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KTF

DWS Municipal Income Trust
KTF

73 hedge funds and large institutions have $114M invested in DWS Municipal Income Trust in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 31 increasing their positions, 21 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 21

6% more capital invested

Capital invested by funds: $107M → $114M (+$6.86M)

2.7% more ownership

Funds ownership: 24.16% → 26.86% (+2.7%)

8% less funds holding

Funds holding: 79 → 73 (-6)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
73
Holders Change
-6
Holders Change %
-7.59%
% of All Funds
1.61%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
7
Increased
31
Reduced
21
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
+$9.06M
2
KIM
Karpus Investment Management
New York
+$6.49M
3
VCM
Vivaldi Capital Management
Illinois
+$5.1M
4
SIA
Sit Investment Associates
Minnesota
+$1.8M
5
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$1.16M

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$5.28M
2
ACA
Ackerman Capital Advisors
Texas
-$2.67M
3
RCM
Rivernorth Capital Management
Florida
-$2.13M
4
Morgan Stanley
Morgan Stanley
New York
-$1.44M
5
MIG
Mariner Investment Group
New York
-$1.38M
Name Holding Trade Value Shares
Change 		Change in
Stake
ACA
51
Ackerman Capital Advisors
Texas
$183K -$2.67M -236,369 -93%
RCA
52
Ranch Capital Advisors
Florida
$168K – – –
HighTower Advisors
53
HighTower Advisors
Illinois
$166K -$238K -21,006 -58%
FIA
54
FNY Investment Advisers
New York
$142K +$109K +9,667 +275%
MFG
55
MidWestOne Financial Group
Iowa
$138K – – –
CB
56
Commerce Bank
Missouri
$128K +$134K +11,834 New
Stifel Financial
57
Stifel Financial
Missouri
$122K -$57.8K -5,110 -31%
CFG
58
Citizens Financial Group
Rhode Island
$78K – – –
CFGS
59
Concourse Financial Group Securities
Alabama
$64K +$260 +23 +0.4%
US Bancorp
60
US Bancorp
Minnesota
$35K -$6.38K -564 -15%
Bank of Montreal
61
Bank of Montreal
Ontario, Canada
$29K +$17.4K +1,537 +123%
WAM
62
Wolverine Asset Management
Illinois
$28K -$854K -75,507 -97%
BAM
63
Bellevue Asset Management
Washington
$22K – – –
SNT
64
Security National Trust
West Virginia
$11K – – –
GWM
65
Geneos Wealth Management
Colorado
$10K -$5.66K -500 -33%
TWA
66
TCI Wealth Advisors
Arizona
$10K – – –
Citigroup
67
Citigroup
New York
$9K +$68 +6 +0.8%
NFG
68
Next Financial Group
Texas
$6K -$4.09K -362 -40%
CT
69
Caldwell Trust
Florida
$5.39K – – –
MIM
70
Macroview Investment Management
Maryland
$5K -$7.89K -698 -62%
PAM
71
Panagora Asset Management
Massachusetts
$5K +$1.72K +152 +57%
Allianz Asset Management
72
Allianz Asset Management
Germany
– -$1.07M -94,260 Closed
Northern Trust
73
Northern Trust
Illinois
– -$7K -60,725 Closed
PAS
74
Park Avenue Securities
New York
– -$415K -36,652 Closed
Susquehanna International Group
75
Susquehanna International Group
Pennsylvania
– -$293K -25,889 Closed
1 2
3
4

KTF Hedge Fund Activity: Q1 2020 in Review

73 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in DWS Municipal Income Trust (KTF) for Q1 2020, worth a combined $114M — up 6.4% from $107M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of KTF and 7 opened new positions — a net loss of 4 holders — while 21 trimmed existing stakes and 31 added.

The largest buyer was 1607 Capital Partners, adding an estimated $9.06M. The largest seller was Robinson Capital Management, cutting an estimated $5.28M.

  • 73 institutional investors held DWS Municipal Income Trust (KTF) as of Q1 2020, down from 79 in Q4 2019.
  • Funds reported $114M of DWS Municipal Income Trust stock for Q1 2020, up 6.4% quarter-over-quarter.
  • 7 funds opened new DWS Municipal Income Trust positions in Q1 2020 and 11 closed out, a net change of -4 holders.
  • The largest DWS Municipal Income Trust buyer in Q1 2020 was 1607 Capital Partners, an estimated $9.06M added.
  • The largest DWS Municipal Income Trust seller in Q1 2020 was Robinson Capital Management, an estimated $5.28M sold.

Based on aggregated 13F filings for Q1 2020.