Hennion & Walsh Asset Management Inc. Boosts Stock Position in DWS Municipal Income Trust (NYSE:KTF)

Hennion & Walsh Asset Management Inc. raised its position in shares of DWS Municipal Income Trust (NYSE:KTF) by 17.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 570,351 shares of the investment management company’s stock after buying an additional 85,515 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 1.46% of DWS Municipal Income Trust worth $5,390,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of KTF. Logan Stone Capital LLC lifted its position in DWS Municipal Income Trust by 17.7% during the second quarter. Logan Stone Capital LLC now owns 653,273 shares of the investment management company’s stock valued at $6,186,000 after acquiring an additional 98,334 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of DWS Municipal Income Trust during the 3rd quarter valued at $1,595,000. Park Avenue Securities LLC lifted 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 valued at $1,074,000 after purchasing an additional 10,885 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of DWS Municipal Income Trust by 2.2% in 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 purchasing an additional 1,689 shares in the last quarter. Finally, Whitebox Advisors LLC purchased a new stake in shares of DWS Municipal Income Trust during the second quarter worth about $597,000. 57.71% of the stock is currently owned by institutional investors.

DWS Municipal Income Trust Stock Performance

Shares of KTF opened at $9.42 on Thursday. DWS Municipal Income Trust has a 52 week low of $8.72 and a 52 week high of $10.22. The stock’s 50-day moving average price is $9.76 and its 200-day moving average price is $9.79.

DWS Municipal Income Trust Increases Dividend

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

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.