Melfa Wealth Management Inc. Trims Stake in DWS Municipal Income Trust (NYSE:KTF)

Melfa Wealth Management Inc. reduced its holdings in DWS Municipal Income Trust (NYSE:KTF) by 8.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 148,069 shares of the investment management company’s stock after selling 13,000 shares during the quarter. DWS Municipal Income Trust accounts for about 0.9% of Melfa Wealth Management Inc.’s investment portfolio, making the stock its 24th largest position. Melfa Wealth Management Inc. owned 0.38% of DWS Municipal Income Trust worth $1,399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of KTF. Transform Wealth LLC bought a new stake in DWS Municipal Income Trust during the fourth quarter worth about $546,000. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of DWS Municipal Income Trust by 17.6% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 570,351 shares of the investment management company’s stock worth $5,390,000 after acquiring an additional 85,515 shares during the last quarter. Park Avenue Securities LLC boosted its stake 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 in the last quarter. Integrated Capital Management Inc. grew its holdings in shares of DWS Municipal Income Trust by 17.0% during 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 last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of DWS Municipal Income Trust during the 3rd quarter valued at $1,595,000. Hedge funds and other institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Price Performance

DWS Municipal Income Trust stock opened at $9.45 on Wednesday. The firm has a fifty day simple moving average of $9.72 and a two-hundred day simple moving average of $9.79. DWS Municipal Income Trust has a twelve month low of $8.79 and a twelve month high of $10.22.

DWS Municipal Income Trust Increases Dividend

The business also recently announced a — dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be paid a $0.061 dividend. This represents a dividend yield of 7.7%. The ex-dividend date is Tuesday, January 21st. This is a positive change from DWS Municipal Income Trust’s previous — dividend of $0.02.

DWS Municipal Income Trust Company 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.