DWS Municipal Income Trust
KTF
71 hedge funds and large institutions have $87.6M invested in DWS Municipal Income Trust in 2019 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 17 increasing their positions, 23 reducing their positions, and 11 closing their positions.
36% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 11
14% more capital invested
Capital invested by funds: $77.2M → $87.6M (+$10.4M)
6% more funds holding
Funds holding: 67 → 71 (+4)
1.17% more ownership
Funds ownership: 19.01% → 20.18% (+1.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
26% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$7.65M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.82M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.35M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.45M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$518K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.57M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.62M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.34M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.26M |
| 5 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
-$698K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LNWWM
76
Laird Norton Wetherby Wealth Management
San Francisco,
California
| – | -$153K | -14,819 | Closed |
|
77
Northern Trust
Chicago,
Illinois
| – | -$2K | -14,500 | Closed |
|
|
VF
78
Virtu Financial
New York
| – | -$130K | -12,661 | Closed |
|
|
GWA
79
Guidant Wealth Advisors
Palatine,
Illinois
| – | -$61K | -6,000 | Closed |
|
|
QCIG
80
Quad-Cities Investment Group
Davenport,
Iowa
| – | -$21K | -2,000 | Closed |
|
|
MOS
81
MGO One Seven
Beachwood,
Ohio
| – | -$8K | -806 | Closed |
|
82
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | +$76 | +7 | New |
|
KTF Hedge Fund Activity: Q1 2019 in Review
71 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in DWS Municipal Income Trust (KTF) for Q1 2019, worth a combined $87.6M — up 14% from $77.2M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new KTF positions and 11 closed out — a net gain of 4 holders — while 17 added to existing stakes and 23 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $7.65M. The largest seller was Karpus Investment Management, cutting an estimated $3.57M.
- 71 institutional investors held DWS Municipal Income Trust (KTF) as of Q1 2019, up from 67 in Q4 2018.
- Funds reported $87.6M of DWS Municipal Income Trust stock for Q1 2019, up 14% quarter-over-quarter.
- 15 funds opened new DWS Municipal Income Trust positions in Q1 2019 and 11 closed out, a net change of +4 holders.
- The largest DWS Municipal Income Trust buyer in Q1 2019 was Robinson Capital Management, an estimated $7.65M added.
- The largest DWS Municipal Income Trust seller in Q1 2019 was Karpus Investment Management, an estimated $3.57M sold.
Based on aggregated 13F filings for Q1 2019.