Robinson Capital Management LLC Raises Holdings in DWS Municipal Income Trust (NYSE:KTF)

Robinson Capital Management LLC raised its holdings in DWS Municipal Income Trust (NYSE:KTF) by 17.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 826,399 shares of the investment management company’s stock after buying an additional 120,014 shares during the quarter. DWS Municipal Income Trust comprises 3.1% of Robinson Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Robinson Capital Management LLC owned approximately 2.09% of DWS Municipal Income Trust worth $9,388,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of KTF. Sit Investment Associates Inc. boosted its position in shares of DWS Municipal Income Trust by 39.3% during the first quarter. Sit Investment Associates Inc. now owns 924,357 shares of the investment management company’s stock valued at $10,186,000 after purchasing an additional 260,651 shares in the last quarter. Mariner Investment Group LLC boosted its position in shares of DWS Municipal Income Trust by 5.8% during the first quarter. Mariner Investment Group LLC now owns 457,801 shares of the investment management company’s stock valued at $5,045,000 after purchasing an additional 25,277 shares in the last quarter. Wakefield Asset Management LLLP boosted its position in shares of DWS Municipal Income Trust by 3.0% during the first quarter. Wakefield Asset Management LLLP now owns 149,452 shares of the investment management company’s stock valued at $1,647,000 after purchasing an additional 4,306 shares in the last quarter. Ackerman Capital Advisors LLC boosted its position in shares of DWS Municipal Income Trust by 289.1% during the second quarter. Ackerman Capital Advisors LLC now owns 84,533 shares of the investment management company’s stock valued at $953,000 after purchasing an additional 62,807 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC boosted its position in shares of DWS Municipal Income Trust by 3.2% during the first quarter. Summit Financial Wealth Advisors LLC now owns 63,650 shares of the investment management company’s stock valued at $703,000 after purchasing an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 19.96% of the company’s stock.

DWS Municipal Income Trust stock traded up $0.02 during mid-day trading on Friday, hitting $11.57. The company had a trading volume of 738 shares, compared to its average volume of 58,774. The business has a 50 day simple moving average of $11.31. DWS Municipal Income Trust has a 12 month low of $10.08 and a 12 month high of $11.57.

DWS Municipal Income Trust Profile

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.

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Institutional Ownership by Quarter for DWS Municipal Income Trust (NYSE:KTF)

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