First Foundation Advisors Takes Position in DWS Municipal Income Trust (KTF)

First Foundation Advisors bought a new stake in DWS Municipal Income Trust (NYSE:KTF) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 48,930 shares of the investment management company’s stock, valued at approximately $513,000. First Foundation Advisors owned about 0.12% of DWS Municipal Income Trust as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Keybank National Association OH acquired a new stake in DWS Municipal Income Trust in the 3rd quarter valued at approximately $107,000. Wetherby Asset Management Inc. acquired a new stake in DWS Municipal Income Trust in the 3rd quarter valued at approximately $151,000. SG Americas Securities LLC acquired a new stake in DWS Municipal Income Trust in the 3rd quarter valued at approximately $110,000. Regal Investment Advisors LLC acquired a new stake in DWS Municipal Income Trust in the 3rd quarter valued at approximately $111,000. Finally, ProVise Management Group LLC acquired a new stake in DWS Municipal Income Trust in the 3rd quarter valued at approximately $383,000. Hedge funds and other institutional investors own 14.74% of the company’s stock.

Shares of KTF stock opened at $10.34 on Monday. DWS Municipal Income Trust has a 52 week low of $10.08 and a 52 week high of $12.13.

The firm also recently declared a monthly dividend, which was paid on Friday, November 30th. Shareholders of record on Monday, November 19th were given a $0.0475 dividend. The ex-dividend date was Friday, November 16th. This represents a $0.57 annualized dividend and a yield of 5.51%.

TRADEMARK VIOLATION WARNING: “First Foundation Advisors Takes Position in DWS Municipal Income Trust (KTF)” was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://www.com-unik.info/2018/12/03/first-foundation-advisors-takes-position-in-dws-municipal-income-trust-ktf.html.

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.

See Also: What is Compound Annual Growth Rate (CAGR)?

Want to see what other hedge funds are holding KTF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DWS Municipal Income Trust (NYSE:KTF).

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

Receive News & Ratings for DWS Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DWS Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit