DWS Municipal Income Trust (NYSE:KTF) Shares Pass Above 50-Day Moving Average – Should You Sell?

DWS Municipal Income Trust (NYSE:KTF) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.14 and traded as high as $9.17. DWS Municipal Income Trust shares last traded at $9.1650, with a volume of 79,998 shares trading hands.

DWS Municipal Income Trust Stock Performance

The company’s fifty day moving average is $9.14 and its 200-day moving average is $9.13.

DWS Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be issued a $0.061 dividend. The ex-dividend date is Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%.

Institutional Investors Weigh In On DWS Municipal Income Trust

A number of institutional investors have recently added to or reduced their stakes in KTF. NewEdge Advisors LLC grew its stake in DWS Municipal Income Trust by 89.7% in the fourth quarter. NewEdge Advisors LLC now owns 68,473 shares of the investment management company’s stock valued at $622,000 after purchasing an additional 32,373 shares during the last quarter. &PARTNERS bought a new stake in shares of DWS Municipal Income Trust in the 4th quarter valued at about $455,000. Royal Bank of Canada grew its position in shares of DWS Municipal Income Trust by 26.0% in the 4th quarter. Royal Bank of Canada now owns 60,994 shares of the investment management company’s stock worth $554,000 after buying an additional 12,594 shares during the last quarter. Focus Partners Wealth bought a new position in shares of DWS Municipal Income Trust during the 4th quarter worth approximately $2,973,000. Finally, Kestra Advisory Services LLC purchased a new stake in DWS Municipal Income Trust during the fourth quarter valued at approximately $25,000. Institutional investors own 57.71% of the company’s stock.

About DWS Municipal Income Trust

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.