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

Pathstone Holdings LLC lowered its position in shares of DWS Municipal Income Trust (NYSE:KTF) by 42.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 984,629 shares of the investment management company’s stock after selling 725,699 shares during the period. Pathstone Holdings LLC owned 2.51% of DWS Municipal Income Trust worth $9,817,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. US Bancorp DE bought a new position in DWS Municipal Income Trust during the 3rd quarter worth $80,000. Dakota Wealth Management bought a new position in DWS Municipal Income Trust during the 2nd quarter worth $95,000. Integrated Capital Management Inc. increased its stake in DWS Municipal Income Trust by 9.7% during the 2nd quarter. Integrated Capital Management Inc. now owns 20,357 shares of the investment management company’s stock worth $193,000 after acquiring an additional 1,792 shares during the period. Kingswood Wealth Advisors LLC bought a new position in DWS Municipal Income Trust during the 2nd quarter worth $236,000. Finally, Whitebox Advisors LLC bought a new position in DWS Municipal Income Trust during the 2nd quarter worth $597,000. Institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Stock Performance

DWS Municipal Income Trust stock opened at $9.95 on Thursday. The stock’s fifty day moving average price is $9.94 and its two-hundred day moving average price is $9.72. DWS Municipal Income Trust has a one year low of $8.27 and a one year high of $10.22.

DWS Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Wednesday, November 20th will be paid a $0.061 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $0.73 annualized dividend and a dividend yield of 7.36%.

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.