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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$9.06M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$6.49M |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$5.1M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.8M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$1.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$5.28M |
| 2 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$2.67M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.13M |
| 4 |
Morgan Stanley
New York
|
-$1.44M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.38M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RJFSA
76
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$144K | -12,678 | Closed |
|
|
AI
77
Atria Investments
Charlotte,
North Carolina
| – | -$131K | -11,579 | Closed |
|
|
PWM
78
PBMares Wealth Management
Williamsburg,
Virginia
| – | -$130K | -11,500 | Closed |
|
|
PAS
79
Partnervest Advisory Services
Santa Barbara,
California
| – | -$128K | -11,256 | Closed |
|
80
JP Morgan Chase
New York
| – | -$7K | -601 | Closed |
|
|
BB
81
Busey Bank
Urbana,
Illinois
| – | -$4K | -330 | Closed |
|
|
BCI
82
Brinker Capital Investments
Berwyn,
Pennsylvania
| – | -$1K | -50 | Closed |
|
|
WLPWM
83
Walled Lake Planning & Wealth Management
Winnetka,
Illinois
| – | +$170 | +15 | New |
|
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.