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KTF

DWS Municipal Income Trust
KTF

47 hedge funds and large institutions have $49.4M invested in DWS Municipal Income Trust in 2014 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 13

1.12% less ownership

Funds ownership: 9.53% → 8.41% (-1.1%)

4% less funds holding

Funds holding: 49 → 47 (-2)

7% less capital invested

Capital invested by funds: $52.9M → $49.4M (-$3.49M)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
47
Holders Change
-2
Holders Change %
-4.08%
% of All Funds
1.35%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
13
Reduced
13
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$479K
2
RJA
Raymond James & Associates
Florida
+$164K
3
LTFS
Ladenburg Thalmann Financial Services
Florida
+$105K
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$89.5K
5
MIM
Macroview Investment Management
Maryland
+$63.8K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$2.65M
2
GC
Guggenheim Capital
Illinois
-$1.71M
3
LPL Financial
LPL Financial
California
-$603K
4
U
UBS
Switzerland
-$580K
5
MIG
Mariner Investment Group
New York
-$449K
Name Holding Trade Value Shares
Change 		Change in
Stake
VanEck Associates
26
VanEck Associates
New York
$336K +$28.2K +2,113 +9%
HK
27
Horizon Kinetics
New York
$310K – – –
RJT
28
Raymond James Trust
Florida
$251K – – –
FAAM
29
First Allied Asset Management
California
$246K – – –
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$162K +$494 +37 +0.3%
LTFS
31
Ladenburg Thalmann Financial Services
Florida
$108K +$105K +7,883 New
MBT
32
Monroe Bank & Trust
Michigan
$55K – – –
Citigroup
33
Citigroup
New York
$50K -$10.2K -763 -17%
Bank of Montreal
34
Bank of Montreal
Ontario, Canada
$41K – – –
PNC Financial Services Group
35
PNC Financial Services Group
Pennsylvania
$28K +$6.42K +481 +31%
MFS
36
MSI Financial Services
Massachusetts
$27K +$26.5K +1,985 New
AIG
37
American International Group
New York
$25.4K +$24.9K +1,862 New
Fifth Third Bancorp
38
Fifth Third Bancorp
Ohio
$25K -$123K -9,193 -83%
OIA
39
Optimum Investment Advisors
Illinois
$25K +$24.4K +1,825 New
SNT
40
Security National Trust
West Virginia
$14K – – –
FAM
41
Formidable Asset Management
Ohio
$12K – – –
CTC
42
Central Trust Company
Missouri
$9K – – –
BFEC
43
Benjamin F. Edwards & Company
Missouri
$8K – – –
BAM
44
Barrett Asset Management
New York
$6K – – –
US Bancorp
45
US Bancorp
Minnesota
$4K -$33.4K -2,500 -89%
WA
46
WFG Advisors
Texas
$4K +$67 +5 +2%
TRCT
47
Tower Research Capital (TRC)
New York
$1K – – –
Northern Trust
48
Northern Trust
Illinois
– -$2K -11,950 Closed
ICOA
49
Investment Centers of America
North Dakota
– -$132K -10,700 Closed
Invesco
50
Invesco
Georgia
– -$90K -6,879 Closed
1
2
3

KTF Hedge Fund Activity: Q2 2014 in Review

47 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in DWS Municipal Income Trust (KTF) for Q2 2014, worth a combined $49.4M — down 6.6% from $52.9M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of KTF and 4 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 13 added.

The largest buyer was Bank of America, adding an estimated $479K. The largest seller was Sit Investment Associates, cutting an estimated $2.65M.

  • 47 institutional investors held DWS Municipal Income Trust (KTF) as of Q2 2014, down from 49 in Q1 2014.
  • Funds reported $49.4M of DWS Municipal Income Trust stock for Q2 2014, down 6.6% quarter-over-quarter.
  • 4 funds opened new DWS Municipal Income Trust positions in Q2 2014 and 6 closed out, a net change of -2 holders.
  • The largest DWS Municipal Income Trust buyer in Q2 2014 was Bank of America, an estimated $479K added.
  • The largest DWS Municipal Income Trust seller in Q2 2014 was Sit Investment Associates, an estimated $2.65M sold.

Based on aggregated 13F filings for Q2 2014.