November 21, 2016 - By Nellie Frank · 0 Comments
DWS Strategic Municipal Income Trust (NYSE:KSM) institutional sentiment decreased to 0.88 in Q2 2016. Its down -0.87, from 1.75 in 2016Q1. The ratio dropped, as 7 hedge funds increased and opened new holdings, while 4 decreased and sold stock positions in DWS Strategic Municipal Income Trust. The hedge funds in our partner’s database now hold: 189,824 shares, up from 135,895 shares in 2016Q1. Also, the number of hedge funds holding DWS Strategic Municipal Income Trust in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 3 Increased: 3 New Position: 4.
Deutsche Strategic Municipal Income Trust is a diversified, closed-ended management investment company. The company has a market cap of $135.39 million. The Fund’s investment objective is to provide a high level of current income exempt from federal income tax. It currently has negative earnings. The Fund seeks to invest approximately 50% of its assets in investment-grade or unrated municipal securities and may invest approximately 50% of its assets in high-yield municipal securities that are below investment grade.
About 16,559 shares traded hands. Deutsche Strategic Municipal Incom Trust (NYSE:KSM) has declined 13.80% since April 19, 2016 and is downtrending. It has underperformed by 17.66% the S&P500.
Doliver Capital Advisors Inc. holds 0.2% of its portfolio in Deutsche Strategic Municipal Incom Trust for 16,262 shares. Robinson Capital Management Llc owns 23,384 shares or 0.19% of their US portfolio. Moreover, Rmb Capital Management Llc has 0.01% invested in the company for 17,735 shares. The Minnesota-based Ameriprise Financial Inc has invested 0% in the stock. Bank Of America Corp De, a North Carolina-based fund reported 2,200 shares.#img1#
More notable recent Deutsche Strategic Municipal Incom Trust (NYSE:KSM) news were published by: Businesswire.com which released: “Certain Deutsche Closed-End Funds Announce Extension of Share Repurchase Programs” on September 21, 2016, also Businesswire.com with their article: “Certain DWS Closed-End Funds Announce Name Changes” published on June 04, 2014, Businesswire.com published: “Certain Deutsche Funds Announce Results of Annual Meeting of Shareholders” on September 30, 2016. More interesting news about Deutsche Strategic Municipal Incom Trust (NYSE:KSM) were released by: Businesswire.com and their article: “Certain Deutsche Closed-End Funds Declare Monthly Distributions” published on November 10, 2016 as well as Businesswire.com‘s news article titled: “Fitch Affirms Preferred Shares of Two Deutsche Closed-End Funds at ‘AAA'” with publication date: May 12, 2016.
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By Nellie Frank