Noble Wealth Management PBC Makes New Investment in DWS Municipal Income Trust (NYSE:KTF)

Noble Wealth Management PBC acquired a new position in shares of DWS Municipal Income Trust (NYSE:KTF) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 75,175 shares of the investment management company’s stock, valued at approximately $710,000.

A number of other large investors also recently added to or reduced their stakes in the stock. HighTower Advisors LLC raised its position in DWS Municipal Income Trust by 18.5% during the third quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company’s stock worth $135,000 after acquiring an additional 2,135 shares during the period. Integrated Capital Management Inc. raised its position in DWS Municipal Income Trust by 17.0% during the fourth quarter. Integrated Capital Management Inc. now owns 23,715 shares of the investment management company’s stock worth $224,000 after acquiring an additional 3,454 shares during the period. US Bancorp DE acquired a new position in DWS Municipal Income Trust during the third quarter worth $80,000. Park Avenue Securities LLC raised its position in DWS Municipal Income Trust by 10.6% during the fourth quarter. Park Avenue Securities LLC now owns 113,646 shares of the investment management company’s stock worth $1,074,000 after acquiring an additional 10,885 shares during the period. Finally, Walleye Capital LLC acquired a new position in DWS Municipal Income Trust during the third quarter worth $114,000. 57.71% of the stock is currently owned by institutional investors and hedge funds.

DWS Municipal Income Trust Stock Performance

NYSE:KTF opened at $9.70 on Friday. DWS Municipal Income Trust has a fifty-two week low of $8.90 and a fifty-two week high of $10.22. The company has a fifty day moving average of $9.54 and a two-hundred day moving average of $9.77.

DWS Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.061 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date of this dividend was Thursday, February 20th.

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.