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KTF

DWS Municipal Income Trust
KTF

46 hedge funds and large institutions have $46.8M invested in DWS Municipal Income Trust in 2018 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 10 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 10

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

1.8% less ownership

Funds ownership: 12.68% → 10.88% (-1.8%)

16% less capital invested

Capital invested by funds: $55.4M → $46.8M (-$8.67M)

26% less funds holding

Funds holding: 62 → 46 (-16)

73% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 22

Holders
46
Holders Change
-16
Holders Change %
-25.81%
% of All Funds
1.05%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
6
Increased
18
Reduced
10
Closed
22
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
+$1.29M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$1.23M
3
RCM
Robinson Capital Management
Michigan
+$507K
4
UR
USCA RIA
Texas
+$331K
5
SIA
Sit Investment Associates
Minnesota
+$218K

Top Sellers

Rank Fund Capital Flow
1
N
Nuveen
North Carolina
-$3.26M
2
WAM
Wolverine Asset Management
Illinois
-$2.18M
3
KF
Krilogy Financial
Missouri
-$1.59M
4
MSL
Mackay Shields LLC
New York
-$1.39M
5
LCM
Landscape Capital Management
New Jersey
-$848K
Name Holding Trade Value Shares
Change 		Change in
Stake
LFAS
26
Level Four Advisory Services
Texas
$156K – – –
TJHA
27
Thomas J. Herzfeld Advisors
Florida
$143K – – –
EFS
28
Essex Financial Services
Connecticut
$138K – – –
Bank of New York Mellon
29
Bank of New York Mellon
New York
$134K +$135K +12,151 New
RGC
30
Roberts, Glore & Co
Illinois
$124K +$124K +11,225 New
Stifel Financial
31
Stifel Financial
Missouri
$113K +$114K +10,307 New
IA
32
IFP Advisors
Florida
$85K -$8.32K -752 -9%
QCIG
33
Quad-Cities Investment Group
Iowa
$76K +$76.9K +6,947 New
US Bancorp
34
US Bancorp
Minnesota
$37K +$11.1K +1,000 +42%
TRCT
35
Tower Research Capital (TRC)
New York
$26K +$25.9K +2,340 New
STA
36
Summit Trail Advisors
New York
$22K +$22.1K +1,994 New
RFC
37
Regions Financial Corp
Alabama
$17K – – –
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$17K +$6.64K +600 +62%
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$11K -$106K -9,600 -91%
MWM
40
Mascoma Wealth Management
New Hampshire
$11K – – –
SNT
41
Security National Trust
West Virginia
$11K – – –
RCC
42
Red Cedar Capital
Nebraska
$6K – – –
SEI Investments
43
SEI Investments
Pennsylvania
$6K – – –
CFD
44
Creative Financial Designs
Indiana
$4K +$66 +6 +2%
Northwestern Mutual Wealth Management
45
Northwestern Mutual Wealth Management
Wisconsin
$3K +$11 +1 +0.4%
Northern Trust
46
Northern Trust
Illinois
$1K – – –
N
47
Nuveen
North Carolina
– -$3.26M -291,446 Closed
WAM
48
Wolverine Asset Management
Illinois
– -$2.18M -194,585 Closed
KF
49
Krilogy Financial
Missouri
– -$1.59M -142,303 Closed
MSL
50
Mackay Shields LLC
New York
– -$1.39M -124,496 Closed
1
2
3

KTF Hedge Fund Activity: Q2 2018 in Review

46 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in DWS Municipal Income Trust (KTF) for Q2 2018, worth a combined $46.8M — down 16% from $55.4M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of KTF and 6 opened new positions — a net loss of 16 holders — while 10 trimmed existing stakes and 18 added.

The largest buyer was 1607 Capital Partners, adding an estimated $1.29M. The largest seller was Nuveen, exiting entirely with an estimated $3.26M sold.

  • 46 institutional investors held DWS Municipal Income Trust (KTF) as of Q2 2018, down from 62 in Q1 2018.
  • Funds reported $46.8M of DWS Municipal Income Trust stock for Q2 2018, down 16% quarter-over-quarter.
  • 6 funds opened new DWS Municipal Income Trust positions in Q2 2018 and 22 closed out, a net change of -16 holders.
  • The largest DWS Municipal Income Trust buyer in Q2 2018 was 1607 Capital Partners, an estimated $1.29M added.
  • The largest DWS Municipal Income Trust seller in Q2 2018 was Nuveen, an estimated $3.26M sold.

Based on aggregated 13F filings for Q2 2018.