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 ($383.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $8.90.
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 82 |
| Q4 2022 | 80 |
| Q1 2023 | 80 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 39 | 33 |
| Q1 2023 | 29 | 39 |
Biggest buyers
| SIT INVESTMENT ASSOCIATES INC | Added | +480.6k |
| Saba Capital Management, L.P. | Added | +150.2k |
| Logan Stone Capital, LLC | Added | +104.7k |
| Transform Wealth, LLC | New | +69.6k |
| ROBINSON CAPITAL MANAGEMENT, LLC | Added | +69.2k |
| MORGAN STANLEY | Added | +67.6k |
| VAN ECK ASSOCIATES CORP | Added | +46.3k |
| Karpus Management, Inc. | Added | +45.5k |
| STIFEL FINANCIAL CORP | Added | +40.0k |
| AQR Arbitrage LLC | Added | +34.6k |
Biggest sellers
| 1607 Capital Partners, LLC | Reduced | -128.0k |
| GUGGENHEIM CAPITAL LLC | Reduced | -78.7k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Reduced | -54.9k |
| DEBUSSY CAPITAL MANAGEMENT LP | Reduced | -34.9k |
| Fiera Capital Corp | Reduced | -29.6k |
| Simplicity Solutions, LLC | Sold out | -26.5k |
| UBS Group AG | Reduced | -24.9k |
| U.S. Capital Wealth Advisors, LLC | Reduced | -24.0k |
| HighTower Advisors, LLC | Reduced | -20.1k |
| JANE STREET GROUP, LLC | Sold out | -18.7k |
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 in Q1 2023
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 |
|---|---|---|---|---|---|
| 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 | — |
| Q1 2023 | 0 | — | 0 | — | — |
None reported in Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| SIT INVESTMENT ASSOCIATES INC 0.99% of their portfolio | 4.1m $36.3m | Added +480.6k |
| Karpus Management, Inc. 0.73% of their portfolio | 2.6m $23.3m | Added +45.5k |
| 1607 Capital Partners, LLC 1.51% of their portfolio | 2.4m $21.5m | Reduced -128.0k |
| MORGAN STANLEY 0.00% of their portfolio | 1.9m $17.0m | Added +67.6k |
| Hennion & Walsh Asset Management, Inc. 0.43% of their portfolio | 792.2k $7.0m | Reduced -11.2k |
| Fiera Capital Corp 0.02% of their portfolio | 568.0k $5.1m | Reduced -29.6k |
| Saba Capital Management, L.P. 0.09% of their portfolio | 431.1k $3.8m | Added +150.2k |
| ROBINSON CAPITAL MANAGEMENT, LLC 1.69% of their portfolio | 415.6k $3.6m | Added +69.2k |
| Capital Investment Advisors, LLC 0.10% of their portfolio | 392.4k $3.5m | Added +15.9k |
| DEBUSSY CAPITAL MANAGEMENT LP 1.05% of their portfolio | 388.5k $3.5m | Reduced -34.9k |
| Logan Stone Capital, LLC 1.14% of their portfolio | 323.9k $2.9m | Added +104.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 304.1k $2.7m | Reduced -5.8k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 295.1k $2.6m | Added +46.3k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 276.1k $2.5m | Reduced -78.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 211.5k $1.9m | Added +521 |
| MacKay Shields LLC 0.04% of their portfolio | 179.4k $1.6m | Unchanged |
| MELFA WEALTH MANAGEMENT, INC. 1.33% of their portfolio | 150.1k $1.3m | Reduced -831 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 137.4k $1.2m | Reduced -13.0k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.09% of their portfolio | 129.9k $1.2m | Reduced -54.9k |
| UBS Group AG 0.00% of their portfolio | 129.6k $1.2m | Reduced -24.9k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 125.5k $1.1m | Reduced -315 |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 110.7k $985.7k | Added +25.0k |
| Delphi Financial Group, Inc. 0.46% of their portfolio | 104.5k $929.6k | Unchanged |
| PARK AVENUE SECURITIES LLC 0.02% of their portfolio | 101.8k $906.0k | Reduced -4.9k |
| Woodline Partners LP 0.01% of their portfolio | 95.9k $853.3k | Unchanged |
| Ategra Capital Management, LLC 0.47% of their portfolio | 93.8k $834.9k | Added +5.6k |
| RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio | 85.7k $762.9k | Reduced -637 |
| AQR Arbitrage LLC 0.02% of their portfolio | 80.7k $718.5k | Added +34.6k |
| LPL Financial LLC 0.00% of their portfolio | 80.6k $717.3k | Reduced -3.5k |
| U.S. Capital Wealth Advisors, LLC 0.03% of their portfolio | 77.7k $691.4k | Reduced -24.0k |
| Transform Wealth, LLC 0.06% of their portfolio | 69.6k $619.4k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 59.0k $524.7k | Reduced -3.9k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 52.8k $470.0k | Added +40.0k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 51.5k $458.0k | Unchanged |
| HighTower Advisors, LLC 0.00% of their portfolio | 49.8k $437.0k | Reduced -20.1k |
| Dakota Wealth Management 0.03% of their portfolio | 47.3k $421.0k | Added +11.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 46.4k $414.0k | Added +1.0k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 40.5k $360.6k | Added +802 |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 39.6k $402.2k | Reduced -2.5k |
| Summit Financial Wealth Advisors, LLC 0.08% of their portfolio | 36.0k $320.7k | Unchanged |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 35.9k $319.0k | Added +4.8k |
| Equitable Holdings, Inc. 0.00% of their portfolio | 26.7k $237.6k | New |
| Choate Investment Advisors 0.01% of their portfolio | 26.2k $233.2k | Unchanged |
| Camelot Portfolios, LLC 0.16% of their portfolio | 25.3k $224.8k | Added +1.8k |
| Basepoint Wealth LLC 0.18% of their portfolio | 23.9k $213.1k | Added +175 |
| Cetera Investment Advisers 0.00% of their portfolio | 23.4k $208.1k | Reduced -1.5k |
| Cetera Advisor Networks LLC 0.00% of their portfolio | 20.9k $186.1k | Reduced -3.4k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 19.1k $170.0k | Reduced -1.0k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 18.9k $169.0k | Reduced -1.9k |
| Mariner, LLC 0.00% of their portfolio | 16.2k $144.0k | Added +2.1k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.02% of their portfolio | 15.5k $137.6k | Reduced -3.8k |
| Laird Norton Wetherby Wealth Management, LLC 0.01% of their portfolio | 13.3k $118.8k | Reduced -80 |
| Ironsides Asset Advisors, LLC 0.05% of their portfolio | 12.8k $114.3k | Added +156 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 12.3k $109.6k | Reduced -5.7k |
| CFM WEALTH PARTNERS LLC 0.03% of their portfolio | 12.2k $108.6k | New |
| Almitas Capital LLC 0.05% of their portfolio | 10.7k $95.3k | New |
| INTEGRATED CAPITAL MANAGEMENT, INC. 0.13% of their portfolio | 10.4k $148.1k | Reduced -6.5k |
| Wellspring Financial Advisors, LLC 0.03% of their portfolio | 10.2k $90.8k | Unchanged |
| Worth Asset Management, LLC 0.02% of their portfolio | 3.5k $31.3k | Reduced -4.9k |
| UMB Bank, n.a. 0.00% of their portfolio | 3.0k $26.6k | Reduced -5 |
| CWM, LLC 0.00% of their portfolio | 2.5k $22.0k | Added +2.5k |
| BELLEVUE ASSET MANAGEMENT, LLC 0.01% of their portfolio | 1.8k $16.0k | Unchanged |
| CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.00% of their portfolio | 1.5k $13.7k | Unchanged |
| Park Place Capital Corp 0.00% of their portfolio | 1.5k $13.1k | Unchanged |
| Gradient Investments LLC 0.00% of their portfolio | 1.3k $11.6k | Unchanged |
| Plante Moran Financial Advisors, LLC 0.00% of their portfolio | 1.0k $8.9k | Unchanged |
| Cape Investment Advisory, Inc. 0.01% of their portfolio | 946 $8.4k | First filing |
| TCI Wealth Advisors, Inc. 0.00% of their portfolio | 886 $7.9k | Unchanged |
| Householder Group Estate & Retirement Specialist, LLC 0.00% of their portfolio | 667 $6.0k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 588 $5.0k | New |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 528 $4.7k | Reduced -1.4k |
| BESSEMER GROUP INC 0.00% of their portfolio | 515 $5.0k | Reduced -476 |
| Pathway Financial Advisers, LLC 0.00% of their portfolio | 506 $4.5k | Reduced -767 |
| Caldwell Trust Co 0.00% of their portfolio | 500 $4.5k | Unchanged |
| Syverson Strege & Co 0.00% of their portfolio | 300 $2.7k | Unchanged |
| BDO Wealth Advisors, LLC 0.00% of their portfolio | 274 $2.4k | New |
| MACROVIEW INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 250 $2.2k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 200 $1.8k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 124 $1.1k | Reduced -14.2k |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |