Vault-13

DWS MUN INCOME TR KTF

COM · Closed-End Fund · CUSIP 233368109

71 institutional holders +8 vs Q1 2026
17,590,45017.6m shares reported held*
$161.8mreported value*
8 new 20 added 23 reduced 2 sold out net sold ≈ $8.4m (-908.7k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $9.20.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 82Q4 22: 80Q1 23: 80Q2 23: 81Q3 23: 87Q4 23: 79Q1 24: 78Q2 24: 77Q3 24: 70Q4 24: 76Q1 25: 75Q2 25: 68Q3 25: 65Q4 25: 71Q1 26: 63Q2 26: 7171Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202282
Q4 202280
Q1 202380
Q2 202381
Q3 202387
Q4 202379
Q1 202478
Q2 202477
Q3 202470
Q4 202476
Q1 202575
Q2 202568
Q3 202565
Q4 202571
Q1 202663
Q2 202671

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 24: 23 bought or addedQ3 24: 37 cut or sold outQ4 24: 32 bought or addedQ4 24: 32 cut or sold outQ4 24Q1 25: 28 bought or addedQ1 25: 30 cut or sold outQ2 25: 29 bought or addedQ2 25: 32 cut or sold outQ2 25Q3 25: 23 bought or addedQ3 25: 32 cut or sold outQ4 25: 34 bought or addedQ4 25: 23 cut or sold outQ4 25Q1 26: 25 bought or addedQ1 26: 35 cut or sold outQ2 26: 28 bought or addedQ2 26: 25 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20242337
Q4 20243232
Q1 20252830
Q2 20252932
Q3 20252332
Q4 20253423
Q1 20262535
Q2 20262825

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +273,652+273.7k
Cambridge Investment Research Advisors, Inc. Added +61,266+61.3k
Fiera Capital Corp Added +58,800+58.8k
HRT FINANCIAL LP New +38,904+38.9k
Logan Stone Capital, LLC New +32,019+32.0k
MORGAN STANLEY Added +31,631+31.6k
Summit Trail Advisors, LLC Added +26,593+26.6k
Concurrent Investment Advisors, LLC Added +26,200+26.2k
Integrated Wealth Concepts LLC Added +23,776+23.8k
Americana Partners, LLC New +20,265+20.3k

Biggest sellers

Karpus Management, Inc. Reduced -530,059-530.1k
1607 Capital Partners, LLC Reduced -445,151-445.2k
Hennion & Walsh Asset Management, Inc. Reduced -224,343-224.3k
LPL Financial LLC Reduced -137,583-137.6k
SIT INVESTMENT ASSOCIATES INC Reduced -111,388-111.4k
COHEN & STEERS, INC. Reduced -70,000-70.0k
VAN ECK ASSOCIATES CORP Reduced -24,815-24.8k
Focus Partners Wealth Reduced -15,774-15.8k
MELFA WEALTH MANAGEMENT, INC. Reduced -8,631-8.6k
Wellspring Financial Advisors, LLC Reduced -7,700-7.7k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
SIT INVESTMENT ASSOCIATES INC 13G · institution no change · filed 2026-10-01 22.9% no change 9.0m≈ $82.7m 2026-10-01
Karpus Management, Inc. 13G · institution -1.4 pts · filed 2026-08-14 7.0% -1.4 pts 2.8m≈ $25.4m 2026-08-14

Fell to 5% or below in the last year: JPMorgan Chase Bank, N.A. (0.0%, 2026-10-16)

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SIT INVESTMENT ASSOCIATES INC 1.70% of their portfolio Minneapolis, MN 9,781,9969.8m $90.0m $90.0m 1.70% Reduced -111.4k -111,388
2 Karpus Management, Inc. 0.73% of their portfolio Pittsford, NY 2,760,9572.8m $25.4m $25.4m 0.73% Reduced -530.1k -530,059
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 737,018737.0k $6.8m $6.8m 0.00% Added +273.7k +273,652
4 1607 Capital Partners, LLC 0.56% of their portfolio Richmond, VA 695,792695.8k $6.4m $6.4m 0.56% Reduced -445.2k -445,151
5 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 304,737304.7k $2.8m $2.8m 0.00% Reduced -15.8k -15,774
6 Capital Investment Advisors, LLC 0.03% of their portfolio ATLANTA, GA 266,496266.5k $2.5m $2.5m 0.03% Reduced -5.4k -5,439
7 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 229,982230.0k $2.1m $2.1m 0.00% Reduced -24.8k -24,815
8 Hennion & Walsh Asset Management, Inc. 0.05% of their portfolio Parsippany, NJ 205,379205.4k $1.9m $1.9m 0.05% Reduced -224.3k -224,343
9 Fiera Capital Corp 0.01% of their portfolio MONTREAL, A8 170,651170.7k $1.6m $1.6m 0.01% Added +58.8k +58,800
10 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 132,948132.9k $1.2m $1.2m 0.00% Reduced -4.1k -4,110
11 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 126,286126.3k $1.2m $1.2m 0.00% Unchanged
12 MELFA WEALTH MANAGEMENT, INC. 0.60% of their portfolio WESTBOROUGH, MA 120,569120.6k $1.1m $1.1m 0.60% Reduced -8.6k -8,631
13 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 118,570118.6k $1.1m $1.1m 0.00% Added +61.3k +61,266
14 Dakota Wealth Management 0.02% of their portfolio PALM BEACH GARDENS, FL 117,161117.2k $1.1m $1.1m 0.02% Reduced -3.7k -3,700
15 WEDBUSH SECURITIES INC 0.02% of their portfolio PASADENA, CA 93,72693.7k $862.0k $862.0k 0.02% Added +16.5k +16,482
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 92,13292.1k $847.6k $847.6k 0.00% Added +31.6k +31,631
17 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 91,95692.0k $846.0k $846.0k 0.00% Reduced -6.0k -6,005
18 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 91,15391.2k $838.6k $838.6k 0.00% Reduced -137.6k -137,583
19 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 79,02679.0k $727.0k $727.0k 0.00% Unchanged
20 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 77,85077.8k $716.2k $716.2k 0.01% Added +26.2k +26,200
21 Summit Trail Advisors, LLC 0.01% of their portfolio NEW YORK, NY 73,86673.9k $679.6k $679.6k 0.01% Added +26.6k +26,593
22 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 73,83973.8k $679.0k $679.0k 0.00% Added +2.9k +2,880
23 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 67,13767.1k $617.7k $617.7k 0.00% Reduced -865 -865
24 Regatta Research & Money Management 0.58% of their portfolio METAIRIE, LA 66,29766.3k $609.9k $609.9k 0.58% First filing
25 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 64,68264.7k $595.1k $595.1k 0.00% Added +16.1k +16,054
26 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 55,25055.2k $507.6k $507.6k 0.00% Added +2.4k +2,350
27 UBS Group AG 0.00% of their portfolio ZURICH, V8 54,86954.9k $504.8k $504.8k 0.00% Reduced -2.3k -2,269
28 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 51,46251.5k $473.4k $473.4k 0.00% Unchanged
29 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 48,93848.9k $450.2k $450.2k 0.01% Reduced -5.0k -5,041
30 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 47,63747.6k $438.3k $438.3k 0.00% Added +11.2k +11,200
31 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 46,63346.6k $429.0k $429.0k 0.00% Added +23.8k +23,776
32 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 44,68144.7k $411.1k $411.1k 0.00% Reduced -1.0k -1,000
33 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 38,90438.9k $357.0k $357.0k 0.00% New
34 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 32,27932.3k $297.0k $297.0k 0.00% Added +1.2k +1,200
35 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 32,18532.2k $296.1k $296.1k 0.00% Unchanged
36 Logan Stone Capital, LLC 0.06% of their portfolio CHICAGO, IL 32,01932.0k $294.6k $294.6k 0.06% New
37 Camelot Portfolios, LLC 0.19% of their portfolio Maumee, OH 29,56829.6k $272.0k $272.0k 0.19% Reduced -466 -466
38 Noble Wealth Management PBC 0.12% of their portfolio GREENWOOD VILLAGE, CO 28,85028.9k $265.4k $265.4k 0.12% Reduced -4.7k -4,670
39 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 28,06028.1k $258.2k $258.2k 0.00% Unchanged
40 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 24,78724.8k $228.0k $228.0k 0.00% Reduced -2.7k -2,681
41 GRAHAM CAPITAL WEALTH MANAGEMENT, LLC 0.17% of their portfolio WASHINGTON, DC 23,46023.5k $215.8k $215.8k 0.17% Reduced -197 -197
42 ROTHSCHILD INVESTMENT LLC 0.01% of their portfolio CHICAGO, IL 23,31723.3k $214.5k $214.5k 0.01% Unchanged
43 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 22,77122.8k $209.5k $209.5k 0.00% Unchanged
44 Summit Financial Wealth Advisors, LLC 0.03% of their portfolio Lafayette, LA 22,50022.5k $207.0k $207.0k 0.03% Unchanged
45 Americana Partners, LLC 0.00% of their portfolio Houston, TX 20,26520.3k $186.4k $186.4k 0.00% New
46 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 20,00020.0k $184.0k $184.0k 0.00% Reduced -70.0k -70,000
47 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 19,40219.4k $178.5k $178.5k 0.00% Added +3.1k +3,053
48 Wellspring Financial Advisors, LLC 0.01% of their portfolio CLEVELAND, OH 19,02619.0k $175.0k $175.0k 0.01% Reduced -7.7k -7,700
49 Plan A Wealth LLC 0.07% of their portfolio LINCOLN, NE 17,25317.3k $158.7k $158.7k 0.07% Unchanged
50 Savvy Advisors, Inc. 0.00% of their portfolio NEW YORK, NY 16,67616.7k $153.4k $153.4k 0.00% Unchanged
51 Basepoint Wealth LLC 0.09% of their portfolio CEDAR RAPIDS, IA 16,64316.6k $153.1k $153.1k 0.09% Reduced -4.5k -4,525
52 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 15,52215.5k $142.8k $142.8k 0.00% Added +12 +12
53 READYSTATE ASSET MANAGEMENT LP 0.01% of their portfolio CHICAGO, IL 14,95415.0k $137.6k $137.6k 0.01% New
54 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 13,26113.3k $122.0k $122.0k 0.00% Unchanged
55 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 12,63412.6k $116.2k $116.2k 0.00% Added +48 +48
56 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 11,98812.0k $110.3k $110.3k 0.00% New
57 Mutual Advisors, LLC 0.00% of their portfolio OMAHA, NE 11,50011.5k $105.8k $105.8k 0.00% New
58 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 11,46511.5k $105.5k $105.5k 0.00% New
59 Worth Asset Management, LLC 0.03% of their portfolio DALLAS, TX 10,95611.0k $100.8k $100.8k 0.03% New
60 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 8,0538.1k $74.1k $74.1k 0.00% Unchanged
61 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 7,2147.2k $66.4k $66.4k 0.00% Added +2.2k +2,215
62 Penserra Capital Management LLC 0.00% of their portfolio ORINDA, CA 4,9865.0k $45.0k $45.0k 0.00% Added +3.3k +3,324
63 Allied Private Wealth LLC 0.01% of their portfolio BOCA RATON, FL 2,4442.4k $22.6k $22.6k 0.01% First filing
64 Indiana Trust & Investment Management Co 0.01% of their portfolio MISHAWAKA, IN 2,0282.0k $18.7k $18.7k 0.01% Unchanged
65 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 1,4721.5k $13.5k $13.5k 0.00% Added +29 +29
66 HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio SHERMAN OAKS, CA 1,3901.4k $12.8k $12.8k 0.00% Unchanged
67 Cullen/Frost Bankers, Inc. 0.00% of their portfolio San Antonio, TX 1,3341.3k $12.3k $12.3k 0.00% Unchanged
68 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 815815 $7.5k $7.5k 0.00% Added +16 +16
69 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 528528 $4.9k $4.9k 0.00% Unchanged
70 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 165165 $1.5k $1.5k 0.00% Unchanged
71 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 100100 $920 $920 0.00% Unchanged