Envestnet Asset Management Inc. Reduces Stock Holdings in DWS Strategic Municipal Income Trust (NYSE:KSM)

Envestnet Asset Management Inc. reduced its stake in shares of DWS Strategic Municipal Income Trust (NYSE:KSM – Get Rating) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,650 shares of the investment management company’s stock after selling 14,569 shares during the period. Envestnet Asset Management Inc.’s holdings in DWS Strategic Municipal Income Trust were worth $986,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. 1607 Capital Partners LLC lifted its position in shares of DWS Strategic Municipal Income Trust by 1.9% during the 3rd quarter. 1607 Capital Partners LLC now owns 552,255 shares of the investment management company’s stock valued at $4,368,000 after buying an additional 10,100 shares in the last quarter. Rivernorth Capital Management LLC raised its stake in DWS Strategic Municipal Income Trust by 82.2% during the 1st quarter. Rivernorth Capital Management LLC now owns 165,610 shares of the investment management company’s stock valued at $1,712,000 after purchasing an additional 74,726 shares during the period. Robinson Capital Management LLC raised its stake in DWS Strategic Municipal Income Trust by 85.8% during the 3rd quarter. Robinson Capital Management LLC now owns 156,695 shares of the investment management company’s stock valued at $1,255,000 after purchasing an additional 72,380 shares during the period. Invesco Ltd. raised its stake in DWS Strategic Municipal Income Trust by 23.6% during the 1st quarter. Invesco Ltd. now owns 141,948 shares of the investment management company’s stock valued at $1,468,000 after purchasing an additional 27,076 shares during the period. Finally, Ackerman Capital Advisors LLC raised its stake in DWS Strategic Municipal Income Trust by 36.6% during the 4th quarter. Ackerman Capital Advisors LLC now owns 123,045 shares of the investment management company’s stock valued at $1,005,000 after purchasing an additional 32,953 shares during the period.

DWS Strategic Municipal Income Trust Stock Up 0.2 %

NYSE:KSM opened at $8.10 on Friday. DWS Strategic Municipal Income Trust has a 1 year low of $7.47 and a 1 year high of $9.89. The stock’s 50 day simple moving average is $8.39 and its two-hundred day simple moving average is $8.37.

DWS Strategic Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th will be paid a $0.0295 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date is Friday, May 12th.

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.