Transform Wealth LLC Takes Position in DWS Municipal Income Trust (NYSE:KTF)

Transform Wealth LLC acquired a new position in DWS Municipal Income Trust (NYSE:KTF) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 57,714 shares of the investment management company’s stock, valued at approximately $546,000.

Several other institutional investors have also added to or reduced their stakes in KTF. HighTower Advisors LLC boosted its position in shares of DWS Municipal Income Trust by 18.5% during the 3rd quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company’s stock valued at $135,000 after purchasing an additional 2,135 shares in the last quarter. Integrated Capital Management Inc. lifted its stake in DWS Municipal Income Trust by 17.0% in the fourth quarter. Integrated Capital Management Inc. now owns 23,715 shares of the investment management company’s stock valued at $224,000 after buying an additional 3,454 shares during the period. US Bancorp DE acquired a new position in DWS Municipal Income Trust in the third quarter valued at approximately $80,000. Park Avenue Securities LLC boosted its holdings in shares of DWS Municipal Income Trust by 10.6% during the 4th quarter. Park Avenue Securities LLC now owns 113,646 shares of the investment management company’s stock worth $1,074,000 after buying an additional 10,885 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of DWS Municipal Income Trust during the 3rd quarter worth approximately $114,000. 57.71% of the stock is currently owned by institutional investors.

DWS Municipal Income Trust Trading Down 0.6 %

DWS Municipal Income Trust stock opened at $9.45 on Wednesday. DWS Municipal Income Trust has a 12-month low of $8.79 and a 12-month high of $10.22. The firm’s fifty day moving average is $9.72 and its 200 day moving average is $9.79.

DWS Municipal Income Trust Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be issued a dividend of $0.061 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a dividend yield of 7.7%. This is a positive change from DWS Municipal Income Trust’s previous — dividend of $0.02.

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.