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 ($271.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $8.62.
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 82 |
| Q4 2022 | 80 |
Biggest buyers
| Karpus Management, Inc. | Added | +342.4k |
| Fiera Capital Corp | Added | +338.2k |
| Hennion & Walsh Asset Management, Inc. | Added | +316.0k |
| Saba Capital Management, L.P. | New | +280.9k |
| Logan Stone Capital, LLC | Added | +190.2k |
| SIT INVESTMENT ASSOCIATES INC | Added | +137.1k |
| Woodline Partners LP | New | +95.9k |
| ROBINSON CAPITAL MANAGEMENT, LLC | Added | +94.8k |
| Capital Investment Advisors, LLC | Added | +54.4k |
| HighTower Advisors, LLC | Added | +52.0k |
Biggest sellers
| Wakefield Asset Management LLLP | Sold out | -177.6k |
| GUGGENHEIM CAPITAL LLC | Reduced | -155.3k |
| Advisors Asset Management, Inc. | Sold out | -109.4k |
| Bulldog Investors, LLP | Sold out | -84.8k |
| MARINER INVESTMENT GROUP LLC | Sold out | -57.5k |
| MORGAN STANLEY | Reduced | -45.5k |
| UBS Group AG | Reduced | -41.8k |
| LPL Financial LLC | Reduced | -38.3k |
| LINCOLN NATIONAL CORP | Sold out | -34.5k |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -31.2k |
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 in Q4 2022
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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 1 | $5.2k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2022-12-21 | HERRING RICHARD J Director | Sold | $5.2k600 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| SIT INVESTMENT ASSOCIATES INC 0.87% of their portfolio | 3.6m $31.0m | Added +137.1k |
| Karpus Management, Inc. 0.75% of their portfolio | 2.6m $22.2m | Added +342.4k |
| 1607 Capital Partners, LLC 1.50% of their portfolio | 2.5m $21.9m | Reduced -14.5k |
| MORGAN STANLEY 0.00% of their portfolio | 1.8m $15.9m | Reduced -45.5k |
| Hennion & Walsh Asset Management, Inc. 0.43% of their portfolio | 803.4k $6.9m | Added +316.0k |
| Fiera Capital Corp 0.02% of their portfolio | 597.6k $5.1m | Added +338.2k |
| DEBUSSY CAPITAL MANAGEMENT LP 0.93% of their portfolio | 423.4k $3.8m | Added +28.4k |
| Capital Investment Advisors, LLC 0.10% of their portfolio | 376.4k $3.2m | Added +54.4k |
| GUGGENHEIM CAPITAL LLC 0.03% of their portfolio | 354.8k $3.1m | Reduced -155.3k |
| ROBINSON CAPITAL MANAGEMENT, LLC 1.55% of their portfolio | 346.4k $3.0m | Added +94.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 309.9k $2.7m | Reduced -1.7k |
| Saba Capital Management, L.P. 0.04% of their portfolio | 280.9k $2.4m | New |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 248.8k $2.1m | Added +38.6k |
| Logan Stone Capital, LLC 0.71% of their portfolio | 219.2k $1.9m | Added +190.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 211.0k $1.8m | Added +8.8k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.13% of their portfolio | 184.9k $1.6m | Unchanged |
| MacKay Shields LLC 0.04% of their portfolio | 179.4k $1.5m | Unchanged |
| UBS Group AG 0.00% of their portfolio | 154.5k $1.3m | Reduced -41.8k |
| MELFA WEALTH MANAGEMENT, INC. 1.36% of their portfolio | 150.9k $1.3m | First filing |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 150.4k $1.3m | Reduced -31.2k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 125.8k $1.1m | Added +45.3k |
| PARK AVENUE SECURITIES LLC 0.02% of their portfolio | 106.7k $919.0k | Added +1.3k |
| Delphi Financial Group, Inc. 0.45% of their portfolio | 104.5k $899.3k | Unchanged |
| U.S. Capital Wealth Advisors, LLC 0.04% of their portfolio | 101.7k $875.9k | Added +11.4k |
| Woodline Partners LP 0.01% of their portfolio | 95.9k $825.5k | New |
| Ategra Capital Management, LLC 0.40% of their portfolio | 88.2k $759.4k | Reduced -3.1k |
| RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio | 86.4k $744.0k | Added +6.0k |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 85.7k $738.3k | Added +17.1k |
| LPL Financial LLC 0.00% of their portfolio | 84.1k $723.9k | Reduced -38.3k |
| HighTower Advisors, LLC 0.00% of their portfolio | 69.9k $594.0k | Added +52.0k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 62.8k $541.0k | Reduced -18.0k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 51.5k $443.0k | Reduced -8.8k |
| AQR Arbitrage LLC 0.01% of their portfolio | 46.1k $396.8k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 45.4k $391.0k | Added +1.0k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 42.1k $415.1k | Added +23.5k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 39.7k $342.0k | Added +16.1k |
| Summit Financial Wealth Advisors, LLC 0.07% of their portfolio | 36.0k $310.3k | Reduced -600 |
| Dakota Wealth Management 0.02% of their portfolio | 35.8k $308.3k | Reduced -25.1k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 31.1k $267.0k | Added +4.9k |
| Simplicity Solutions, LLC 0.03% of their portfolio | 26.5k $228.3k | Added +95 |
| Choate Investment Advisors 0.01% of their portfolio | 26.2k $225.6k | Unchanged |
| Cetera Investment Advisers 0.00% of their portfolio | 24.9k $214.5k | Added +9.9k |
| Cetera Advisor Networks LLC 0.00% of their portfolio | 24.3k $209.4k | Reduced -28.2k |
| Basepoint Wealth LLC 0.18% of their portfolio | 23.8k $204.7k | Added +188 |
| Camelot Portfolios, LLC 0.15% of their portfolio | 23.5k $202.2k | Reduced -13.4k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 20.8k $179.0k | Reduced -1.1k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 20.1k $173.1k | Added +1.3k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.02% of their portfolio | 19.2k $165.6k | Added +1.8k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 18.7k $161.3k | New |
| Summit Trail Advisors, LLC 0.01% of their portfolio | 18.7k $160.9k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 18.0k $155.2k | Reduced -2.9k |
| INTEGRATED CAPITAL MANAGEMENT, INC. 0.13% of their portfolio | 17.0k $146.0k | Reduced -621 |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 14.3k $122.9k | Added +5.1k |
| Mariner, LLC 0.00% of their portfolio | 14.1k $121.0k | Reduced -18.4k |
| Laird Norton Wetherby Wealth Management, LLC 0.01% of their portfolio | 13.4k $115.6k | New |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 12.8k $110.3k | Reduced -500 |
| Ironsides Asset Advisors, LLC 0.05% of their portfolio | 12.7k $109.0k | Added +890 |
| Wellspring Financial Advisors, LLC 0.03% of their portfolio | 10.2k $87.8k | Unchanged |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 10.0k $86.3k | Unchanged |
| Worth Asset Management, LLC 0.05% of their portfolio | 8.4k $72.2k | Unchanged |
| MONTAG A & ASSOCIATES INC 0.00% of their portfolio | 3.0k $25.8k | Unchanged |
| UMB Bank, n.a. 0.00% of their portfolio | 3.0k $26.0k | Added +1.7k |
| CoreCap Advisors, LLC 0.00% of their portfolio | 2.5k $21.5k | New |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 1.9k $16.3k | Unchanged |
| BELLEVUE ASSET MANAGEMENT, LLC 0.01% of their portfolio | 1.8k $15.6k | Unchanged |
| CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.00% of their portfolio | 1.5k $13.2k | New |
| Park Place Capital Corp 0.00% of their portfolio | 1.5k $13.0k | First filing |
| Gradient Investments LLC 0.00% of their portfolio | 1.3k $11.2k | Unchanged |
| Pathway Financial Advisers, LLC 0.00% of their portfolio | 1.3k $11.0k | First filing |
| ROMANO BROTHERS AND COMPANY 0.00% of their portfolio | 1.0k $8.6k | New |
| Plante Moran Financial Advisors, LLC 0.00% of their portfolio | 1.0k $8.6k | Unchanged |
| BESSEMER GROUP INC 0.00% of their portfolio | 991 $9.0k | Added +87 |
| TCI Wealth Advisors, Inc. 0.00% of their portfolio | 886 $7.6k | Unchanged |
| IFP Advisors, Inc 0.00% of their portfolio | 554 $7.0k | Reduced -8.4k |
| Caldwell Trust Co 0.00% of their portfolio | 500 $4.3k | Unchanged |
| Syverson Strege & Co 0.00% of their portfolio | 300 $2.6k | Unchanged |
| MACROVIEW INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 250 $2.2k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 200 $2.0k | New |
| CWM, LLC 0.00% of their portfolio | 30 $0 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |