Gold prices edge up amid Fed rate cut hopes; US-Russia talks awaited
In a challenging market environment, Deutsche Municipal Income Trust (KTF) stock has touched a 52-week low, dipping to $9.23. The fund, which offers a substantial 7.91% dividend yield and has maintained dividend payments for 37 consecutive years, demonstrates relatively low volatility with a beta of 0.49. InvestingPro analysis reveals 6 additional key insights about KTF's market position and financial health. This latest price level reflects a notable decline in the fund's performance, though current data shows the stock trading at $9.27, just above its 52-week low of $9.25 and well below its high of $10.22. Investors are closely monitoring the municipal bond market for signs of recovery, as funds like KTF navigate through the economic headwinds that have pressured the fixed-income sector. With a P/E ratio of 10.91, the 52-week low serves as a critical point of reference for both current shareholders and potential investors considering the fund's track record and future prospects.
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