Vault-13

DWS MUN INCOME TR KTF

COM · Closed-End Fund · CUSIP 233368109

80 institutional holders +0 vs Q4 2022
17,910,57217.9m shares reported held*
$159.4mreported value*
7 new 22 added 32 reduced 7 sold out net bought ≈ $6.0m (+665.8k 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 ($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

050100Q3 22: 82Q4 22: 80Q1 23: 8080Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202282
Q4 202280
Q1 202380

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 39 bought or addedQ4 22: 33 cut or sold outQ4 22Q1 23: 29 bought or addedQ1 23: 39 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20223933
Q1 20232939

Biggest buyers

SIT INVESTMENT ASSOCIATES INC Added +480,645+480.6k
Saba Capital Management, L.P. Added +150,225+150.2k
Logan Stone Capital, LLC Added +104,701+104.7k
Transform Wealth, LLC New +69,600+69.6k
ROBINSON CAPITAL MANAGEMENT, LLC Added +69,169+69.2k
MORGAN STANLEY Added +67,595+67.6k
VAN ECK ASSOCIATES CORP Added +46,274+46.3k
Karpus Management, Inc. Added +45,510+45.5k
STIFEL FINANCIAL CORP Added +40,000+40.0k
AQR Arbitrage LLC Added +34,645+34.6k

Biggest sellers

1607 Capital Partners, LLC Reduced -127,977-128.0k
GUGGENHEIM CAPITAL LLC Reduced -78,700-78.7k
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Reduced -54,934-54.9k
DEBUSSY CAPITAL MANAGEMENT LP Reduced -34,891-34.9k
Fiera Capital Corp Reduced -29,627-29.6k
Simplicity Solutions, LLC Sold out -26,521-26.5k
UBS Group AG Reduced -24,889-24.9k
U.S. Capital Wealth Advisors, LLC Reduced -24,044-24.0k
HighTower Advisors, LLC Reduced -20,057-20.1k
JANE STREET GROUP, LLC Sold out -18,732-18.7k

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.

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 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)

BuyingSelling
101Q2 21: 0 buyingQ2 21: 0 sellingQ3 21: 0 buyingQ3 21: 0 sellingQ3 21Q4 21: 0 buyingQ4 21: 0 sellingQ1 22: 0 buyingQ1 22: 0 sellingQ1 22Q2 22: 0 buyingQ2 22: 0 sellingQ3 22: 0 buyingQ3 22: 0 sellingQ3 22Q4 22: 0 buyingQ4 22: 1 sellingQ1 23: 0 buyingQ1 23: 0 sellingQ1 23
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20210—0——
Q3 20210—0——
Q4 20210—0——
Q1 20220—0——
Q2 20220—0——
Q3 20220—0——
Q4 20220—1$5.2k—
Q1 20230—0——

None reported in Q1 2023.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SIT INVESTMENT ASSOCIATES INC 0.99% of their portfolio Minneapolis, MN 4,081,3174.1m $36.3m $36.3m 0.99% Added +480.6k +480,645
2 Karpus Management, Inc. 0.73% of their portfolio Pittsford, NY 2,618,9392.6m $23.3m $23.3m 0.73% Added +45.5k +45,510
3 1607 Capital Partners, LLC 1.51% of their portfolio Richmond, VA 2,413,2452.4m $21.5m $21.5m 1.51% Reduced -128.0k -127,977
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,909,3891.9m $17.0m $17.0m 0.00% Added +67.6k +67,595
5 Hennion & Walsh Asset Management, Inc. 0.43% of their portfolio Parsippany, NJ 792,183792.2k $7.0m $7.0m 0.43% Reduced -11.2k -11,172
6 Fiera Capital Corp 0.02% of their portfolio MONTREAL, A8 567,981568.0k $5.1m $5.1m 0.02% Reduced -29.6k -29,627
7 Saba Capital Management, L.P. 0.09% of their portfolio NEW YORK, NY 431,137431.1k $3.8m $3.8m 0.09% Added +150.2k +150,225
8 ROBINSON CAPITAL MANAGEMENT, LLC 1.69% of their portfolio GROSSE POINTE FARMS, MI 415,581415.6k $3.6m $3.6m 1.69% Added +69.2k +69,169
9 Capital Investment Advisors, LLC 0.10% of their portfolio ATLANTA, GA 392,360392.4k $3.5m $3.5m 0.10% Added +15.9k +15,935
10 DEBUSSY CAPITAL MANAGEMENT LP 1.05% of their portfolio CHICAGO, IL 388,546388.5k $3.5m $3.5m 1.05% Reduced -34.9k -34,891
11 Logan Stone Capital, LLC 1.14% of their portfolio CHICAGO, IL 323,940323.9k $2.9m $2.9m 1.14% Added +104.7k +104,701
12 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 304,121304.1k $2.7m $2.7m 0.00% Reduced -5.8k -5,819
13 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 295,051295.1k $2.6m $2.6m 0.01% Added +46.3k +46,274
14 GUGGENHEIM CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 276,064276.1k $2.5m $2.5m 0.02% Reduced -78.7k -78,700
15 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 211,527211.5k $1.9m $1.9m 0.00% Added +521 +521
16 MacKay Shields LLC 0.04% of their portfolio New York, NY 179,378179.4k $1.6m $1.6m 0.04% Unchanged
17 MELFA WEALTH MANAGEMENT, INC. 1.33% of their portfolio WESTBOROUGH, MA 150,059150.1k $1.3m $1.3m 1.33% Reduced -831 -831
18 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 137,398137.4k $1.2m $1.2m 0.00% Reduced -13.0k -12,954
19 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.09% of their portfolio London, X0 129,929129.9k $1.2m $1.2m 0.09% Reduced -54.9k -54,934
20 UBS Group AG 0.00% of their portfolio ZURICH, V8 129,585129.6k $1.2m $1.2m 0.00% Reduced -24.9k -24,889
21 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 125,500125.5k $1.1m $1.1m 0.00% Reduced -315 -315
22 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 110,748110.7k $985.7k $985.7k 0.00% Added +25.0k +25,000
23 Delphi Financial Group, Inc. 0.46% of their portfolio Wilmington, DE 104,452104.5k $929.6k $929.6k 0.46% Unchanged
24 PARK AVENUE SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 101,807101.8k $906.0k $906.0k 0.02% Reduced -4.9k -4,927
25 Woodline Partners LP 0.01% of their portfolio San Francisco, CA 95,87695.9k $853.3k $853.3k 0.01% Unchanged
26 Ategra Capital Management, LLC 0.47% of their portfolio VIENNA, VA 93,80793.8k $834.9k $834.9k 0.47% Added +5.6k +5,611
27 RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio MINNEAPOLIS, MN 85,71785.7k $762.9k $762.9k 0.01% Reduced -637 -637
28 AQR Arbitrage LLC 0.02% of their portfolio Greenwich, CT 80,73580.7k $718.5k $718.5k 0.02% Added +34.6k +34,645
29 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 80,59380.6k $717.3k $717.3k 0.00% Reduced -3.5k -3,489
30 U.S. Capital Wealth Advisors, LLC 0.03% of their portfolio AUSTIN, TX 77,68577.7k $691.4k $691.4k 0.03% Reduced -24.0k -24,044
31 Transform Wealth, LLC 0.06% of their portfolio GREENWOOD VILLAGE, CO 69,60069.6k $619.4k $619.4k 0.06% New
32 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 58,95859.0k $524.7k $524.7k 0.00% Reduced -3.9k -3,867
33 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 52,81052.8k $470.0k $470.0k 0.00% Added +40.0k +40,000
34 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 51,46251.5k $458.0k $458.0k 0.00% Unchanged
35 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 49,79449.8k $437.0k $437.0k 0.00% Reduced -20.1k -20,057
36 Dakota Wealth Management 0.03% of their portfolio PALM BEACH GARDENS, FL 47,30547.3k $421.0k $421.0k 0.03% Added +11.5k +11,500
37 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 46,44746.4k $414.0k $414.0k 0.00% Added +1.0k +1,047
38 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 40,52140.5k $360.6k $360.6k 0.00% Added +802 +802
39 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 39,58739.6k $402.2k $402.2k 0.00% Reduced -2.5k -2,517
40 Summit Financial Wealth Advisors, LLC 0.08% of their portfolio Lafayette, LA 36,03736.0k $320.7k $320.7k 0.08% Unchanged
41 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 35,90235.9k $319.0k $319.0k 0.00% Added +4.8k +4,810
42 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 26,69326.7k $237.6k $237.6k 0.00% New
43 Choate Investment Advisors 0.01% of their portfolio BOSTON, MA 26,20026.2k $233.2k $233.2k 0.01% Unchanged
44 Camelot Portfolios, LLC 0.16% of their portfolio Maumee, OH 25,26225.3k $224.8k $224.8k 0.16% Added +1.8k +1,778
45 Basepoint Wealth LLC 0.18% of their portfolio CEDAR RAPIDS, IA 23,94923.9k $213.1k $213.1k 0.18% Added +175 +175
46 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 23,38723.4k $208.1k $208.1k 0.00% Reduced -1.5k -1,528
47 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 20,91120.9k $186.1k $186.1k 0.00% Reduced -3.4k -3,413
48 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 19,10019.1k $170.0k $170.0k 0.00% Reduced -1.0k -1,000
49 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 18,94218.9k $169.0k $169.0k 0.00% Reduced -1.9k -1,855
50 Mariner, LLC 0.00% of their portfolio Overland Park, KS 16,18616.2k $144.0k $144.0k 0.00% Added +2.1k +2,109
51 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.02% of their portfolio Englewood, NJ 15,46415.5k $137.6k $137.6k 0.02% Reduced -3.8k -3,771
52 Laird Norton Wetherby Wealth Management, LLC 0.01% of their portfolio Seattle, WA 13,34313.3k $118.8k $118.8k 0.01% Reduced -80 -80
53 Ironsides Asset Advisors, LLC 0.05% of their portfolio ROCKY MOUNT, NC 12,84312.8k $114.3k $114.3k 0.05% Added +156 +156
54 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 12,31912.3k $109.6k $109.6k 0.00% Reduced -5.7k -5,703
55 CFM WEALTH PARTNERS LLC 0.03% of their portfolio AUSTIN, TX 12,19712.2k $108.6k $108.6k 0.03% New
56 Almitas Capital LLC 0.05% of their portfolio SANTA MONICA, CA 10,70810.7k $95.3k $95.3k 0.05% New
57 INTEGRATED CAPITAL MANAGEMENT, INC. 0.13% of their portfolio JESSUP, PA 10,44710.4k $148.1k $148.1k 0.13% Reduced -6.5k -6,508
58 Wellspring Financial Advisors, LLC 0.03% of their portfolio CLEVELAND, OH 10,20010.2k $90.8k $90.8k 0.03% Unchanged
59 Worth Asset Management, LLC 0.02% of their portfolio DALLAS, TX 3,5223.5k $31.3k $31.3k 0.02% Reduced -4.9k -4,858
60 UMB Bank, n.a. 0.00% of their portfolio Kansas City, MO 2,9873.0k $26.6k $26.6k 0.00% Reduced -5 -5
61 CWM, LLC 0.00% of their portfolio OMAHA, NE 2,5002.5k $22.0k $22.0k 0.00% Added +2.5k +2,470
62 BELLEVUE ASSET MANAGEMENT, LLC 0.01% of their portfolio BELLEVUE, WA 1,8001.8k $16.0k $16.0k 0.01% Unchanged
63 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.00% of their portfolio RICHMOND, VA 1,5361.5k $13.7k $13.7k 0.00% Unchanged
64 Park Place Capital Corp 0.00% of their portfolio Homewood, AL 1,4681.5k $13.1k $13.1k 0.00% Unchanged
65 Gradient Investments LLC 0.00% of their portfolio ARDEN HILLS, MN 1,3001.3k $11.6k $11.6k 0.00% Unchanged
66 Plante Moran Financial Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 1,0001.0k $8.9k $8.9k 0.00% Unchanged
67 Cape Investment Advisory, Inc. 0.01% of their portfolio MCDONOUGH, GA 946946 $8.4k $8.4k 0.01% First filing
68 TCI Wealth Advisors, Inc. 0.00% of their portfolio Tucson, AZ 886886 $7.9k $7.9k 0.00% Unchanged
69 Householder Group Estate & Retirement Specialist, LLC 0.00% of their portfolio SCOTTSDALE, AZ 667667 $6.0k $6.0k 0.00% New
70 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 588588 $5.0k $5.0k 0.00% New
71 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 528528 $4.7k $4.7k 0.00% Reduced -1.4k -1,364
72 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 515515 $5.0k $5.0k 0.00% Reduced -476 -476
73 Pathway Financial Advisers, LLC 0.00% of their portfolio AUBURN, IN 506506 $4.5k $4.5k 0.00% Reduced -767 -767
74 Caldwell Trust Co 0.00% of their portfolio Venice, FL 500500 $4.5k $4.5k 0.00% Unchanged
75 Syverson Strege & Co 0.00% of their portfolio WEST DES MOINES, IA 300300 $2.7k $2.7k 0.00% Unchanged
76 BDO Wealth Advisors, LLC 0.00% of their portfolio JACKSONVILLE, FL 274274 $2.4k $2.4k 0.00% New
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 $1.8k $1.8k 0.00% Unchanged
79 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 124124 $1.1k $1.1k 0.00% Reduced -14.2k -14,150
80 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged