DWS Municipal Income Trust (NYSE:KTF) Shares Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC raised its holdings in shares of DWS Municipal Income Trust (NYSE:KTF) by 83.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 292,821 shares of the investment management company’s stock after acquiring an additional 132,813 shares during the quarter. Kovitz Investment Group Partners LLC owned approximately 0.75% of DWS Municipal Income Trust worth $2,767,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in KTF. Integrated Capital Management Inc. boosted its position in shares of DWS Municipal Income Trust by 17.0% in the 4th quarter. Integrated Capital Management Inc. now owns 23,715 shares of the investment management company’s stock valued at $224,000 after purchasing an additional 3,454 shares during the period. Optimum Investment Advisors acquired a new stake in shares of DWS Municipal Income Trust in the 4th quarter valued at about $76,000. Envestnet Asset Management Inc. boosted its position in shares of DWS Municipal Income Trust by 8.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 124,226 shares of the investment management company’s stock valued at $1,174,000 after purchasing an additional 9,673 shares during the period. Mariner LLC acquired a new stake in shares of DWS Municipal Income Trust in the 4th quarter valued at about $102,000. Finally, Park Avenue Securities LLC boosted its position in shares of DWS Municipal Income Trust by 10.6% in the 4th quarter. Park Avenue Securities LLC now owns 113,646 shares of the investment management company’s stock valued at $1,074,000 after purchasing an additional 10,885 shares during the period. 57.71% of the stock is owned by institutional investors and hedge funds.

DWS Municipal Income Trust Stock Down 0.1 %

KTF opened at $9.01 on Tuesday. The business has a 50 day moving average price of $9.29 and a two-hundred day moving average price of $9.58. DWS Municipal Income Trust has a 52 week low of $8.75 and a 52 week high of $10.22.

DWS Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 21st will be paid a dividend of $0.061 per share. This represents a $0.73 annualized dividend and a yield of 8.13%. The ex-dividend date of this dividend is Monday, April 21st.

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.