DWS Municipal Income Trust
KTF
74 hedge funds and large institutions have $142M invested in DWS Municipal Income Trust in 2020 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 22 increasing their positions, 22 reducing their positions, and 7 closing their positions.
9% more capital invested
Capital invested by funds: $129M → $142M (+$12.2M)
2.1% more ownership
Funds ownership: 30.26% → 32.36% (+2.1%)
0% more funds holding
Funds holding: 74 → 74 (0)
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
0% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 22
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
|
+$16.7M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.17M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$951K |
| 4 |
CFB
Cullen/Frost Bankers
San Antonio,
Texas
|
+$784K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$654K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$7.83M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.77M |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$716K |
| 4 |
Morgan Stanley
New York
|
-$574K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$210K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CAN
76
Cetera Advisor Networks
El Segundo,
California
| – | -$43K | -3,966 | Closed |
|
77
US Bancorp
Minneapolis,
Minnesota
| – | -$18K | -1,675 | Closed |
|
|
PAG
78
Private Advisor Group
Morristown,
New Jersey
| – | -$14K | -1,315 | Closed |
|
|
CWM
79
Campbell Wealth Management
Alexandria,
Virginia
| – | -$9K | -800 | Closed |
|
KTF Hedge Fund Activity: Q3 2020 in Review
74 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in DWS Municipal Income Trust (KTF) for Q3 2020, worth a combined $142M — up 9.4% from $129M a quarter earlier.
Fund positioning in KTF was balanced in Q3 2020: 7 funds opened new positions, 7 closed out, 22 added to existing stakes and 22 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $16.7M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $7.83M sold.
- 74 institutional investors held DWS Municipal Income Trust (KTF) as of Q3 2020, unchanged from Q2 2020.
- Funds reported $142M of DWS Municipal Income Trust stock for Q3 2020, up 9.4% quarter-over-quarter.
- 7 funds opened new DWS Municipal Income Trust positions in Q3 2020 and 7 closed out, a net change of 0 holders.
- The largest DWS Municipal Income Trust buyer in Q3 2020 was Karpus Investment Management, an estimated $16.7M added.
- The largest DWS Municipal Income Trust seller in Q3 2020 was Robinson Capital Management, an estimated $7.83M sold.
Based on aggregated 13F filings for Q3 2020.