StoneX Group Inc. Invests $700,000 in DWS Municipal Income Trust (NYSE:KTF)

StoneX Group Inc. bought a new stake in DWS Municipal Income Trust (NYSE:KTF) in the fourth quarter, Holdings Channel reports. The institutional investor bought 74,085 shares of the investment management company’s stock, valued at approximately $700,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Optimum Investment Advisors bought a new stake in DWS Municipal Income Trust in the 4th quarter valued at $76,000. Walleye Capital LLC acquired a new stake in shares of DWS Municipal Income Trust during the 3rd quarter valued at about $114,000. HighTower Advisors LLC increased 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 period. Axxcess Wealth Management LLC acquired a new position in DWS Municipal Income Trust in the fourth quarter worth about $213,000. Finally, Integrated Capital Management Inc. lifted its stake 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 purchasing an additional 3,454 shares during the period. 57.71% of the stock is owned by institutional investors.

DWS Municipal Income Trust Stock Down 0.3 %

NYSE KTF opened at $9.38 on Thursday. DWS Municipal Income Trust has a 1-year low of $9.25 and a 1-year high of $10.22. The stock’s 50 day moving average is $9.52 and its two-hundred day moving average is $9.71.

DWS Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a $0.061 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date was Thursday, March 20th.

DWS Municipal Income Trust Company 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.