DWS Strategic Municipal Income Trust (NYSE:KSM) Shares Pass Below 50 Day Moving Average of $12.07

DWS Strategic Municipal Income Trust (NYSE:KSM)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $12.07 and traded as low as $11.95. DWS Strategic Municipal Income Trust shares last traded at $11.95, with a volume of 20,793 shares.

The stock’s 50 day moving average price is $12.07 and its 200 day moving average price is $11.94.

Several hedge funds have recently modified their holdings of KSM. Park Avenue Securities LLC raised its holdings in shares of DWS Strategic Municipal Income Trust by 12.3% in the 2nd quarter. Park Avenue Securities LLC now owns 24,903 shares of the investment management company’s stock valued at $296,000 after purchasing an additional 2,726 shares during the period. Coastal Investment Advisors Inc. bought a new stake in shares of DWS Strategic Municipal Income Trust in the 2nd quarter valued at about $71,000. Envestnet Asset Management Inc. raised its holdings in shares of DWS Strategic Municipal Income Trust by 10.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 47,111 shares of the investment management company’s stock valued at $560,000 after purchasing an additional 4,483 shares during the period. Morgan Stanley raised its holdings in shares of DWS Strategic Municipal Income Trust by 40.8% in the 2nd quarter. Morgan Stanley now owns 21,224 shares of the investment management company’s stock valued at $252,000 after purchasing an additional 6,147 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of DWS Strategic Municipal Income Trust by 5.9% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 77,333 shares of the investment management company’s stock valued at $920,000 after purchasing an additional 4,277 shares during the period. 8.20% of the stock is currently owned by institutional investors.

DWS Strategic Municipal Income Trust Company Profile (NYSE:KSM)

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.

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