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KTF

DWS Municipal Income Trust
KTF

46 hedge funds and large institutions have $40.2M invested in DWS Municipal Income Trust in 2017 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 15 increasing their positions, 12 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 12

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

9% more capital invested

Capital invested by funds: $36.8M → $40.2M (+$3.42M)

2% more funds holding

Funds holding: 45 → 46 (+1)

1.16% more ownership

Funds ownership: 6.98% → 8.14% (+1.2%)

Holders
46
Holders Change
+1
Holders Change %
+2.22%
% of All Funds
1.15%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
15
Reduced
12
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$4.09M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.29M
3
RCM
Robinson Capital Management
Michigan
+$2.18M
4
KF
Krilogy Financial
Missouri
+$1.23M
5
DA
Doliver Advisors
Texas
+$917K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$4.21M
2
UBS Group
UBS Group
Switzerland
-$826K
3
SIA
Sit Investment Associates
Minnesota
-$579K
4
ICOA
Investment Centers of America
North Dakota
-$334K
5
Ameriprise
Ameriprise
Minnesota
-$223K
Name Holding Trade Value Shares
Change 		Change in
Stake
Creative Planning
26
Creative Planning
Kansas
$278K +$33.8K +2,580 +13%
RJFSA
27
Raymond James Financial Services Advisors
Florida
$270K -$31.6K -2,415 -10%
Millennium Management
28
Millennium Management
New York
$210K +$47.7K +3,641 +28%
Susquehanna International Group
29
Susquehanna International Group
Pennsylvania
$183K +$189K +14,410 New
Ameriprise
30
Ameriprise
Minnesota
$160K -$223K -17,063 -58%
EFS
31
Essex Financial Services
Connecticut
$159K – – –
PNC Financial Services Group
32
PNC Financial Services Group
Pennsylvania
$154K +$44.5K +3,400 +40%
Fifth Third Bancorp
33
Fifth Third Bancorp
Ohio
$149K – – –
RIA
34
Regal Investment Advisors
Michigan
$144K +$11.7K +897 +9%
SEI Investments
35
SEI Investments
Pennsylvania
$135K +$185K +14,114 +2,658%
HighTower Advisors
36
HighTower Advisors
Illinois
$132K – – –
IA
37
IFP Advisors
Florida
$118K +$13.1K +1,000 +12%
US Bancorp
38
US Bancorp
Minnesota
$92K – – –
MIM
39
Macroview Investment Management
Maryland
$30K -$41.2K -3,150 -57%
WEC
40
Winslow Evans & Crocker
Massachusetts
$19.1K – – –
NIC
41
Northwest Investment Counselors
Oregon
$19K – – –
WAM
42
Wealthspire Advisors (Maryland)
Maryland
$15K – – –
MWM
43
Mascoma Wealth Management
New Hampshire
$13K – – –
SNT
44
Security National Trust
West Virginia
$13K – – –
TWA
45
TCI Wealth Advisors
Arizona
$11K – – –
CFD
46
Creative Financial Designs
Indiana
$5K +$65 +5 +1%
Northern Trust
47
Northern Trust
Illinois
$3K – – –
ICOA
48
Investment Centers of America
North Dakota
– -$334K -24,668 Closed
Northwestern Mutual Wealth Management
49
Northwestern Mutual Wealth Management
Wisconsin
– -$36K -2,680 Closed
Citigroup
50
Citigroup
New York
– -$32K -2,400 Closed
1
2
3

KTF Hedge Fund Activity: Q3 2017 in Review

46 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in DWS Municipal Income Trust (KTF) for Q3 2017, worth a combined $40.2M — up 9.3% from $36.8M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new KTF positions and 5 closed out — a net gain of 1 holder — while 15 added to existing stakes and 12 trimmed.

The largest buyer was Laurion Capital Management, opening a new position worth an estimated $4.09M. The largest seller was Morgan Stanley, cutting an estimated $4.21M.

  • 46 institutional investors held DWS Municipal Income Trust (KTF) as of Q3 2017, up from 45 in Q2 2017.
  • Funds reported $40.2M of DWS Municipal Income Trust stock for Q3 2017, up 9.3% quarter-over-quarter.
  • 6 funds opened new DWS Municipal Income Trust positions in Q3 2017 and 5 closed out, a net change of +1 holder.
  • The largest DWS Municipal Income Trust buyer in Q3 2017 was Laurion Capital Management, an estimated $4.09M added.
  • The largest DWS Municipal Income Trust seller in Q3 2017 was Morgan Stanley, an estimated $4.21M sold.

Based on aggregated 13F filings for Q3 2017.