Ackerman Capital Advisors LLC Acquires Shares of 47,533 DWS Strategic Municipal Income Trust (NYSE:KSM)

Ackerman Capital Advisors LLC bought a new stake in DWS Strategic Municipal Income Trust (NYSE:KSM) during the 3rd quarter, Holdings Channel reports. The firm bought 47,533 shares of the investment management company’s stock, valued at approximately $484,000.

A number of other institutional investors have also modified their holdings of KSM. Almitas Capital LLC raised its position in DWS Strategic Municipal Income Trust by 111.2% during the 2nd quarter. Almitas Capital LLC now owns 276,617 shares of the investment management company’s stock worth $2,727,000 after buying an additional 145,631 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of DWS Strategic Municipal Income Trust during the third quarter worth about $4,216,000. Whitebox Advisors LLC purchased a new position in DWS Strategic Municipal Income Trust during the first quarter worth about $311,000. Sanctuary Advisors LLC acquired a new stake in DWS Strategic Municipal Income Trust in the second quarter valued at about $211,000. Finally, Logan Stone Capital LLC lifted its position in DWS Strategic Municipal Income Trust by 4.0% in the second quarter. Logan Stone Capital LLC now owns 211,297 shares of the investment management company’s stock valued at $2,083,000 after purchasing an additional 8,115 shares during the period. Institutional investors and hedge funds own 53.77% of the company’s stock.

DWS Strategic Municipal Income Trust Stock Performance

Shares of NYSE KSM opened at $10.07 on Friday. The company’s fifty day moving average is $10.13 and its two-hundred day moving average is $9.88. DWS Strategic Municipal Income Trust has a one year low of $7.25 and a one year high of $10.25.

DWS Strategic Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.023 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.74%.

About DWS Strategic Municipal Income Trust

Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc The fund invests in the fixed income markets of the United States. It primarily invests investment grade or unrated municipal securities of comparable quality, as well as in high-yield municipal securities that are below investment grade.