DWS Municipal Income Trust
KTF
67 hedge funds and large institutions have $77.2M invested in DWS Municipal Income Trust in 2018 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 17 increasing their positions, 23 reducing their positions, and 16 closing their positions.
26% more capital invested
Capital invested by funds: $61.4M → $77.2M (+$15.8M)
4.2% more ownership
Funds ownership: 14.81% → 19.01% (+4.2%)
0% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 16
1% less funds holding
Funds holding: 68 → 67 (-1)
26% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 23
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$13.3M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.82M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.87M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.6M |
| 5 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
+$1.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$10M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
-$616K |
| 3 |
6M
6 Meridian
Wichita,
Kansas
|
-$581K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$470K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$320K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
HighTower Advisors
Chicago,
Illinois
| – | -$108K | -10,305 | Closed |
|
|
TRCT
77
Tower Research Capital (TRC)
New York
| – | -$96K | -9,131 | Closed |
|
|
KF
78
Krilogy Financial
St. Louis,
Missouri
| – | -$32K | -3,050 | Closed |
|
|
SWP
79
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$16K | -1,500 | Closed |
|
|
CAG
80
Csenge Advisory Group
Clearwater,
Florida
| – | -$12K | -1,195 | Closed |
|
|
CAC
81
Certified Advisory Corp
Altamonte Springs,
Florida
| – | -$7K | -629 | Closed |
|
|
RCC
82
Red Cedar Capital
Omaha,
Nebraska
| – | -$5K | -500 | Closed |
|
KTF Hedge Fund Activity: Q4 2018 in Review
67 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in DWS Municipal Income Trust (KTF) for Q4 2018, worth a combined $77.2M — up 26% from $61.4M a quarter earlier.
Fund positioning in KTF was balanced in Q4 2018: 16 funds opened new positions, 16 closed out, 17 added to existing stakes and 23 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $13.3M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $10M sold.
- 67 institutional investors held DWS Municipal Income Trust (KTF) as of Q4 2018, down from 68 in Q3 2018.
- Funds reported $77.2M of DWS Municipal Income Trust stock for Q4 2018, up 26% quarter-over-quarter.
- 16 funds opened new DWS Municipal Income Trust positions in Q4 2018 and 16 closed out, a net change of 0 holders.
- The largest DWS Municipal Income Trust buyer in Q4 2018 was Karpus Investment Management, an estimated $13.3M added.
- The largest DWS Municipal Income Trust seller in Q4 2018 was Robinson Capital Management, an estimated $10M sold.
Based on aggregated 13F filings for Q4 2018.