DWS Municipal Income Trust
KTF
74 hedge funds and large institutions have $129M invested in DWS Municipal Income Trust in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 25 increasing their positions, 22 reducing their positions, and 6 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
14% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 22
13% more capital invested
Capital invested by funds: $114M → $129M (+$15.2M)
3.4% more ownership
Funds ownership: 26.86% → 30.26% (+3.4%)
1% more funds holding
Funds holding: 73 → 74 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$8.87M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.94M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.69M |
| 4 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$1.31M |
| 5 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$810K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.98M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$749K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$489K |
| 4 |
Goldman Sachs
New York
|
-$485K |
| 5 |
CP
Camelot Portfolios
Maumee,
Ohio
|
-$185K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CB
76
Commerce Bank
Kansas City,
Missouri
| – | -$128K | -11,834 | Closed |
|
77
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$29K | -2,790 | Closed |
|
|
NFG
78
Next Financial Group
Houston,
Texas
| – | -$6K | -538 | Closed |
|
KTF Hedge Fund Activity: Q2 2020 in Review
74 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in DWS Municipal Income Trust (KTF) for Q2 2020, worth a combined $129M — up 13% from $114M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new KTF positions and 6 closed out — a net gain of 1 holder — while 25 added to existing stakes and 22 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $8.87M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $1.98M sold.
- 74 institutional investors held DWS Municipal Income Trust (KTF) as of Q2 2020, up from 73 in Q1 2020.
- Funds reported $129M of DWS Municipal Income Trust stock for Q2 2020, up 13% quarter-over-quarter.
- 7 funds opened new DWS Municipal Income Trust positions in Q2 2020 and 6 closed out, a net change of +1 holder.
- The largest DWS Municipal Income Trust buyer in Q2 2020 was Karpus Investment Management, an estimated $8.87M added.
- The largest DWS Municipal Income Trust seller in Q2 2020 was Fiera Capital (Canada), an estimated $1.98M sold.
Based on aggregated 13F filings for Q2 2020.