DWS Municipal Income Trust
KTF
79 hedge funds and large institutions have $107M invested in DWS Municipal Income Trust in 2019 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 31 increasing their positions, 19 reducing their positions, and 8 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 19
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
8% more capital invested
Capital invested by funds: $99.3M → $107M (+$8.19M)
4% more funds holding
Funds holding: 76 → 79 (+3)
1.91% more ownership
Funds ownership: 22.25% → 24.16% (+1.9%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$3.32M |
| 2 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$1.85M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$812K |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$696K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$541K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$665K |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$315K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$245K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$229K |
| 5 |
RCA
Ranch Capital Advisors
Sarasota,
Florida
|
-$212K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BB
76
Busey Bank
Urbana,
Illinois
| $4K | +$3.78K | +330 | New |
|
|
PAM
77
Panagora Asset Management
Boston,
Massachusetts
| $3K | -$4.35K | -380 | -59% |
|
|
BCI
78
Brinker Capital Investments
Berwyn,
Pennsylvania
| $1K | – | – | – |
|
|
79
Baird Financial Group
Milwaukee,
Wisconsin
| – | -$665K | -57,362 | Closed |
|
|
AA
80
AQR Arbitrage
Greenwich,
Connecticut
| – | -$315K | -27,210 | Closed |
|
|
HB
81
Homrich & Berg
Atlanta,
Georgia
| – | -$135K | -11,667 | Closed |
|
82
KeyBank National Association
Cleveland,
Ohio
| – | -$129K | -11,161 | Closed |
|
|
TC
83
Truvestments Capital
Sarasota,
Florida
| – | -$21K | -1,845 | Closed |
|
|
FNBOSM
84
First National Bank of South Miami
South Miami,
Florida
| – | -$12K | -1,000 | Closed |
|
85
Rockefeller Capital Management
New York
| – | -$12K | -1,000 | Closed |
|
|
EW
86
Evoke Wealth
Los Angeles,
California
| – | -$3.09K | -267 | Closed |
|
KTF Hedge Fund Activity: Q4 2019 in Review
79 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in DWS Municipal Income Trust (KTF) for Q4 2019, worth a combined $107M — up 8.3% from $99.3M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new KTF positions and 8 closed out — a net gain of 3 holders — while 31 added to existing stakes and 19 trimmed.
The largest buyer was 1607 Capital Partners, adding an estimated $3.32M. The largest seller was Baird Financial Group, exiting entirely with an estimated $665K sold.
- 79 institutional investors held DWS Municipal Income Trust (KTF) as of Q4 2019, up from 76 in Q3 2019.
- Funds reported $107M of DWS Municipal Income Trust stock for Q4 2019, up 8.3% quarter-over-quarter.
- 11 funds opened new DWS Municipal Income Trust positions in Q4 2019 and 8 closed out, a net change of +3 holders.
- The largest DWS Municipal Income Trust buyer in Q4 2019 was 1607 Capital Partners, an estimated $3.32M added.
- The largest DWS Municipal Income Trust seller in Q4 2019 was Baird Financial Group, an estimated $665K sold.
Based on aggregated 13F filings for Q4 2019.