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KTF

DWS Municipal Income Trust
KTF

48 hedge funds and large institutions have $50M invested in DWS Municipal Income Trust in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 13 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 4

9% more capital invested

Capital invested by funds: $46M → $50M (+$3.96M)

4% more funds holding

Funds holding: 46 → 48 (+2)

8% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 13

0.48% more ownership

Funds ownership: 7.85% → 8.33% (+0.48%)

Holders
48
Holders Change
+2
Holders Change %
+4.35%
% of All Funds
1.28%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
14
Reduced
13
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$1.03M
2
Bank of America
Bank of America
North Carolina
+$927K
3
LPL Financial
LPL Financial
California
+$549K
4
MIM
Macroview Investment Management
Maryland
+$449K
5
LSA
Liberty Street Advisors
New York
+$338K

Top Sellers

Rank Fund Capital Flow
1
PRS
Pinkerton Retirement Specialists
Idaho
-$1.04M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$354K
3
Morgan Stanley
Morgan Stanley
New York
-$336K
4
SIA
Sit Investment Associates
Minnesota
-$222K
5
UBS Group
UBS Group
Switzerland
-$211K
Name Holding Trade Value Shares
Change 		Change in
Stake
FAAM
26
First Allied Asset Management
California
$279K +$26.3K +1,900 +11%
SIA
27
Starfire Investment Advisers
Michigan
$274K +$271K +19,575 New
VKH
28
Virtu KCG Holdings
New York
$225K +$222K +16,080 New
KeyBank National Association
29
KeyBank National Association
Ohio
$186K +$184K +13,300 New
HK
30
Horizon Kinetics
New York
$168K -$81.5K -5,900 -33%
NPC
31
National Planning Corporation
California
$167K – – –
RCM
32
RNC Capital Management
California
$148K – – –
MFS
33
MSI Financial Services
Massachusetts
$65K +$64.4K +4,660 New
PNC Financial Services Group
34
PNC Financial Services Group
Pennsylvania
$54K +$31.5K +2,280 +143%
AIG
35
American International Group
New York
$53.7K +$11.1K +800 +26%
Citigroup
36
Citigroup
New York
$50K -$884 -64 -2%
Royal Bank of Canada
37
Royal Bank of Canada
Ontario, Canada
$45K -$65K -4,700 -59%
Fifth Third Bancorp
38
Fifth Third Bancorp
Ohio
$26K -$9.11K -659 -27%
OIA
39
Optimum Investment Advisors
Illinois
$26K – – –
Creative Planning
40
Creative Planning
Kansas
$19K +$2.76K +200 +18%
SNT
41
Security National Trust
West Virginia
$14K – – –
TWA
42
TCI Wealth Advisors
Arizona
$12K +$12.2K +886 New
FAM
43
Formidable Asset Management
Ohio
$11K – – –
AWM
44
Avior Wealth Management
Nebraska
$10K +$9.67K +700 New
BFEC
45
Benjamin F. Edwards & Company
Missouri
$8K – – –
BAM
46
Barrett Asset Management
New York
$6K – – –
US Bancorp
47
US Bancorp
Minnesota
$4K – – –
TRCT
48
Tower Research Capital (TRC)
New York
$2K -$53.4K -3,863 -96%
PRS
49
Pinkerton Retirement Specialists
Idaho
– -$1.04M -15,904 Closed
SG Americas Securities
50
SG Americas Securities
New York
– -$205K -15,339 Closed
1
2
3

KTF Hedge Fund Activity: Q1 2015 in Review

48 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in DWS Municipal Income Trust (KTF) for Q1 2015, worth a combined $50M — up 8.6% from $46M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new KTF positions and 4 closed out — a net gain of 2 holders — while 14 added to existing stakes and 13 trimmed.

The largest buyer was Ameriprise, adding an estimated $1.03M. The largest seller was Pinkerton Retirement Specialists, exiting entirely with an estimated $1.04M sold.

  • 48 institutional investors held DWS Municipal Income Trust (KTF) as of Q1 2015, up from 46 in Q4 2014.
  • Funds reported $50M of DWS Municipal Income Trust stock for Q1 2015, up 8.6% quarter-over-quarter.
  • 6 funds opened new DWS Municipal Income Trust positions in Q1 2015 and 4 closed out, a net change of +2 holders.
  • The largest DWS Municipal Income Trust buyer in Q1 2015 was Ameriprise, an estimated $1.03M added.
  • The largest DWS Municipal Income Trust seller in Q1 2015 was Pinkerton Retirement Specialists, an estimated $1.04M sold.

Based on aggregated 13F filings for Q1 2015.