DWS Strategic Municipal Income Trust (NYSE:KSM) Shares Cross Below Two Hundred Day Moving Average of $9.93

DWS Strategic Municipal Income Trust (NYSE:KSMGet Rating)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.93 and traded as low as $9.65. DWS Strategic Municipal Income Trust shares last traded at $9.65, with a volume of 20,620 shares trading hands.

DWS Strategic Municipal Income Trust Stock Down 1.0 %

The stock has a 50 day simple moving average of $9.33 and a two-hundred day simple moving average of $9.93.

DWS Strategic Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 29th. Stockholders of record on Monday, July 18th were given a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend was Friday, July 15th.

Institutional Trading of DWS Strategic Municipal Income Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG increased its position in shares of DWS Strategic Municipal Income Trust by 52.1% during the first quarter. UBS Group AG now owns 7,129 shares of the investment management company’s stock worth $74,000 after purchasing an additional 2,443 shares in the last quarter. Concourse Financial Group Securities Inc. increased its position in shares of DWS Strategic Municipal Income Trust by 30.7% during the fourth quarter. Concourse Financial Group Securities Inc. now owns 8,132 shares of the investment management company’s stock worth $99,000 after purchasing an additional 1,909 shares in the last quarter. Rothschild Investment Corp IL acquired a new stake in shares of DWS Strategic Municipal Income Trust during the second quarter worth about $91,000. Integrated Capital Management Inc. increased its position in shares of DWS Strategic Municipal Income Trust by 9.9% during the second quarter. Integrated Capital Management Inc. now owns 16,260 shares of the investment management company’s stock worth $148,000 after purchasing an additional 1,468 shares in the last quarter. Finally, Ackerman Capital Advisors LLC acquired a new stake in shares of DWS Strategic Municipal Income Trust during the first quarter worth about $380,000. Institutional investors and hedge funds own 36.14% of the company’s stock.

About DWS Strategic Municipal Income Trust

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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.

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