DWS Municipal Income Trust (NYSE:KTF) Stock Crosses Below 200 Day Moving Average – Here’s Why

Posted by Hayley Millar on Feb 20th, 2025

DWS Municipal Income Trust (NYSE:KTF – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.78 and traded as low as $9.63. DWS Municipal Income Trust shares last traded at $9.67, with a volume of 152,715 shares trading hands.

DWS Municipal Income Trust Price Performance

The company’s 50 day moving average is $9.55 and its 200 day moving average is $9.78.

DWS Municipal Income Trust Announces Dividend

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

Hedge Funds Weigh In On DWS Municipal Income Trust

Large investors have recently modified their holdings of the business. Navigoe LLC bought a new position in shares of DWS Municipal Income Trust during the fourth quarter valued at $63,000. Elequin Capital LP bought a new position in shares of DWS Municipal Income Trust during the fourth quarter valued at $68,000. Optimum Investment Advisors bought a new position in shares of DWS Municipal Income Trust during the fourth quarter valued at $76,000. US Bancorp DE bought a new position in shares of DWS Municipal Income Trust during the third quarter valued at $80,000. Finally, Mariner LLC bought a new position in shares of DWS Municipal Income Trust during the fourth quarter valued at $102,000. Institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Company Profile

(Get Free Report)

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.