Fiera Capital Corp Boosts Holdings in DWS Municipal Income Trust (NYSE:KTF)

Fiera Capital Corp raised its stake in shares of DWS Municipal Income Trust (NYSE:KTF) by 14.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 652,062 shares of the investment management company’s stock after purchasing an additional 84,081 shares during the period. Fiera Capital Corp’s holdings in DWS Municipal Income Trust were worth $5,614,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sit Investment Associates Inc. raised its position in shares of DWS Municipal Income Trust by 13.3% in the first quarter. Sit Investment Associates Inc. now owns 4,081,317 shares of the investment management company’s stock valued at $36,324,000 after buying an additional 480,645 shares during the last quarter. Logan Stone Capital LLC raised its position in shares of DWS Municipal Income Trust by 656.1% in the fourth quarter. Logan Stone Capital LLC now owns 219,239 shares of the investment management company’s stock valued at $1,888,000 after buying an additional 190,242 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of DWS Municipal Income Trust by 179.2% in the first quarter. Rockefeller Capital Management L.P. now owns 221,958 shares of the investment management company’s stock valued at $1,975,000 after buying an additional 142,458 shares during the last quarter. Robinson Capital Management LLC raised its position in shares of DWS Municipal Income Trust by 133.3% in the first quarter. Robinson Capital Management LLC now owns 248,731 shares of the investment management company’s stock valued at $2,567,000 after buying an additional 142,125 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of DWS Municipal Income Trust in the second quarter valued at about $563,000.

DWS Municipal Income Trust Trading Up 2.3 %

Shares of NYSE KTF opened at $8.30 on Wednesday. DWS Municipal Income Trust has a 52 week low of $7.40 and a 52 week high of $9.31. The firm has a 50-day simple moving average of $7.86 and a 200-day simple moving average of $8.31.

DWS Municipal Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 20th will be given a dividend of $0.025 per share. This is a boost from DWS Municipal Income Trust’s previous monthly dividend of $0.02. This represents a $0.30 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Friday, November 17th.

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.