Livelsberger Financial Advisory purchased a new stake in shares of DWS Municipal Income Trust (NYSE:KTF – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 72,382 shares of the investment management company’s stock, valued at approximately $586,000. DWS Municipal Income Trust comprises about 3.1% of Livelsberger Financial Advisory’s investment portfolio, making the stock its 8th biggest holding.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wedbush Securities Inc. lifted its stake in shares of DWS Municipal Income Trust by 2.3% in the 3rd quarter. Wedbush Securities Inc. now owns 95,926 shares of the investment management company’s stock worth $777,000 after purchasing an additional 2,200 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of DWS Municipal Income Trust by 18.7% in the second quarter. Envestnet Asset Management Inc. now owns 19,402 shares of the investment management company’s stock worth $178,000 after buying an additional 3,053 shares during the last quarter. Readystate Asset Management LP bought a new stake in DWS Municipal Income Trust during the second quarter valued at approximately $138,000. Concurrent Investment Advisors LLC grew its position in DWS Municipal Income Trust by 50.7% during the second quarter. Concurrent Investment Advisors LLC now owns 77,850 shares of the investment management company’s stock valued at $716,000 after buying an additional 26,200 shares during the period. Finally, Susquehanna International Group LLP bought a new stake in DWS Municipal Income Trust during the second quarter valued at approximately $110,000. Hedge funds and other institutional investors own 57.71% of the company’s stock.
DWS Municipal Income Trust Stock Up 0.5%
Shares of KTF stock opened at $8.25 on Friday. DWS Municipal Income Trust has a 12 month low of $7.95 and a 12 month high of $9.37. The company has a 50 day simple moving average of $8.35 and a two-hundred day simple moving average of $8.91.
DWS Municipal Income Trust Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st will be paid a dividend of $0.0610 per share. This represents a $0.73 annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Wednesday, October 21st.
DWS Municipal Income Trust Company Profile
DWS Municipal Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol KTF. The fund seeks to provide a high level of current income that is exempt from regular federal income tax, while also pursuing preservation of capital and, to a lesser extent, long-term capital appreciation.
The trust invests primarily in municipal securities issued by states, municipalities and other public authorities throughout the United States. Its portfolio may include bonds and other fixed-income instruments that finance public infrastructure and services, such as schools, transportation systems, utilities and healthcare facilities.
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