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KTF

DWS Municipal Income Trust
KTF

48 hedge funds and large institutions have $49.2M invested in DWS Municipal Income Trust in 2013 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 15 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding

Funds holding: 48 → 48 (0)

0% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 8

0.76% less ownership

Funds ownership: 10.25% → 9.49% (-0.76%)

10% less capital invested

Capital invested by funds: $54.5M → $49.2M (-$5.25M)

13% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 15

Holders
48
Holders Change
–
Holders Change %
0%
% of All Funds
1.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
13
Reduced
15
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
U
UBS
Switzerland
+$981K
2
MIG
Mariner Investment Group
New York
+$679K
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$533K
4
Morgan Stanley
Morgan Stanley
New York
+$463K
5
VKH
Virtu KCG Holdings
New York
+$378K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$4.33M
2
GC
Guggenheim Capital
Illinois
-$1.02M
3
Bank of America
Bank of America
North Carolina
-$811K
4
Ameriprise
Ameriprise
Minnesota
-$642K
5
SB
Suntrust Banks
Georgia
-$438K
Name Holding Trade Value Shares
Change 		Change in
Stake
HK
26
Horizon Kinetics
New York
$273K +$11.9K +1,000 +5%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$241K -$111K -9,258 -32%
VanEck Associates
28
VanEck Associates
New York
$240K -$30.1K -2,523 -11%
RJT
29
Raymond James Trust
Florida
$221K – – –
FAAM
30
First Allied Asset Management
California
$216K – – –
MIM
31
Macroview Investment Management
Maryland
$201K +$32.8K +2,750 +20%
ICOA
32
Investment Centers of America
North Dakota
$132K – – –
Fifth Third Bancorp
33
Fifth Third Bancorp
Ohio
$132K +$109K +9,134 +485%
Invesco
34
Invesco
Georgia
$117K -$130K -10,905 -53%
Northwestern Mutual Wealth Management
35
Northwestern Mutual Wealth Management
Wisconsin
$96K +$95.5K +8,000 New
WRM
36
Westport Resources Management
Connecticut
$79K – – –
NES
37
New England Securities
New York
$60K – – –
Citigroup
38
Citigroup
New York
$57K – – –
Bank of Montreal
39
Bank of Montreal
Ontario, Canada
$36K +$35.8K +3,000 New
US Bancorp
40
US Bancorp
Minnesota
$34K -$32.2K -2,700 -49%
Creative Planning
41
Creative Planning
Kansas
$16K -$33.4K -2,800 -68%
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
$12K – – –
SNT
43
Security National Trust
West Virginia
$12K – – –
FAM
44
Formidable Asset Management
Ohio
$11K – – –
BFEC
45
Benjamin F. Edwards & Company
Missouri
$7K +$7.16K +600 New
BAM
46
Barrett Asset Management
New York
$5K – – –
WA
47
WFG Advisors
Texas
$3K +$3.34K +280 New
Northern Trust
48
Northern Trust
Illinois
$2K -$115K -9,650 -46%
Ameriprise
49
Ameriprise
Minnesota
– -$642K -51,918 Closed
SB
50
Suntrust Banks
Georgia
– -$438K -35,500 Closed
1
2
3

KTF Hedge Fund Activity: Q4 2013 in Review

48 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in DWS Municipal Income Trust (KTF) for Q4 2013, worth a combined $49.2M — down 9.6% from $54.5M a quarter earlier.

Fund positioning in KTF was balanced in Q4 2013: 8 funds opened new positions, 8 closed out, 13 added to existing stakes and 15 trimmed.

The largest buyer was UBS, adding an estimated $981K. The largest seller was Sit Investment Associates, cutting an estimated $4.33M.

  • 48 institutional investors held DWS Municipal Income Trust (KTF) as of Q4 2013, unchanged from Q3 2013.
  • Funds reported $49.2M of DWS Municipal Income Trust stock for Q4 2013, down 9.6% quarter-over-quarter.
  • 8 funds opened new DWS Municipal Income Trust positions in Q4 2013 and 8 closed out, a net change of 0 holders.
  • The largest DWS Municipal Income Trust buyer in Q4 2013 was UBS, an estimated $981K added.
  • The largest DWS Municipal Income Trust seller in Q4 2013 was Sit Investment Associates, an estimated $4.33M sold.

Based on aggregated 13F filings for Q4 2013.