Quarry LP Acquires New Shares in DWS Strategic Municipal Income Trust (NYSE:KSM)

Quarry LP acquired a new stake in DWS Strategic Municipal Income Trust (NYSE:KSM) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 77,473 shares of the investment management company’s stock, valued at approximately $789,000. Quarry LP owned about 0.70% of DWS Strategic Municipal Income Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KSM. Almitas Capital LLC lifted its stake in shares of DWS Strategic Municipal Income Trust by 111.2% in the 2nd quarter. Almitas Capital LLC now owns 276,617 shares of the investment management company’s stock valued at $2,727,000 after purchasing an additional 145,631 shares during the last quarter. Ackerman Capital Advisors LLC acquired a new stake in shares of DWS Strategic Municipal Income Trust in the third quarter valued at about $484,000. International Assets Investment Management LLC bought a new position in shares of DWS Strategic Municipal Income Trust in the third quarter worth about $4,216,000. Sanctuary Advisors LLC acquired a new position in shares of DWS Strategic Municipal Income Trust during the 2nd quarter worth about $211,000. Finally, Logan Stone Capital LLC boosted its stake in DWS Strategic Municipal Income Trust by 4.0% during the 2nd quarter. Logan Stone Capital LLC now owns 211,297 shares of the investment management company’s stock valued at $2,083,000 after purchasing an additional 8,115 shares during the period. Institutional investors and hedge funds own 53.77% of the company’s stock.

DWS Strategic Municipal Income Trust Stock Up 0.4 %

Shares of NYSE KSM opened at $10.08 on Thursday. DWS Strategic Municipal Income Trust has a 12 month low of $8.00 and a 12 month high of $10.25. The business’s 50 day moving average is $10.11 and its two-hundred day moving average is $9.98.

DWS Strategic Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 17th were given a dividend of $0.023 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Thursday, October 17th.

DWS Strategic Municipal Income Trust Company Profile

Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc The fund invests in the fixed income markets of the United States. It primarily invests investment grade or unrated municipal securities of comparable quality, as well as in high-yield municipal securities that are below investment grade.