Guggenheim Capital LLC reduced its stake in DWS Strategic Municipal Income Trust (NYSE:KSM – Free Report) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,331 shares of the investment management company’s stock after selling 4,226 shares during the quarter. Guggenheim Capital LLC’s holdings in DWS Strategic Municipal Income Trust were worth $868,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the stock. UBS Group AG boosted its position in shares of DWS Strategic Municipal Income Trust by 12.2% in the 3rd quarter. UBS Group AG now owns 14,017 shares of the investment management company’s stock worth $111,000 after purchasing an additional 1,524 shares in the last quarter. LPL Financial LLC raised its holdings in DWS Strategic Municipal Income Trust by 10.1% in the 4th quarter. LPL Financial LLC now owns 71,234 shares of the investment management company’s stock worth $582,000 after acquiring an additional 6,510 shares during the last quarter. Robinson Capital Management LLC raised its holdings in DWS Strategic Municipal Income Trust by 2.3% in the 1st quarter. Robinson Capital Management LLC now owns 288,499 shares of the investment management company’s stock worth $2,429,000 after acquiring an additional 6,600 shares during the last quarter. Baird Financial Group Inc. raised its holdings in DWS Strategic Municipal Income Trust by 15.4% in the 1st quarter. Baird Financial Group Inc. now owns 52,113 shares of the investment management company’s stock worth $539,000 after acquiring an additional 6,971 shares during the last quarter. Finally, Sit Investment Associates Inc. raised its holdings in DWS Strategic Municipal Income Trust by 4.6% in the 4th quarter. Sit Investment Associates Inc. now owns 243,333 shares of the investment management company’s stock worth $1,988,000 after acquiring an additional 10,800 shares during the last quarter.
DWS Strategic Municipal Income Trust Stock Performance
Shares of NYSE KSM opened at $8.16 on Tuesday. DWS Strategic Municipal Income Trust has a twelve month low of $7.47 and a twelve month high of $8.90. The company has a 50 day moving average of $8.35 and a 200 day moving average of $8.35.
DWS Strategic Municipal Income Trust Dividend Announcement
Insider Buying and Selling
In related news, major shareholder Saba Capital Management, L.P. bought 10,269 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was acquired at an average cost of $8.13 per share, for a total transaction of $83,486.97. Following the purchase, the insider now owns 1,195,088 shares in the company, valued at $9,716,065.44. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders bought a total of 38,836 shares of company stock worth $315,351 in the last three months. Insiders own 1.00% of the company’s stock.
DWS Strategic Municipal Income Trust Profile
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.
Featured Stories
- Five stocks we like better than DWS Strategic Municipal Income Trust
- Dividend Payout Ratio Calculator
- MarketBeat Week in Review – 8/28 – 9/1
- How to Invest in Music Stocks
- 2 Stocks That Doubled EPS Estimates and Flashing Buy Signals
- Consumer Discretionary Stocks Explained
- Toyota vs Tesla: The Tortoise And The Hare Race Has A New Meaning
Receive News & Ratings for DWS Strategic Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DWS Strategic Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.
