Hennion & Walsh Asset Management Inc. Has $6.51 Million Holdings in DWS Municipal Income Trust (NYSE:KTF)

Hennion & Walsh Asset Management Inc. decreased its holdings in DWS Municipal Income Trust (NYSE:KTF) by 14.6% during the first quarter, Holdings Channel.com reports. The firm owned 721,164 shares of the investment management company’s stock after selling 123,446 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in DWS Municipal Income Trust were worth $6,512,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC acquired a new position in shares of DWS Municipal Income Trust in the 4th quarter valued at about $79,000. Gridiron Partners LLC acquired a new position in shares of DWS Municipal Income Trust in the 4th quarter valued at about $136,000. Flow State Investments L.P. acquired a new position in shares of DWS Municipal Income Trust in the 4th quarter valued at about $161,000. Alpine Global Management LLC acquired a new position in shares of DWS Municipal Income Trust in the 3rd quarter valued at about $193,000. Finally, Camelot Portfolios LLC increased its holdings in shares of DWS Municipal Income Trust by 34.6% in the 4th quarter. Camelot Portfolios LLC now owns 23,563 shares of the investment management company’s stock valued at $209,000 after purchasing an additional 6,059 shares during the period. Institutional investors and hedge funds own 57.71% of the company’s stock.

DWS Municipal Income Trust Price Performance

Shares of KTF traded down $0.08 during trading hours on Friday, reaching $9.47. The company’s stock had a trading volume of 128,189 shares, compared to its average volume of 86,678. DWS Municipal Income Trust has a 1-year low of $7.40 and a 1-year high of $9.68. The company has a 50 day moving average of $9.44 and a two-hundred day moving average of $9.17.

DWS Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 20th were paid a $0.061 dividend. The ex-dividend date was Thursday, June 20th. This represents a $0.73 annualized dividend and a dividend yield of 7.73%.

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.