Hennion & Walsh Asset Management Inc. Sells 224,343 Shares of DWS Municipal Income Trust $KTF

Hennion & Walsh Asset Management Inc. trimmed its holdings in shares of DWS Municipal Income Trust (NYSE:KTF) by 52.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 205,379 shares of the investment management company’s stock after selling 224,343 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in DWS Municipal Income Trust were worth $1,889,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its position in DWS Municipal Income Trust by 9.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 21,442 shares of the investment management company’s stock valued at $195,000 after buying an additional 1,840 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of DWS Municipal Income Trust in the fourth quarter worth $25,000. Osaic Holdings Inc. increased its holdings in shares of DWS Municipal Income Trust by 15.7% during the second quarter. Osaic Holdings Inc. now owns 21,403 shares of the investment management company’s stock valued at $189,000 after acquiring an additional 2,902 shares in the last quarter. Wedbush Securities Inc. raised its position in shares of DWS Municipal Income Trust by 10.2% in the 4th quarter. Wedbush Securities Inc. now owns 77,244 shares of the investment management company’s stock worth $702,000 after purchasing an additional 7,177 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in DWS Municipal Income Trust by 16.3% in the 1st quarter. Royal Bank of Canada now owns 70,959 shares of the investment management company’s stock worth $646,000 after purchasing an additional 9,965 shares in the last quarter. Hedge funds and other institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Price Performance

Shares of KTF stock opened at $8.99 on Wednesday. DWS Municipal Income Trust has a one year low of $8.55 and a one year high of $9.37. The company’s 50-day moving average is $9.11 and its 200 day moving average is $9.10.

DWS Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be paid a $0.061 dividend. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Wednesday, August 19th.

DWS Municipal Income Trust Company Profile

DWS Municipal Income Trust (NYSE: KTF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax. Established in 2002, the fund is managed by DWS Group, a global asset management firm and affiliate of Deutsche Bank, and trades on the New York Stock Exchange under the ticker symbol KTF. Its structure allows investors access to a diversified portfolio of municipal securities with the potential for tax-advantaged income distributions.

The trust’s investment strategy focuses primarily on investment-grade municipal bonds issued by U.S.