8,000 Shares in DWS Municipal Income Trust (NYSE:KTF) Purchased by Optimum Investment Advisors

Optimum Investment Advisors purchased a new position in shares of DWS Municipal Income Trust (NYSE:KTF) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 8,000 shares of the investment management company’s stock, valued at approximately $76,000.

Other large investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its holdings 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 buying an additional 2,135 shares in the last quarter. Integrated Capital Management Inc. increased its holdings 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 in the last quarter. Park Avenue Securities LLC increased its holdings in DWS Municipal Income Trust by 10.6% in the fourth quarter. Park Avenue Securities LLC now owns 113,646 shares of the investment management company’s stock valued at $1,074,000 after buying an additional 10,885 shares in the last quarter. Walleye Capital LLC purchased a new position in DWS Municipal Income Trust in the third quarter valued at about $114,000. Finally, Axxcess Wealth Management LLC purchased a new position in DWS Municipal Income Trust in the fourth quarter valued at about $213,000. 57.71% of the stock is owned by hedge funds and other institutional investors.

DWS Municipal Income Trust Stock Up 0.3 %

Shares of DWS Municipal Income Trust stock opened at $9.37 on Monday. DWS Municipal Income Trust has a 12-month low of $8.92 and a 12-month high of $10.22. The company has a 50-day moving average of $9.53 and a two-hundred day moving average of $9.74.

DWS Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be given a $0.061 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.73 annualized dividend and a dividend yield of 7.82%.

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.