Sit Investment Associates Inc. Has $84.84 Million Holdings in DWS Municipal Income Trust (NYSE:KTF)

Sit Investment Associates Inc. increased its position in DWS Municipal Income Trust (NYSE:KTF) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,977,294 shares of the investment management company’s stock after buying an additional 439,876 shares during the period. DWS Municipal Income Trust accounts for 1.9% of Sit Investment Associates Inc.’s portfolio, making the stock its 5th largest holding. Sit Investment Associates Inc. owned 0.23% of DWS Municipal Income Trust worth $84,835,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KTF. Optimum Investment Advisors bought a new stake in DWS Municipal Income Trust in the fourth quarter worth approximately $76,000. Walleye Capital LLC acquired a new stake in shares of DWS Municipal Income Trust in the 3rd quarter valued at $114,000. HighTower Advisors LLC lifted its stake in shares of DWS Municipal Income Trust by 18.5% in the 3rd quarter. HighTower Advisors LLC now owns 13,651 shares of the investment management company’s stock valued at $135,000 after purchasing an additional 2,135 shares during the last quarter. Axxcess Wealth Management LLC bought a new stake in DWS Municipal Income Trust in the fourth quarter worth $213,000. Finally, Integrated Capital Management Inc. increased its position in DWS Municipal Income Trust by 17.0% during the fourth quarter. Integrated Capital Management Inc. now owns 23,715 shares of the investment management company’s stock worth $224,000 after buying an additional 3,454 shares during the last quarter. Institutional investors own 57.71% of the company’s stock.

DWS Municipal Income Trust Stock Performance

NYSE KTF opened at $9.45 on Friday. DWS Municipal Income Trust has a fifty-two week low of $9.25 and a fifty-two week high of $10.22. The stock’s 50-day moving average is $9.52 and its two-hundred day moving average is $9.71.

DWS Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were paid a $0.061 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.75%. The ex-dividend date of this dividend was Thursday, March 20th.

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.