Starfire Investment Advisers adds Deutsche Municipal Income Trust (KTF) to its portfolio

Deutsche Municipal Income Trust (KTF) : Starfire Investment Advisers added new position in Deutsche Municipal Income Trust during the most recent quarter end. The investment management firm now holds 19,575 shares of Deutsche Municipal Income Trust which is valued at $258,390 , the company said in a statement filed on Oct 17, 2016 with the SEC.Deutsche Municipal Income Trust makes up approximately 0.18% of Starfire Investment Advisers’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in KTF by selling 1,893 shares or 41.7% in the most recent quarter. The Hedge Fund company now holds 2,647 shares of KTF which is valued at $35,840.Creative Planning boosted its stake in KTF in the latest quarter, The investment management firm added 4,208 additional shares and now holds a total of 23,867 shares of Deutsche Municipal Income Trust which is valued at $325,785.Summit Financial Wealth Advisors boosted its stake in KTF in the latest quarter, The investment management firm added 6,200 additional shares and now holds a total of 72,250 shares of Deutsche Municipal Income Trust which is valued at $1,008,610. Deutsche Municipal Income Trust makes up approx 0.44% of Summit Financial Wealth Advisors’s portfolio.

Deutsche Municipal Income Trust closed down -0.34 points or -2.51% at $13.2 with 2,51,154 shares getting traded on Friday. Post opening the session at $13.49, the shares hit an intraday low of $13.2 and an intraday high of $13.519 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Deutsche Municipal Income Trust (Fund) is a closed-end diversified management investment company. The Fund’s investment objective is to provide a high level of current income exempt from federal income tax. Under normal circumstances the Fund invests at least 80% of the net assets plus the amount of any borrowings for investment purposes in municipal securities. The Fund seeks to invest all of its net assets in tax-exempt municipal securities valued at the time of purchase within the four highest grades by Moody’s Investors Service Inc. or Standard & Poor’s Corporation. The Fund may also invest up to 20% of its assets in unrated municipal securities which have credit characteristics equivalent to municipal securities rated within the four highest grades by Moody’s Investors Service Inc. or Standard & Poor’s Corporation. Deutsche Investment Management Americas Inc. is the investment advisor of the Fund.

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