake Lowered by Mackay Shields LLC

Mackay Shields LLC cut its stake in shares of DWS Municipal Income Trust (NYSE:KTF) by 1.2% in the 4th quarter, Holdings Channel reports. The firm owned 173,963 shares of the investment management company’s stock after selling 2,053 shares during the quarter. Mackay Shields LLC’s holdings in DWS Municipal Income Trust were worth $1,644,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Park Avenue Securities LLC grew its holdings in shares of DWS Municipal Income Trust by 10.6% during the fourth quarter. Park Avenue Securities LLC now owns 113,646 shares of the investment management company’s stock valued at $1,074,000 after purchasing an additional 10,885 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of DWS Municipal Income Trust by 18.5% during the third quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company’s stock worth $135,000 after buying an additional 2,135 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of DWS Municipal Income Trust by 17.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 570,351 shares of the investment management company’s stock worth $5,390,000 after buying an additional 85,515 shares during the period. US Bancorp DE acquired a new position in shares of DWS Municipal Income Trust during the third quarter worth approximately $80,000. Finally, Transform Wealth LLC acquired a new position in shares of DWS Municipal Income Trust during the fourth quarter worth approximately $546,000. 57.71% of the stock is owned by institutional investors.

DWS Municipal Income Trust Trading Up 0.5 %

Shares of NYSE KTF opened at $9.68 on Friday. The stock has a 50 day simple moving average of $9.54 and a 200-day simple moving average of $9.77. DWS Municipal Income Trust has a 12-month low of $8.87 and a 12-month high of $10.22.

DWS Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.061 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.73 annualized dividend and a dividend yield of 7.57%.

DWS Municipal Income Trust Profile

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.