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KTF

DWS Municipal Income Trust
KTF

62 hedge funds and large institutions have $55.4M invested in DWS Municipal Income Trust in 2018 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 21 increasing their positions, 15 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

40% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 15

8% more capital invested

Capital invested by funds: $51.4M → $55.4M (+$4.06M)

1.59% more ownership

Funds ownership: 11.09% → 12.68% (+1.6%)

2% less funds holding

Funds holding: 63 → 62 (-1)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

Holders
62
Holders Change
-1
Holders Change %
-1.59%
% of All Funds
1.42%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
9
Increased
21
Reduced
15
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$6.91M
2
SIA
Sit Investment Associates
Minnesota
+$3.08M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$2.77M
4
1CP
1607 Capital Partners
Virginia
+$1.48M
5
WAM
Wolverine Asset Management
Illinois
+$1.04M

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$7.11M
2
DA
Doliver Advisors
Texas
-$1.35M
3
SG Americas Securities
SG Americas Securities
New York
-$464K
4
Squarepoint
Squarepoint
New York
-$445K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$313K
Name Holding Trade Value Shares
Change 		Change in
Stake
Geode Capital Management
26
Geode Capital Management
Massachusetts
$438K +$448K +39,195 New
UR
27
USCA RIA
Texas
$338K +$124K +10,850 +56%
RJFSA
28
Raymond James Financial Services Advisors
Florida
$336K +$75.9K +6,643 +28%
FAAS
29
First Allied Advisory Services
California
$231K – – –
Creative Planning
30
Creative Planning
Kansas
$225K +$18.5K +1,616 +9%
HCM
31
Hollencrest Capital Management
California
$220K – – –
RJA
32
Raymond James & Associates
Florida
$218K -$47.2K -4,133 -18%
AA
33
AQR Arbitrage
Connecticut
$210K +$214K +18,725 New
PAS
34
Park Avenue Securities
New York
$163K +$166K +14,536 New
LFAS
35
Level Four Advisory Services
Texas
$159K – – –
LNWWM
36
Laird Norton Wetherby Wealth Management
California
$155K +$158K +13,831 New
DA
37
Doliver Advisors
Texas
$152K -$1.35M -118,102 -90%
TJHA
38
Thomas J. Herzfeld Advisors
Florida
$146K -$200K -17,510 -57%
EFS
39
Essex Financial Services
Connecticut
$140K – – –
HighTower Advisors
40
HighTower Advisors
Illinois
$119K – – –
PNC Financial Services Group
41
PNC Financial Services Group
Pennsylvania
$119K – – –
Susquehanna International Group
42
Susquehanna International Group
Pennsylvania
$115K -$9.44K -826 -7%
SWP
43
Stratos Wealth Partners
Ohio
$112K +$114K +10,000 New
IA
44
IFP Advisors
Florida
$101K – – –
POIA
45
Pin Oak Investment Advisors
Texas
$87K -$80K -7,000 -47%
GWA
46
Guidant Wealth Advisors
Illinois
$67K – – –
SWM
47
SeaCrest Wealth Management
New York
$41K +$366 +32 +0.9%
US Bancorp
48
US Bancorp
Minnesota
$26K – – –
RFC
49
Regions Financial Corp
Alabama
$18K – – –
MIM
50
Macroview Investment Management
Maryland
$14K -$14.3K -1,250 -50%
1
2
3

KTF Hedge Fund Activity: Q1 2018 in Review

62 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in DWS Municipal Income Trust (KTF) for Q1 2018, worth a combined $55.4M — up 7.9% from $51.4M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of KTF and 9 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 21 added.

The largest buyer was Robinson Capital Management, adding an estimated $6.91M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $7.11M sold.

  • 62 institutional investors held DWS Municipal Income Trust (KTF) as of Q1 2018, down from 63 in Q4 2017.
  • Funds reported $55.4M of DWS Municipal Income Trust stock for Q1 2018, up 7.9% quarter-over-quarter.
  • 9 funds opened new DWS Municipal Income Trust positions in Q1 2018 and 10 closed out, a net change of -1 holder.
  • The largest DWS Municipal Income Trust buyer in Q1 2018 was Robinson Capital Management, an estimated $6.91M added.
  • The largest DWS Municipal Income Trust seller in Q1 2018 was Laurion Capital Management, an estimated $7.11M sold.

Based on aggregated 13F filings for Q1 2018.