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KTF

DWS Municipal Income Trust
KTF

45 hedge funds and large institutions have $36.8M invested in DWS Municipal Income Trust in 2017 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

7% more funds holding

Funds holding: 42 → 45 (+3)

0.36% less ownership

Funds ownership: 7.33% → 6.98% (-0.36%)

3% less capital invested

Capital invested by funds: $37.9M → $36.8M (-$1.19M)

8% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 13

Holders
45
Holders Change
+3
Holders Change %
+7.14%
% of All Funds
1.12%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
12
Reduced
13
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AG
Advisor Group
Arizona
+$479K
2
Morgan Stanley
Morgan Stanley
New York
+$233K
3
Millennium Management
Millennium Management
New York
+$173K
4
HighTower Advisors
HighTower Advisors
Illinois
+$138K
5
Fifth Third Bancorp
Fifth Third Bancorp
Ohio
+$121K

Top Sellers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
-$769K
2
UBS Group
UBS Group
Switzerland
-$572K
3
Wells Fargo
Wells Fargo
California
-$562K
4
SIA
Sit Investment Associates
Minnesota
-$487K
5
DA
Doliver Advisors
Texas
-$332K
Name Holding Trade Value Shares
Change 		Change in
Stake
Fifth Third Bancorp
26
Fifth Third Bancorp
Ohio
$159K +$121K +9,000 +328%
RIA
27
Regal Investment Advisors
Michigan
$141K +$1.79K +133 +1%
HighTower Advisors
28
HighTower Advisors
Illinois
$138K +$138K +10,238 New
PNC Financial Services Group
29
PNC Financial Services Group
Pennsylvania
$116K -$9.84K -730 -8%
IA
30
IFP Advisors
Florida
$112K – – –
US Bancorp
31
US Bancorp
Minnesota
$97K – – –
MIM
32
Macroview Investment Management
Maryland
$74K -$31K -2,300 -29%
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$52K – – –
Northwestern Mutual Wealth Management
34
Northwestern Mutual Wealth Management
Wisconsin
$36K +$36.1K +2,680 New
Citigroup
35
Citigroup
New York
$32K – – –
WEC
36
Winslow Evans & Crocker
Massachusetts
$20.3K – – –
NIC
37
Northwest Investment Counselors
Oregon
$20K +$20.2K +1,500 New
SNT
38
Security National Trust
West Virginia
$14K – – –
MWM
39
Mascoma Wealth Management
New Hampshire
$14K +$13.5K +1,000 New
TWA
40
TCI Wealth Advisors
Arizona
$12K – – –
NFG
41
Next Financial Group
Texas
$7K – – –
SEI Investments
42
SEI Investments
Pennsylvania
$7K +$7.16K +531 New
CFD
43
Creative Financial Designs
Indiana
$5K +$81 +6 +2%
Northern Trust
44
Northern Trust
Illinois
$3K – – –
IWM
45
IHT Wealth Management
Illinois
$63 – – –
DA
46
Doliver Advisors
Texas
– -$332K -25,060 Closed
SIA
47
Starfire Investment Advisers
Michigan
– -$263K -19,575 Closed
CFA
48
Carroll Financial Associates
North Carolina
– -$23K -1,750 Closed
1
2

KTF Hedge Fund Activity: Q2 2017 in Review

45 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in DWS Municipal Income Trust (KTF) for Q2 2017, worth a combined $36.8M — down 3.1% from $37.9M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new KTF positions and 3 closed out — a net gain of 3 holders — while 12 added to existing stakes and 13 trimmed.

The largest buyer was Advisor Group, adding an estimated $479K. The largest seller was LPL Financial, cutting an estimated $769K.

  • 45 institutional investors held DWS Municipal Income Trust (KTF) as of Q2 2017, up from 42 in Q1 2017.
  • Funds reported $36.8M of DWS Municipal Income Trust stock for Q2 2017, down 3.1% quarter-over-quarter.
  • 6 funds opened new DWS Municipal Income Trust positions in Q2 2017 and 3 closed out, a net change of +3 holders.
  • The largest DWS Municipal Income Trust buyer in Q2 2017 was Advisor Group, an estimated $479K added.
  • The largest DWS Municipal Income Trust seller in Q2 2017 was LPL Financial, an estimated $769K sold.

Based on aggregated 13F filings for Q2 2017.