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KTF

DWS Municipal Income Trust
KTF

46 hedge funds and large institutions have $46M invested in DWS Municipal Income Trust in 2014 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 4

7% more funds holding

Funds holding: 43 → 46 (+3)

3% more capital invested

Capital invested by funds: $44.6M → $46M (+$1.42M)

0% less ownership

Funds ownership: 7.86% → 7.85% (-0%)

25% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 12

Holders
46
Holders Change
+3
Holders Change %
+6.98%
% of All Funds
1.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
9
Reduced
12
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CIA
Capital Investment Advisors
Georgia
+$1.78M
2
SIA
Sit Investment Associates
Minnesota
+$218K
3
SG Americas Securities
SG Americas Securities
New York
+$205K
4
MIM
Macroview Investment Management
Maryland
+$195K
5
OC
Oppenheimer & Co
New York
+$150K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$1.78M
2
Allianz Asset Management
Allianz Asset Management
Germany
-$725K
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$628K
4
VKH
Virtu KCG Holdings
New York
-$187K
5
Ameriprise
Ameriprise
Minnesota
-$149K
Name Holding Trade Value Shares
Change 		Change in
Stake
FAAM
26
First Allied Asset Management
California
$241K – – –
HK
27
Horizon Kinetics
New York
$239K -$65.2K -4,880 -21%
SG Americas Securities
28
SG Americas Securities
New York
$205K +$205K +15,339 New
LSA
29
Liberty Street Advisors
New York
$180K +$180K +13,438 New
NPC
30
National Planning Corporation
California
$168K – – –
OC
31
Oppenheimer & Co
New York
$150K +$150K +11,225 New
RCM
32
RNC Capital Management
California
$141K +$141K +10,576 New
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$106K – – –
TRCT
34
Tower Research Capital (TRC)
New York
$54K +$53.6K +4,012 New
Citigroup
35
Citigroup
New York
$49K +$855 +64 +2%
AIG
36
American International Group
New York
$40.6K – – –
Fifth Third Bancorp
37
Fifth Third Bancorp
Ohio
$33K +$8.81K +659 +36%
OIA
38
Optimum Investment Advisors
Illinois
$24K – – –
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$22K – – –
Creative Planning
40
Creative Planning
Kansas
$15K – – –
SNT
41
Security National Trust
West Virginia
$13K – – –
FAM
42
Formidable Asset Management
Ohio
$11K – – –
BFEC
43
Benjamin F. Edwards & Company
Missouri
$8K – – –
BAM
44
Barrett Asset Management
New York
$6K – – –
US Bancorp
45
US Bancorp
Minnesota
$4K – – –
WA
46
WFG Advisors
Texas
$4K +$67 +5 +2%
Allianz Asset Management
47
Allianz Asset Management
Germany
– -$725K -55,000 Closed
Cambridge Investment Research Advisors
48
Cambridge Investment Research Advisors
Iowa
– -$628K -47,618 Closed
VKH
49
Virtu KCG Holdings
New York
– -$187K -14,187 Closed
MPWT
50
MassMutual Private Wealth & Trust
Connecticut
– -$620 -47 Closed
1
2

KTF Hedge Fund Activity: Q4 2014 in Review

46 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in DWS Municipal Income Trust (KTF) for Q4 2014, worth a combined $46M — up 3.2% from $44.6M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new KTF positions and 4 closed out — a net gain of 4 holders — while 9 added to existing stakes and 12 trimmed.

The largest buyer was Capital Investment Advisors, opening a new position worth an estimated $1.78M. The largest seller was Guggenheim Capital, cutting an estimated $1.78M.

  • 46 institutional investors held DWS Municipal Income Trust (KTF) as of Q4 2014, up from 43 in Q3 2014.
  • Funds reported $46M of DWS Municipal Income Trust stock for Q4 2014, up 3.2% quarter-over-quarter.
  • 8 funds opened new DWS Municipal Income Trust positions in Q4 2014 and 4 closed out, a net change of +4 holders.
  • The largest DWS Municipal Income Trust buyer in Q4 2014 was Capital Investment Advisors, an estimated $1.78M added.
  • The largest DWS Municipal Income Trust seller in Q4 2014 was Guggenheim Capital, an estimated $1.78M sold.

Based on aggregated 13F filings for Q4 2014.