Elequin Capital LP Acquires New Stake in DWS Municipal Income Trust (NYSE:KTF)

Elequin Capital LP acquired a new stake in DWS Municipal Income Trust (NYSE:KTF) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,143 shares of the investment management company’s stock, valued at approximately $68,000.

A number of other large investors also recently bought and sold shares of the company. Navigoe LLC purchased a new stake in shares of DWS Municipal Income Trust in the fourth quarter valued at about $63,000. Optimum Investment Advisors purchased a new position in DWS Municipal Income Trust during the 4th quarter valued at about $76,000. Mariner LLC acquired a new position in DWS Municipal Income Trust during the fourth quarter worth about $102,000. Axxcess Wealth Management LLC acquired a new position in DWS Municipal Income Trust during the fourth quarter worth about $213,000. Finally, Guggenheim Capital LLC purchased a new stake in shares of DWS Municipal Income Trust in the fourth quarter valued at about $224,000. Hedge funds and other institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Trading Down 0.2%

KTF stock opened at $9.05 on Wednesday. The company’s 50 day simple moving average is $9.14 and its 200-day simple moving average is $9.49. DWS Municipal Income Trust has a 12 month low of $8.75 and a 12 month high of $10.22.

DWS Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be given a dividend of $0.061 per share. This represents a $0.73 annualized dividend and a yield of 8.09%. The ex-dividend date is Monday, May 19th.

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.