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KTF

DWS Municipal Income Trust
KTF

79 hedge funds and large institutions have $165M invested in DWS Municipal Income Trust in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 25 increasing their positions, 25 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 7

2.34% more ownership

Funds ownership: 46.01% → 48.36% (+2.3%)

2% more capital invested

Capital invested by funds: $161M → $165M (+$3.08M)

0% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 25

1% less funds holding

Funds holding: 80 → 79 (-1)

Holders
79
Holders Change
-1
Holders Change %
-1.25%
% of All Funds
1.24%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
25
Reduced
25
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$3.95M
2
RCM
Rivernorth Capital Management
Florida
+$1.49M
3
BI
Bulldog Investors
New Jersey
+$872K
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$727K
5
Bank of New York Mellon
Bank of New York Mellon
New York
+$565K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$955K
2
Morgan Stanley
Morgan Stanley
New York
-$178K
3
HWAM
Hennion & Walsh Asset Management
New Jersey
-$136K
4
CIA
Capital Investment Advisors
Georgia
-$123K
5
AC
Almitas Capital
California
-$95.3K
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
26
PNC Financial Services Group
Pennsylvania
$1.08M – – –
DFG
27
Delphi Financial Group
Delaware
$899K – – –
BI
28
Bulldog Investors
New Jersey
$869K +$872K +100,877 New
PAS
29
Park Avenue Securities
New York
$843K -$33.5K -3,871 -4%
ACM
30
Ategra Capital Management
Virginia
$808K – – –
LPL Financial
31
LPL Financial
California
$745K +$51.5K +5,951 +7%
RP
32
Riverbridge Partners
Minnesota
$680K -$58.4K -6,757 -8%
USCWA
33
U.S. Capital Wealth Advisors
Texas
$669K – – –
TW
34
Transform Wealth
Colorado
$599K – – –
Bank of New York Mellon
35
Bank of New York Mellon
New York
$563K +$565K +65,335 New
Osaic Holdings
36
Osaic Holdings
Arizona
$474K -$34.2K -3,959 -7%
RJA
37
Raymond James & Associates
Florida
$456K +$108K +12,472 +31%
Stifel Financial
38
Stifel Financial
Missouri
$448K -$6.92K -800 -2%
Baird Financial Group
39
Baird Financial Group
Wisconsin
$443K – – –
Bank of Montreal
40
Bank of Montreal
Ontario, Canada
$417K +$10.9K +1,265 +3%
HighTower Advisors
41
HighTower Advisors
Illinois
$383K -$40.7K -4,708 -9%
Royal Bank of Canada
42
Royal Bank of Canada
Ontario, Canada
$366K -$34.1K -3,947 -8%
DWM
43
Dakota Wealth Management
Florida
$339K -$69K -7,983 -17%
BRWA
44
B. Riley Wealth Advisors
Florida
$332K +$334K +38,594 New
SFWA
45
Summit Financial Wealth Advisors
Louisiana
$315K +$4.32K +500 +1%
EH
46
Equitable Holdings
New York
$232K +$2.13K +246 +0.9%
Commonwealth Equity Services
47
Commonwealth Equity Services
Massachusetts
$231K -$79K -9,130 -25%
CIA
48
Choate Investment Advisors
Massachusetts
$226K – – –
BW
49
Basepoint Wealth
Iowa
$205K -$830 -96 -0.4%
CP
50
Camelot Portfolios
Ohio
$202K -$15.2K -1,755 -7%
1
2
3 4

KTF Hedge Fund Activity: Q2 2023 in Review

79 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in DWS Municipal Income Trust (KTF) for Q2 2023, worth a combined $165M — up 1.9% from $161M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new KTF positions and 7 closed out — a net gain of 1 holder — while 25 added to existing stakes and 25 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $3.95M. The largest seller was Karpus Investment Management, cutting an estimated $955K.

  • 79 institutional investors held DWS Municipal Income Trust (KTF) as of Q2 2023, down from 80 in Q1 2023.
  • Funds reported $165M of DWS Municipal Income Trust stock for Q2 2023, up 1.9% quarter-over-quarter.
  • 8 funds opened new DWS Municipal Income Trust positions in Q2 2023 and 7 closed out, a net change of +1 holder.
  • The largest DWS Municipal Income Trust buyer in Q2 2023 was Saba Capital Management, an estimated $3.95M added.
  • The largest DWS Municipal Income Trust seller in Q2 2023 was Karpus Investment Management, an estimated $955K sold.

Based on aggregated 13F filings for Q2 2023.