Vault-13

DWS MUN INCOME TR KTF

COM · Closed-End Fund · CUSIP 233368109

80 institutional holders -2 vs Q3 2022
17,257,86817.3m shares reported held*
$148.8mreported value*
10 new 29 added 20 reduced 13 sold out net bought ≈ $10.4m (+1.2m 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 ($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

050100Q3 22: 82Q4 22: 8080Q3 22Q4 22
Numbers
QuarterHolders
Q3 202282
Q4 202280

Biggest buyers

Karpus Management, Inc. Added +342,447+342.4k
Fiera Capital Corp Added +338,184+338.2k
Hennion & Walsh Asset Management, Inc. Added +316,004+316.0k
Saba Capital Management, L.P. New +280,912+280.9k
Logan Stone Capital, LLC Added +190,242+190.2k
SIT INVESTMENT ASSOCIATES INC Added +137,104+137.1k
Woodline Partners LP New +95,876+95.9k
ROBINSON CAPITAL MANAGEMENT, LLC Added +94,835+94.8k
Capital Investment Advisors, LLC Added +54,397+54.4k
HighTower Advisors, LLC Added +52,010+52.0k

Biggest sellers

Wakefield Asset Management LLLP Sold out -177,552-177.6k
GUGGENHEIM CAPITAL LLC Reduced -155,324-155.3k
Advisors Asset Management, Inc. Sold out -109,388-109.4k
Bulldog Investors, LLP Sold out -84,800-84.8k
MARINER INVESTMENT GROUP LLC Sold out -57,492-57.5k
MORGAN STANLEY Reduced -45,492-45.5k
UBS Group AG Reduced -41,836-41.8k
LPL Financial LLC Reduced -38,267-38.3k
LINCOLN NATIONAL CORP Sold out -34,541-34.5k
ENVESTNET ASSET MANAGEMENT INC Reduced -31,201-31.2k

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.

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 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)

BuyingSelling
101Q1 21: 0 buyingQ1 21: 0 sellingQ2 21: 0 buyingQ2 21: 0 sellingQ2 21Q3 21: 0 buyingQ3 21: 0 sellingQ4 21: 0 buyingQ4 21: 0 sellingQ4 21Q1 22: 0 buyingQ1 22: 0 sellingQ2 22: 0 buyingQ2 22: 0 sellingQ2 22Q3 22: 0 buyingQ3 22: 0 sellingQ4 22: 0 buyingQ4 22: 1 sellingQ4 22
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20210—0——
Q2 20210—0——
Q3 20210—0——
Q4 20210—0——
Q1 20220—0——
Q2 20220—0——
Q3 20220—0——
Q4 20220—1$5.2k—
DateInsiderTradeSharesPrice ValueTheir holding
2022-12-21 HERRING RICHARD J Director Sold 600 $8.75 $5.2k600 shares -100%

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SIT INVESTMENT ASSOCIATES INC 0.87% of their portfolio Minneapolis, MN 3,600,6723.6m $31.0m $31.0m 0.87% Added +137.1k +137,104
2 Karpus Management, Inc. 0.75% of their portfolio Pittsford, NY 2,573,4292.6m $22.2m $22.2m 0.75% Added +342.4k +342,447
3 1607 Capital Partners, LLC 1.50% of their portfolio Richmond, VA 2,541,2222.5m $21.9m $21.9m 1.50% Reduced -14.5k -14,500
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,841,7941.8m $15.9m $15.9m 0.00% Reduced -45.5k -45,492
5 Hennion & Walsh Asset Management, Inc. 0.43% of their portfolio Parsippany, NJ 803,355803.4k $6.9m $6.9m 0.43% Added +316.0k +316,004
6 Fiera Capital Corp 0.02% of their portfolio MONTREAL, A8 597,608597.6k $5.1m $5.1m 0.02% Added +338.2k +338,184
7 DEBUSSY CAPITAL MANAGEMENT LP 0.93% of their portfolio CHICAGO, IL 423,437423.4k $3.8m $3.8m 0.93% Added +28.4k +28,353
8 Capital Investment Advisors, LLC 0.10% of their portfolio ATLANTA, GA 376,425376.4k $3.2m $3.2m 0.10% Added +54.4k +54,397
9 GUGGENHEIM CAPITAL LLC 0.03% of their portfolio CHICAGO, IL 354,764354.8k $3.1m $3.1m 0.03% Reduced -155.3k -155,324
10 ROBINSON CAPITAL MANAGEMENT, LLC 1.55% of their portfolio GROSSE POINTE FARMS, MI 346,412346.4k $3.0m $3.0m 1.55% Added +94.8k +94,835
11 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 309,940309.9k $2.7m $2.7m 0.00% Reduced -1.7k -1,731
12 Saba Capital Management, L.P. 0.04% of their portfolio NEW YORK, NY 280,912280.9k $2.4m $2.4m 0.04% New
13 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 248,777248.8k $2.1m $2.1m 0.01% Added +38.6k +38,583
14 Logan Stone Capital, LLC 0.71% of their portfolio CHICAGO, IL 219,239219.2k $1.9m $1.9m 0.71% Added +190.2k +190,242
15 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 211,006211.0k $1.8m $1.8m 0.00% Added +8.8k +8,785
16 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.13% of their portfolio London, X0 184,863184.9k $1.6m $1.6m 0.13% Unchanged
17 MacKay Shields LLC 0.04% of their portfolio New York, NY 179,378179.4k $1.5m $1.5m 0.04% Unchanged
18 UBS Group AG 0.00% of their portfolio ZURICH, V8 154,474154.5k $1.3m $1.3m 0.00% Reduced -41.8k -41,836
19 MELFA WEALTH MANAGEMENT, INC. 1.36% of their portfolio WESTBOROUGH, MA 150,890150.9k $1.3m $1.3m 1.36% First filing
20 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 150,352150.4k $1.3m $1.3m 0.00% Reduced -31.2k -31,201
21 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 125,815125.8k $1.1m $1.1m 0.00% Added +45.3k +45,315
22 PARK AVENUE SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 106,734106.7k $919.0k $919.0k 0.02% Added +1.3k +1,255
23 Delphi Financial Group, Inc. 0.45% of their portfolio Wilmington, DE 104,452104.5k $899.3k $899.3k 0.45% Unchanged
24 U.S. Capital Wealth Advisors, LLC 0.04% of their portfolio AUSTIN, TX 101,729101.7k $875.9k $875.9k 0.04% Added +11.4k +11,449
25 Woodline Partners LP 0.01% of their portfolio San Francisco, CA 95,87695.9k $825.5k $825.5k 0.01% New
26 Ategra Capital Management, LLC 0.40% of their portfolio VIENNA, VA 88,19688.2k $759.4k $759.4k 0.40% Reduced -3.1k -3,062
27 RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio MINNEAPOLIS, MN 86,35486.4k $744.0k $744.0k 0.01% Added +6.0k +6,003
28 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 85,74885.7k $738.3k $738.3k 0.00% Added +17.1k +17,149
29 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 84,08284.1k $723.9k $723.9k 0.00% Reduced -38.3k -38,267
30 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 69,85169.9k $594.0k $594.0k 0.00% Added +52.0k +52,010
31 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 62,82562.8k $541.0k $541.0k 0.00% Reduced -18.0k -18,030
32 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 51,46251.5k $443.0k $443.0k 0.00% Reduced -8.8k -8,800
33 AQR Arbitrage LLC 0.01% of their portfolio Greenwich, CT 46,09046.1k $396.8k $396.8k 0.01% New
34 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 45,40045.4k $391.0k $391.0k 0.00% Added +1.0k +1,000
35 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 42,10442.1k $415.1k $415.1k 0.00% Added +23.5k +23,541
36 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 39,71939.7k $342.0k $342.0k 0.00% Added +16.1k +16,103
37 Summit Financial Wealth Advisors, LLC 0.07% of their portfolio Lafayette, LA 36,03736.0k $310.3k $310.3k 0.07% Reduced -600 -600
38 Dakota Wealth Management 0.02% of their portfolio PALM BEACH GARDENS, FL 35,80535.8k $308.3k $308.3k 0.02% Reduced -25.1k -25,100
39 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 31,09231.1k $267.0k $267.0k 0.00% Added +4.9k +4,884
40 Simplicity Solutions, LLC 0.03% of their portfolio MINNEAPOLIS, MN 26,52126.5k $228.3k $228.3k 0.03% Added +95 +95
41 Choate Investment Advisors 0.01% of their portfolio BOSTON, MA 26,20026.2k $225.6k $225.6k 0.01% Unchanged
42 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 24,91524.9k $214.5k $214.5k 0.00% Added +9.9k +9,879
43 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 24,32424.3k $209.4k $209.4k 0.00% Reduced -28.2k -28,209
44 Basepoint Wealth LLC 0.18% of their portfolio CEDAR RAPIDS, IA 23,77423.8k $204.7k $204.7k 0.18% Added +188 +188
45 Camelot Portfolios, LLC 0.15% of their portfolio Maumee, OH 23,48423.5k $202.2k $202.2k 0.15% Reduced -13.4k -13,439
46 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 20,79720.8k $179.0k $179.0k 0.00% Reduced -1.1k -1,063
47 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 20,10020.1k $173.1k $173.1k 0.00% Added +1.3k +1,296
48 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.02% of their portfolio Englewood, NJ 19,23519.2k $165.6k $165.6k 0.02% Added +1.8k +1,807
49 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 18,73218.7k $161.3k $161.3k 0.00% New
50 Summit Trail Advisors, LLC 0.01% of their portfolio NEW YORK, NY 18,68718.7k $160.9k $160.9k 0.01% New
51 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 18,02218.0k $155.2k $155.2k 0.00% Reduced -2.9k -2,888
52 INTEGRATED CAPITAL MANAGEMENT, INC. 0.13% of their portfolio JESSUP, PA 16,95517.0k $146.0k $146.0k 0.13% Reduced -621 -621
53 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 14,27414.3k $122.9k $122.9k 0.00% Added +5.1k +5,061
54 Mariner, LLC 0.00% of their portfolio Overland Park, KS 14,07714.1k $121.0k $121.0k 0.00% Reduced -18.4k -18,360
55 Laird Norton Wetherby Wealth Management, LLC 0.01% of their portfolio Seattle, WA 13,42313.4k $115.6k $115.6k 0.01% New
56 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 12,81012.8k $110.3k $110.3k 0.00% Reduced -500 -500
57 Ironsides Asset Advisors, LLC 0.05% of their portfolio ROCKY MOUNT, NC 12,68712.7k $109.0k $109.0k 0.05% Added +890 +890
58 Wellspring Financial Advisors, LLC 0.03% of their portfolio CLEVELAND, OH 10,20010.2k $87.8k $87.8k 0.03% Unchanged
59 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 10,02810.0k $86.3k $86.3k 0.00% Unchanged
60 Worth Asset Management, LLC 0.05% of their portfolio DALLAS, TX 8,3808.4k $72.2k $72.2k 0.05% Unchanged
61 MONTAG A & ASSOCIATES INC 0.00% of their portfolio ATLANTA, GA 3,0003.0k $25.8k $25.8k 0.00% Unchanged
62 UMB Bank, n.a. 0.00% of their portfolio Kansas City, MO 2,9923.0k $26.0k $26.0k 0.00% Added +1.7k +1,652
63 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 2,5002.5k $21.5k $21.5k 0.00% New
64 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 1,8921.9k $16.3k $16.3k 0.00% Unchanged
65 BELLEVUE ASSET MANAGEMENT, LLC 0.01% of their portfolio BELLEVUE, WA 1,8001.8k $15.6k $15.6k 0.01% Unchanged
66 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.00% of their portfolio RICHMOND, VA 1,5361.5k $13.2k $13.2k 0.00% New
67 Park Place Capital Corp 0.00% of their portfolio Homewood, AL 1,4681.5k $13.0k $13.0k 0.00% First filing
68 Gradient Investments LLC 0.00% of their portfolio ARDEN HILLS, MN 1,3001.3k $11.2k $11.2k 0.00% Unchanged
69 Pathway Financial Advisers, LLC 0.00% of their portfolio AUBURN, IN 1,2731.3k $11.0k $11.0k 0.00% First filing
70 ROMANO BROTHERS AND COMPANY 0.00% of their portfolio EVANSTON, IL 1,0001.0k $8.6k $8.6k 0.00% New
71 Plante Moran Financial Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 1,0001.0k $8.6k $8.6k 0.00% Unchanged
72 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 991991 $9.0k $9.0k 0.00% Added +87 +87
73 TCI Wealth Advisors, Inc. 0.00% of their portfolio Tucson, AZ 886886 $7.6k $7.6k 0.00% Unchanged
74 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 554554 $7.0k $7.0k 0.00% Reduced -8.4k -8,428
75 Caldwell Trust Co 0.00% of their portfolio Venice, FL 500500 $4.3k $4.3k 0.00% Unchanged
76 Syverson Strege & Co 0.00% of their portfolio WEST DES MOINES, IA 300300 $2.6k $2.6k 0.00% Unchanged
77 MACROVIEW INVESTMENT MANAGEMENT LLC 0.00% of their portfolio BETHESDA, MD 250250 $2.2k $2.2k 0.00% Unchanged
78 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 200200 $2.0k $2.0k 0.00% New
79 CWM, LLC 0.00% of their portfolio OMAHA, NE 3030 $0 $0 0.00% Unchanged
80 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged