International Assets Investment Management LLC Takes Position in DWS Strategic Municipal Income Trust (NYSE:KSM)

International Assets Investment Management LLC acquired a new position in DWS Strategic Municipal Income Trust (NYSE:KSM) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 42,961 shares of the investment management company’s stock, valued at approximately $4,216,000. International Assets Investment Management LLC owned approximately 0.39% of DWS Strategic Municipal Income Trust as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KSM. Almitas Capital LLC increased its position in shares of DWS Strategic Municipal Income Trust by 111.2% during the 2nd quarter. Almitas Capital LLC now owns 276,617 shares of the investment management company’s stock valued at $2,727,000 after purchasing an additional 145,631 shares during the last quarter. Logan Stone Capital LLC grew its position in DWS Strategic Municipal Income Trust by 4.0% during the second quarter. Logan Stone Capital LLC now owns 211,297 shares of the investment management company’s stock valued at $2,083,000 after buying an additional 8,115 shares during the period. Whitebox Advisors LLC purchased a new stake in DWS Strategic Municipal Income Trust during the first quarter worth about $311,000. Sanctuary Advisors LLC bought a new stake in DWS Strategic Municipal Income Trust in the second quarter worth about $211,000. Finally, Catalina Capital Group LLC boosted its stake in DWS Strategic Municipal Income Trust by 8.8% in the second quarter. Catalina Capital Group LLC now owns 13,072 shares of the investment management company’s stock valued at $129,000 after acquiring an additional 1,059 shares during the last quarter. Hedge funds and other institutional investors own 53.77% of the company’s stock.

DWS Strategic Municipal Income Trust Stock Performance

Shares of KSM stock opened at $10.08 on Friday. The company has a 50 day moving average of $10.13 and a 200-day moving average of $9.89. DWS Strategic Municipal Income Trust has a 12-month low of $7.47 and a 12-month high of $10.25.

DWS Strategic Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th were given a $0.023 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Thursday, October 17th.

About DWS Strategic Municipal Income Trust

Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc The fund invests in the fixed income markets of the United States. It primarily invests investment grade or unrated municipal securities of comparable quality, as well as in high-yield municipal securities that are below investment grade.