DWS MUN INCOME TR KTF
COM · Closed-End Fund · CUSIP 233368109
* 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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 82 |
| Q4 2022 | 80 |
| Q1 2023 | 80 |
| Q2 2023 | 81 |
| Q3 2023 | 87 |
| Q4 2023 | 79 |
| Q1 2024 | 78 |
| Q2 2024 | 77 |
| Q3 2024 | 70 |
| Q4 2024 | 76 |
| Q1 2025 | 75 |
| Q2 2025 | 68 |
| Q3 2025 | 65 |
| Q4 2025 | 71 |
| Q1 2026 | 63 |
| Q2 2026 | 71 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 23 | 37 |
| Q4 2024 | 32 | 32 |
| Q1 2025 | 28 | 30 |
| Q2 2025 | 29 | 32 |
| Q3 2025 | 23 | 32 |
| Q4 2025 | 34 | 23 |
| Q1 2026 | 25 | 35 |
| Q2 2026 | 28 | 25 |
Biggest buyers
| BANK OF AMERICA CORP /DE/ | Added | +273.7k |
| Cambridge Investment Research Advisors, Inc. | Added | +61.3k |
| Fiera Capital Corp | Added | +58.8k |
| HRT FINANCIAL LP | New | +38.9k |
| Logan Stone Capital, LLC | New | +32.0k |
| MORGAN STANLEY | Added | +31.6k |
| Summit Trail Advisors, LLC | Added | +26.6k |
| Concurrent Investment Advisors, LLC | Added | +26.2k |
| Integrated Wealth Concepts LLC | Added | +23.8k |
| Americana Partners, LLC | New | +20.3k |
Biggest sellers
| Karpus Management, Inc. | Reduced | -530.1k |
| 1607 Capital Partners, LLC | Reduced | -445.2k |
| Hennion & Walsh Asset Management, Inc. | Reduced | -224.3k |
| LPL Financial LLC | Reduced | -137.6k |
| SIT INVESTMENT ASSOCIATES INC | Reduced | -111.4k |
| COHEN & STEERS, INC. | Reduced | -70.0k |
| VAN ECK ASSOCIATES CORP | Reduced | -24.8k |
| Focus Partners Wealth | Reduced | -15.8k |
| MELFA WEALTH MANAGEMENT, INC. | Reduced | -8.6k |
| Wellspring Financial Advisors, LLC | Reduced | -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.
| Holder | Stake |
|---|---|
| SIT INVESTMENT ASSOCIATES INC 13G · institution no change · filed 2026-10-01 | 22.9% |
| Karpus Management, Inc. 13G · institution -1.4 pts · filed 2026-08-14 | 7.0% |
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
| Manager | Shares | Change |
|---|---|---|
| SIT INVESTMENT ASSOCIATES INC 1.70% of their portfolio | 9.8m $90.0m | Reduced -111.4k |
| Karpus Management, Inc. 0.73% of their portfolio | 2.8m $25.4m | Reduced -530.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 737.0k $6.8m | Added +273.7k |
| 1607 Capital Partners, LLC 0.56% of their portfolio | 695.8k $6.4m | Reduced -445.2k |
| Focus Partners Wealth 0.00% of their portfolio | 304.7k $2.8m | Reduced -15.8k |
| Capital Investment Advisors, LLC 0.03% of their portfolio | 266.5k $2.5m | Reduced -5.4k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 230.0k $2.1m | Reduced -24.8k |
| Hennion & Walsh Asset Management, Inc. 0.05% of their portfolio | 205.4k $1.9m | Reduced -224.3k |
| Fiera Capital Corp 0.01% of their portfolio | 170.7k $1.6m | Added +58.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 132.9k $1.2m | Reduced -4.1k |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 126.3k $1.2m | Unchanged |
| MELFA WEALTH MANAGEMENT, INC. 0.60% of their portfolio | 120.6k $1.1m | Reduced -8.6k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 118.6k $1.1m | Added +61.3k |
| Dakota Wealth Management 0.02% of their portfolio | 117.2k $1.1m | Reduced -3.7k |
| WEDBUSH SECURITIES INC 0.02% of their portfolio | 93.7k $862.0k | Added +16.5k |
| MORGAN STANLEY 0.00% of their portfolio | 92.1k $847.6k | Added +31.6k |
| NewEdge Advisors, LLC 0.00% of their portfolio | 92.0k $846.0k | Reduced -6.0k |
| LPL Financial LLC 0.00% of their portfolio | 91.2k $838.6k | Reduced -137.6k |
| Nuveen, LLC 0.00% of their portfolio | 79.0k $727.0k | Unchanged |
| Concurrent Investment Advisors, LLC 0.01% of their portfolio | 77.8k $716.2k | Added +26.2k |
| Summit Trail Advisors, LLC 0.01% of their portfolio | 73.9k $679.6k | Added +26.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 73.8k $679.0k | Added +2.9k |
| GUGGENHEIM CAPITAL LLC 0.00% of their portfolio | 67.1k $617.7k | Reduced -865 |
| Regatta Research & Money Management 0.58% of their portfolio | 66.3k $609.9k | First filing |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 64.7k $595.1k | Added +16.1k |
| &PARTNERS 0.00% of their portfolio | 55.2k $507.6k | Added +2.4k |
| UBS Group AG 0.00% of their portfolio | 54.9k $504.8k | Reduced -2.3k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 51.5k $473.4k | Unchanged |
| Advisory Services Network, LLC 0.01% of their portfolio | 48.9k $450.2k | Reduced -5.0k |
| Stratos Wealth Partners, LTD. 0.00% of their portfolio | 47.6k $438.3k | Added +11.2k |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 46.6k $429.0k | Added +23.8k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 44.7k $411.1k | Reduced -1.0k |
| HRT FINANCIAL LP 0.00% of their portfolio | 38.9k $357.0k | New |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 32.3k $297.0k | Added +1.2k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 32.2k $296.1k | Unchanged |
| Logan Stone Capital, LLC 0.06% of their portfolio | 32.0k $294.6k | New |
| Camelot Portfolios, LLC 0.19% of their portfolio | 29.6k $272.0k | Reduced -466 |
| Noble Wealth Management PBC 0.12% of their portfolio | 28.9k $265.4k | Reduced -4.7k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 28.1k $258.2k | Unchanged |
| OPPENHEIMER & CO INC 0.00% of their portfolio | 24.8k $228.0k | Reduced -2.7k |
| GRAHAM CAPITAL WEALTH MANAGEMENT, LLC 0.17% of their portfolio | 23.5k $215.8k | Reduced -197 |
| ROTHSCHILD INVESTMENT LLC 0.01% of their portfolio | 23.3k $214.5k | Unchanged |
| Creative Planning 0.00% of their portfolio | 22.8k $209.5k | Unchanged |
| Summit Financial Wealth Advisors, LLC 0.03% of their portfolio | 22.5k $207.0k | Unchanged |
| Americana Partners, LLC 0.00% of their portfolio | 20.3k $186.4k | New |
| COHEN & STEERS, INC. 0.00% of their portfolio | 20.0k $184.0k | Reduced -70.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 19.4k $178.5k | Added +3.1k |
| Wellspring Financial Advisors, LLC 0.01% of their portfolio | 19.0k $175.0k | Reduced -7.7k |
| Plan A Wealth LLC 0.07% of their portfolio | 17.3k $158.7k | Unchanged |
| Savvy Advisors, Inc. 0.00% of their portfolio | 16.7k $153.4k | Unchanged |
| Basepoint Wealth LLC 0.09% of their portfolio | 16.6k $153.1k | Reduced -4.5k |
| MAI Capital Management 0.00% of their portfolio | 15.5k $142.8k | Added +12 |
| READYSTATE ASSET MANAGEMENT LP 0.01% of their portfolio | 15.0k $137.6k | New |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 13.3k $122.0k | Unchanged |
| HighTower Advisors, LLC 0.00% of their portfolio | 12.6k $116.2k | Added +48 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 12.0k $110.3k | New |
| Mutual Advisors, LLC 0.00% of their portfolio | 11.5k $105.8k | New |
| Clear Street Group Inc. 0.00% of their portfolio | 11.5k $105.5k | New |
| Worth Asset Management, LLC 0.03% of their portfolio | 11.0k $100.8k | New |
| US BANCORP \DE\ 0.00% of their portfolio | 8.1k $74.1k | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 7.2k $66.4k | Added +2.2k |
| Penserra Capital Management LLC 0.00% of their portfolio | 5.0k $45.0k | Added +3.3k |
| Allied Private Wealth LLC 0.01% of their portfolio | 2.4k $22.6k | First filing |
| Indiana Trust & Investment Management Co 0.01% of their portfolio | 2.0k $18.7k | Unchanged |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 1.5k $13.5k | Added +29 |
| HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio | 1.4k $12.8k | Unchanged |
| Cullen/Frost Bankers, Inc. 0.00% of their portfolio | 1.3k $12.3k | Unchanged |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 815 $7.5k | Added +16 |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 528 $4.9k | Unchanged |
| ASSETMARK, INC 0.00% of their portfolio | 165 $1.5k | Unchanged |
| Parallel Advisors, LLC 0.00% of their portfolio | 100 $920 | Unchanged |