Orion Portfolio Solutions LLC Makes New $376,000 Investment in DWS Municipal Income Trust (NYSE:KTF)

Orion Portfolio Solutions LLC acquired a new stake in shares of DWS Municipal Income Trust (NYSE:KTF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 39,737 shares of the investment management company’s stock, valued at approximately $376,000. Orion Portfolio Solutions LLC owned about 0.10% of DWS Municipal Income Trust at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in DWS Municipal Income Trust in the fourth quarter valued at $1,844,000. Kovitz Investment Group Partners LLC acquired a new stake in DWS Municipal Income Trust in the 3rd quarter worth about $1,595,000. Hennion & Walsh Asset Management Inc. increased its position in shares of DWS Municipal Income Trust by 17.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 570,351 shares of the investment management company’s stock worth $5,390,000 after purchasing an additional 85,515 shares in the last quarter. Noble Wealth Management PBC purchased a new stake in shares of DWS Municipal Income Trust during the fourth quarter worth $710,000. Finally, Transform Wealth LLC purchased a new stake in DWS Municipal Income Trust during the 4th quarter valued at about $546,000. 57.71% of the stock is owned by institutional investors and hedge funds.

DWS Municipal Income Trust Stock Down 2.6 %

NYSE:KTF opened at $9.01 on Wednesday. DWS Municipal Income Trust has a one year low of $8.96 and a one year high of $10.22. The stock has a 50 day moving average price of $9.50 and a 200 day moving average price of $9.69.

DWS Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were given 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 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.