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 ($293.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $8.61.
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 82 |
| Q4 2022 | 80 |
| Q1 2023 | 80 |
| Q2 2023 | 81 |
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 |
| Q2 2023 | 34 | 31 |
Biggest buyers
| Saba Capital Management, L.P. | Added | +456.5k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | New | +172.9k |
| Bulldog Investors, LLP | New | +100.9k |
| Fiera Capital Corp | Added | +84.1k |
| Bank of New York Mellon Corp | New | +65.3k |
| AQR Arbitrage LLC | Added | +52.8k |
| Woodline Partners LP | Added | +50.9k |
| Logan Stone Capital, LLC | Added | +44.9k |
| B. Riley Wealth Advisors, Inc. | New | +38.6k |
| Allspring Global Investments Holdings, LLC | Added | +37.0k |
Biggest sellers
| Karpus Management, Inc. | Reduced | -110.4k |
| MORGAN STANLEY | Reduced | -20.6k |
| Hennion & Walsh Asset Management, Inc. | Reduced | -15.7k |
| Capital Investment Advisors, LLC | Reduced | -14.2k |
| Almitas Capital LLC | Sold out | -10.7k |
| WELLS FARGO & COMPANY/MN | Reduced | -9.7k |
| COMMONWEALTH EQUITY SERVICES, LLC | Reduced | -9.1k |
| Dakota Wealth Management | Reduced | -8.0k |
| RIVERBRIDGE PARTNERS LLC | Reduced | -6.8k |
| DEBUSSY CAPITAL MANAGEMENT LP | Reduced | -6.4k |
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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| SIT INVESTMENT ASSOCIATES INC 0.92% of their portfolio | 4.1m $35.4m | Added +29.0k |
| Karpus Management, Inc. 0.68% of their portfolio | 2.5m $21.6m | Reduced -110.4k |
| 1607 Capital Partners, LLC 1.49% of their portfolio | 2.4m $20.8m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 1.9m $16.3m | Reduced -20.6k |
| Saba Capital Management, L.P. 0.25% of their portfolio | 887.7k $7.6m | Added +456.5k |
| Hennion & Walsh Asset Management, Inc. 0.40% of their portfolio | 776.5k $6.7m | Reduced -15.7k |
| Fiera Capital Corp 0.02% of their portfolio | 652.1k $5.6m | Added +84.1k |
| ROBINSON CAPITAL MANAGEMENT, LLC 1.58% of their portfolio | 413.1k $3.6m | Reduced -2.5k |
| DEBUSSY CAPITAL MANAGEMENT LP 1.01% of their portfolio | 382.1k $3.3m | Reduced -6.4k |
| Capital Investment Advisors, LLC 0.10% of their portfolio | 378.2k $3.3m | Reduced -14.2k |
| Logan Stone Capital, LLC 1.08% of their portfolio | 368.8k $3.2m | Added +44.9k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 296.6k $2.6m | Added +1.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 294.4k $2.5m | Reduced -9.7k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 269.8k $2.3m | Reduced -6.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 218.2k $1.9m | Added +6.7k |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 211.4k $1.8m | First filing |
| MacKay Shields LLC 0.04% of their portfolio | 176.0k $1.5m | Reduced -3.4k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 172.9k $1.5m | New |
| MELFA WEALTH MANAGEMENT, INC. 1.31% of their portfolio | 150.1k $1.3m | Added +60 |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 147.7k $1.3m | Added +37.0k |
| Woodline Partners LP 0.02% of their portfolio | 146.8k $1.3m | Added +50.9k |
| AQR Arbitrage LLC 0.05% of their portfolio | 133.5k $1.1m | Added +52.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 131.9k $1.1m | Reduced -5.5k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.09% of their portfolio | 129.9k $1.1m | Unchanged |
| UBS Group AG 0.00% of their portfolio | 128.0k $1.1m | Reduced -1.6k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 125.5k $1.1m | Unchanged |
| Delphi Financial Group, Inc. 0.46% of their portfolio | 104.5k $899.3k | Unchanged |
| Bulldog Investors, LLP 0.29% of their portfolio | 100.9k $868.6k | New |
| PARK AVENUE SECURITIES LLC 0.01% of their portfolio | 97.9k $843.0k | Reduced -3.9k |
| Ategra Capital Management, LLC 0.44% of their portfolio | 93.8k $807.7k | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 86.5k $745.1k | Added +6.0k |
| RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio | 79.0k $679.8k | Reduced -6.8k |
| U.S. Capital Wealth Advisors, LLC 0.03% of their portfolio | 77.7k $668.9k | Unchanged |
| Transform Wealth, LLC 0.05% of their portfolio | 69.6k $599.3k | Unchanged |
| Bank of New York Mellon Corp 0.00% of their portfolio | 65.3k $562.5k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 55.0k $473.5k | Reduced -4.0k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 53.0k $456.3k | Added +12.5k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 52.0k $447.8k | Reduced -800 |
| Baird Financial Group, Inc. 0.00% of their portfolio | 51.5k $443.1k | Unchanged |
| HighTower Advisors, LLC 0.00% of their portfolio | 45.1k $383.0k | Reduced -4.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 42.5k $366.0k | Reduced -3.9k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 40.9k $416.7k | Added +1.3k |
| Dakota Wealth Management 0.02% of their portfolio | 39.3k $338.6k | Reduced -8.0k |
| B. Riley Wealth Advisors, Inc. 0.01% of their portfolio | 38.6k $332.3k | New |
| Summit Financial Wealth Advisors, LLC 0.07% of their portfolio | 36.5k $314.6k | Added +500 |
| Equitable Holdings, Inc. 0.00% of their portfolio | 26.9k $231.9k | Added +246 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 26.8k $231.0k | Reduced -9.1k |
| Choate Investment Advisors 0.01% of their portfolio | 26.2k $225.6k | Unchanged |
| Basepoint Wealth LLC 0.17% of their portfolio | 23.9k $205.4k | Reduced -96 |
| Camelot Portfolios, LLC 0.13% of their portfolio | 23.5k $202.4k | Reduced -1.8k |
| Cetera Advisor Networks LLC 0.00% of their portfolio | 19.2k $165.4k | Reduced -1.7k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 19.1k $164.5k | Unchanged |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 19.1k $164.0k | Added +139 |
| Cetera Investment Advisers 0.00% of their portfolio | 18.9k $162.6k | Reduced -4.5k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.02% of their portfolio | 18.1k $155.5k | Added +2.6k |
| INTEGRATED CAPITAL MANAGEMENT, INC. 0.13% of their portfolio | 17.5k $150.3k | Added +7.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 15.5k $133.1k | Added +3.1k |
| Ironsides Asset Advisors, LLC 0.06% of their portfolio | 15.1k $129.5k | Added +2.2k |
| Laird Norton Wetherby Wealth Management, LLC 0.01% of their portfolio | 14.0k $120.6k | Added +664 |
| Summit Trail Advisors, LLC 0.00% of their portfolio | 13.2k $113.5k | New |
| CFM WEALTH PARTNERS LLC 0.03% of their portfolio | 12.2k $105.0k | Unchanged |
| Mariner, LLC 0.00% of their portfolio | 12.1k $104.3k | Reduced -4.1k |
| Fort Point Capital Partners LLC 0.02% of their portfolio | 11.7k $100.8k | New |
| Wellspring Financial Advisors, LLC 0.02% of their portfolio | 10.2k $87.8k | Unchanged |
| UMB Bank, n.a. 0.00% of their portfolio | 3.0k $25.7k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 2.7k $23.2k | Added +2.6k |
| CWM, LLC 0.00% of their portfolio | 2.5k $22.0k | Added +49 |
| CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.00% of their portfolio | 1.5k $13.2k | Unchanged |
| Park Place Capital Corp 0.00% of their portfolio | 1.5k $12.6k | Unchanged |
| Gradient Investments LLC 0.00% of their portfolio | 1.3k $11.2k | Unchanged |
| Plante Moran Financial Advisors, LLC 0.00% of their portfolio | 1.0k $8.6k | Unchanged |
| Cape Investment Advisory, Inc. 0.00% of their portfolio | 976 $8.4k | Added +30 |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 528 $4.5k | Unchanged |
| BESSEMER GROUP INC 0.00% of their portfolio | 528 $5.0k | Added +13 |
| Caldwell Trust Co 0.00% of their portfolio | 500 $4.3k | Unchanged |
| Missouri Trust & Investment Co 0.00% of their portfolio | 439 $3.8k | New |
| MACROVIEW INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 250 $2.2k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 200 $1.7k | Unchanged |
| IFP Advisors, Inc 0.00% of their portfolio | 200 $2.0k | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |
| Stonebridge Capital Advisors LLC 0.00% of their portfolio | 0 $0 | New |