Van ECK Associates Corp Reduces Stake in DWS Municipal Income Trust

Van ECK Associates Corp has reduced its holdings in DWS Municipal Income Trust (NYSE:KTF) by 10.7% during the fourth quarter of the year, according to recent reports from Holdings Channel. Following the sale of 24,193 shares, the institutional investor now holds 201,256 shares of the investment management company. The value of Van ECK Associates Corp's stake in DWS Municipal Income Trust stands at approximately $1,902,000 at the end of the last quarter.

Along with Van ECK Associates Corp, several other hedge funds have also made adjustments to their positions in the company. For instance, Hennion & Walsh Asset Management Inc. has increased its stake by 17.6% during the fourth quarter, acquiring an additional 85,515 shares that bring their total to 570,351 shares, which are valued at around $5,390,000. In the third quarter, Kovitz Investment Group Partners LLC added a new stake worth $1,595,000 in DWS Municipal Income Trust. Meanwhile, Park Avenue Securities LLC has boosted its holdings by 10.6% during the fourth quarter, now owning 113,646 shares valued at $1,074,000 after acquiring an additional 10,885 shares. Transform Wealth LLC also entered the picture by purchasing a new stake valued at $546,000 in the fourth quarter. Additionally, Dakota Wealth Management has enlarged its holdings significantly by 259.0% in the third quarter, owning 35,900 shares worth $358,000 following the purchase of 25,900 additional shares. Currently, hedge funds and other institutional investors hold 57.71% of DWS Municipal Income Trust’s stock.

DWS Municipal Income Trust Stock Performance

As of Friday, February 21, 2025, shares of DWS Municipal Income Trust were trading down 0.4% at $9.64. The investment trust has seen a twelve-month share price range with a low of $8.87 and a high of $10.22. Its fifty-day simple moving average is $9.54, while the two-hundred day simple moving average is $9.77.

Dividend Announcement

DWS Municipal Income Trust has recently declared a monthly dividend that is set to be paid on February 28, 2025. Shareholders who are on record by February 20, 2025, will receive a dividend of $0.061. This translates to an annualized dividend of $0.73, resulting in a yield of 7.60%. Shareholders should note that the ex-dividend date for this payout is the same, February 20, 2025.

About DWS Municipal Income Trust

DWS Municipal Income Trust is a closed-ended fixed-income mutual fund that is managed by Deutsche Investment Management Americas, Inc. The fund primarily seeks investments in the fixed income markets within the United States, with a particular focus on investment-grade tax-exempt municipal securities which are exempt from federal income tax.

VanECK, DWS, Investments