Pathstone Holdings LLC Sells 725,699 Shares of DWS Municipal Income Trust (NYSE:KTF)

Pathstone Holdings LLC decreased its holdings in DWS Municipal Income Trust (NYSE:KTF) by 42.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 984,629 shares of the investment management company’s stock after selling 725,699 shares during the period. Pathstone Holdings LLC’s holdings in DWS Municipal Income Trust were worth $9,817,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC bought a new position in shares of DWS Municipal Income Trust in the 2nd quarter valued at $848,000. US Bancorp DE acquired a new stake in shares of DWS Municipal Income Trust during the 3rd quarter valued at $80,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of DWS Municipal Income Trust by 28.0% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 484,836 shares of the investment management company’s stock valued at $4,834,000 after acquiring an additional 106,180 shares in the last quarter. HB Wealth Management LLC acquired a new stake in shares of DWS Municipal Income Trust during the 2nd quarter valued at $1,420,000. Finally, Logan Stone Capital LLC boosted its holdings in shares of DWS Municipal Income Trust by 17.7% during the 2nd 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 in the last quarter. Institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Price Performance

NYSE KTF opened at $9.95 on Thursday. DWS Municipal Income Trust has a twelve month low of $8.27 and a twelve month high of $10.22. The business’s fifty day moving average is $9.94 and its 200 day moving average is $9.72.

DWS Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.061 per share. This represents a $0.73 annualized dividend and a dividend yield of 7.36%. The ex-dividend date is Wednesday, November 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.