DWS Municipal Income Trust (NYSE:KTF) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of DWS Municipal Income Trust (NYSE:KTF) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.79 and traded as low as $9.43. DWS Municipal Income Trust shares last traded at $9.51, with a volume of 90,870 shares traded.

DWS Municipal Income Trust Trading Up 0.7 %

The firm has a fifty day simple moving average of $9.81 and a 200-day simple moving average of $9.79.

DWS Municipal Income Trust Cuts Dividend

The company also recently declared a — dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be issued a $0.0156 dividend. This represents a yield of 7.6%. The ex-dividend date is Monday, December 30th.

Institutional Trading of DWS Municipal Income Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in shares of DWS Municipal Income Trust by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 78,626 shares of the investment management company’s stock worth $745,000 after buying an additional 1,689 shares during the period. HighTower Advisors LLC boosted its stake in DWS Municipal Income Trust by 18.5% in the third quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company’s stock valued at $135,000 after acquiring an additional 2,135 shares during the last quarter. US Bancorp DE acquired a new stake in DWS Municipal Income Trust during the 3rd quarter worth $80,000. Walleye Capital LLC bought a new stake in shares of DWS Municipal Income Trust during the 3rd quarter valued at $114,000. Finally, City of London Investment Management Co. Ltd. lifted its stake in shares of DWS Municipal Income Trust by 3.8% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 412,392 shares of the investment management company’s stock valued at $3,905,000 after purchasing an additional 15,127 shares during the period. 57.71% of the stock is owned by institutional investors.

About DWS Municipal Income Trust

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.