Vault-13

DWS MUN INCOME TR KTF

COM · Closed-End Fund · CUSIP 233368109

81 institutional holders +1 vs Q1 2023
19,067,62019.1m shares reported held*
$164.2mreported value*
9 new 25 added 24 reduced 7 sold out net bought ≈ $8.0m (+937.8k 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 ($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

050100Q3 22: 82Q4 22: 80Q1 23: 80Q2 23: 8181Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202282
Q4 202280
Q1 202380
Q2 202381

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 23Q2 23: 34 bought or addedQ2 23: 31 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20223933
Q1 20232939
Q2 20233431

Biggest buyers

Saba Capital Management, L.P. Added +456,537+456.5k
RIVERNORTH CAPITAL MANAGEMENT, LLC New +172,857+172.9k
Bulldog Investors, LLP New +100,877+100.9k
Fiera Capital Corp Added +84,081+84.1k
Bank of New York Mellon Corp New +65,335+65.3k
AQR Arbitrage LLC Added +52,803+52.8k
Woodline Partners LP Added +50,914+50.9k
Logan Stone Capital, LLC Added +44,873+44.9k
B. Riley Wealth Advisors, Inc. New +38,594+38.6k
Allspring Global Investments Holdings, LLC Added +37,000+37.0k

Biggest sellers

Karpus Management, Inc. Reduced -110,396-110.4k
MORGAN STANLEY Reduced -20,638-20.6k
Hennion & Walsh Asset Management, Inc. Reduced -15,672-15.7k
Capital Investment Advisors, LLC Reduced -14,206-14.2k
Almitas Capital LLC Sold out -10,708-10.7k
WELLS FARGO & COMPANY/MN Reduced -9,715-9.7k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -9,130-9.1k
Dakota Wealth Management Reduced -7,983-8.0k
RIVERBRIDGE PARTNERS LLC Reduced -6,757-6.8k
DEBUSSY CAPITAL MANAGEMENT LP Reduced -6,443-6.4k

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.

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 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)

BuyingSelling
101Q3 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 22Q1 23: 0 buyingQ1 23: 0 sellingQ2 23: 0 buyingQ2 23: 0 sellingQ2 23
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20210—0——
Q4 20210—0——
Q1 20220—0——
Q2 20220—0——
Q3 20220—0——
Q4 20220—1$5.2k—
Q1 20230—0——
Q2 20230—0——

None reported in Q2 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SIT INVESTMENT ASSOCIATES INC 0.92% of their portfolio Minneapolis, MN 4,110,2764.1m $35.4m $35.4m 0.92% Added +29.0k +28,959
2 Karpus Management, Inc. 0.68% of their portfolio Pittsford, NY 2,508,5432.5m $21.6m $21.6m 0.68% Reduced -110.4k -110,396
3 1607 Capital Partners, LLC 1.49% of their portfolio Richmond, VA 2,413,2452.4m $20.8m $20.8m 1.49% Unchanged
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,888,7511.9m $16.3m $16.3m 0.00% Reduced -20.6k -20,638
5 Saba Capital Management, L.P. 0.25% of their portfolio NEW YORK, NY 887,674887.7k $7.6m $7.6m 0.25% Added +456.5k +456,537
6 Hennion & Walsh Asset Management, Inc. 0.40% of their portfolio Parsippany, NJ 776,511776.5k $6.7m $6.7m 0.40% Reduced -15.7k -15,672
7 Fiera Capital Corp 0.02% of their portfolio MONTREAL, A8 652,062652.1k $5.6m $5.6m 0.02% Added +84.1k +84,081
8 ROBINSON CAPITAL MANAGEMENT, LLC 1.58% of their portfolio GROSSE POINTE FARMS, MI 413,081413.1k $3.6m $3.6m 1.58% Reduced -2.5k -2,500
9 DEBUSSY CAPITAL MANAGEMENT LP 1.01% of their portfolio CHICAGO, IL 382,103382.1k $3.3m $3.3m 1.01% Reduced -6.4k -6,443
10 Capital Investment Advisors, LLC 0.10% of their portfolio ATLANTA, GA 378,154378.2k $3.3m $3.3m 0.10% Reduced -14.2k -14,206
11 Logan Stone Capital, LLC 1.08% of their portfolio CHICAGO, IL 368,813368.8k $3.2m $3.2m 1.08% Added +44.9k +44,873
12 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 296,550296.6k $2.6m $2.6m 0.01% Added +1.5k +1,499
13 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 294,406294.4k $2.5m $2.5m 0.00% Reduced -9.7k -9,715
14 GUGGENHEIM CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 269,823269.8k $2.3m $2.3m 0.02% Reduced -6.2k -6,241
15 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 218,229218.2k $1.9m $1.9m 0.00% Added +6.7k +6,702
16 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 211,423211.4k $1.8m $1.8m 0.01% First filing
17 MacKay Shields LLC 0.04% of their portfolio New York, NY 176,016176.0k $1.5m $1.5m 0.04% Reduced -3.4k -3,362
18 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.07% of their portfolio WEST PALM BEACH, FL 172,857172.9k $1.5m $1.5m 0.07% New
19 MELFA WEALTH MANAGEMENT, INC. 1.31% of their portfolio WESTBOROUGH, MA 150,119150.1k $1.3m $1.3m 1.31% Added +60 +60
20 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 147,748147.7k $1.3m $1.3m 0.00% Added +37.0k +37,000
21 Woodline Partners LP 0.02% of their portfolio San Francisco, CA 146,790146.8k $1.3m $1.3m 0.02% Added +50.9k +50,914
22 AQR Arbitrage LLC 0.05% of their portfolio Greenwich, CT 133,538133.5k $1.1m $1.1m 0.05% Added +52.8k +52,803
23 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 131,894131.9k $1.1m $1.1m 0.00% Reduced -5.5k -5,504
24 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.09% of their portfolio London, X0 129,929129.9k $1.1m $1.1m 0.09% Unchanged
25 UBS Group AG 0.00% of their portfolio ZURICH, V8 127,969128.0k $1.1m $1.1m 0.00% Reduced -1.6k -1,616
26 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 125,500125.5k $1.1m $1.1m 0.00% Unchanged
27 Delphi Financial Group, Inc. 0.46% of their portfolio Wilmington, DE 104,452104.5k $899.3k $899.3k 0.46% Unchanged
28 Bulldog Investors, LLP 0.29% of their portfolio SADDLE BROOK, NJ 100,877100.9k $868.6k $868.6k 0.29% New
29 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 97,93697.9k $843.0k $843.0k 0.01% Reduced -3.9k -3,871
30 Ategra Capital Management, LLC 0.44% of their portfolio VIENNA, VA 93,80793.8k $807.7k $807.7k 0.44% Unchanged
31 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 86,54486.5k $745.1k $745.1k 0.00% Added +6.0k +5,951
32 RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio MINNEAPOLIS, MN 78,96079.0k $679.8k $679.8k 0.01% Reduced -6.8k -6,757
33 U.S. Capital Wealth Advisors, LLC 0.03% of their portfolio AUSTIN, TX 77,68577.7k $668.9k $668.9k 0.03% Unchanged
34 Transform Wealth, LLC 0.05% of their portfolio GREENWOOD VILLAGE, CO 69,60069.6k $599.3k $599.3k 0.05% Unchanged
35 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 65,33565.3k $562.5k $562.5k 0.00% New
36 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 54,99955.0k $473.5k $473.5k 0.00% Reduced -4.0k -3,959
37 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 52,99353.0k $456.3k $456.3k 0.00% Added +12.5k +12,472
38 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 52,01052.0k $447.8k $447.8k 0.00% Reduced -800 -800
39 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 51,46251.5k $443.1k $443.1k 0.00% Unchanged
40 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 45,08645.1k $383.0k $383.0k 0.00% Reduced -4.7k -4,708
41 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 42,50042.5k $366.0k $366.0k 0.00% Reduced -3.9k -3,947
42 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 40,85240.9k $416.7k $416.7k 0.00% Added +1.3k +1,265
43 Dakota Wealth Management 0.02% of their portfolio PALM BEACH GARDENS, FL 39,32239.3k $338.6k $338.6k 0.02% Reduced -8.0k -7,983
44 B. Riley Wealth Advisors, Inc. 0.01% of their portfolio MEMPHIS, TN 38,59438.6k $332.3k $332.3k 0.01% New
45 Summit Financial Wealth Advisors, LLC 0.07% of their portfolio Lafayette, LA 36,53736.5k $314.6k $314.6k 0.07% Added +500 +500
46 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 26,93926.9k $231.9k $231.9k 0.00% Added +246 +246
47 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 26,77226.8k $231.0k $231.0k 0.00% Reduced -9.1k -9,130
48 Choate Investment Advisors 0.01% of their portfolio BOSTON, MA 26,20026.2k $225.6k $225.6k 0.01% Unchanged
49 Basepoint Wealth LLC 0.17% of their portfolio CEDAR RAPIDS, IA 23,85323.9k $205.4k $205.4k 0.17% Reduced -96 -96
50 Camelot Portfolios, LLC 0.13% of their portfolio Maumee, OH 23,50723.5k $202.4k $202.4k 0.13% Reduced -1.8k -1,755
51 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 19,20519.2k $165.4k $165.4k 0.00% Reduced -1.7k -1,706
52 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 19,10019.1k $164.5k $164.5k 0.00% Unchanged
53 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 19,08119.1k $164.0k $164.0k 0.00% Added +139 +139
54 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 18,88018.9k $162.6k $162.6k 0.00% Reduced -4.5k -4,507
55 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.02% of their portfolio Englewood, NJ 18,06018.1k $155.5k $155.5k 0.02% Added +2.6k +2,596
56 INTEGRATED CAPITAL MANAGEMENT, INC. 0.13% of their portfolio JESSUP, PA 17,45717.5k $150.3k $150.3k 0.13% Added +7.0k +7,010
57 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 15,45415.5k $133.1k $133.1k 0.00% Added +3.1k +3,135
58 Ironsides Asset Advisors, LLC 0.06% of their portfolio ROCKY MOUNT, NC 15,06415.1k $129.5k $129.5k 0.06% Added +2.2k +2,221
59 Laird Norton Wetherby Wealth Management, LLC 0.01% of their portfolio Seattle, WA 14,00714.0k $120.6k $120.6k 0.01% Added +664 +664
60 Summit Trail Advisors, LLC 0.00% of their portfolio NEW YORK, NY 13,17813.2k $113.5k $113.5k 0.00% New
61 CFM WEALTH PARTNERS LLC 0.03% of their portfolio AUSTIN, TX 12,19712.2k $105.0k $105.0k 0.03% Unchanged
62 Mariner, LLC 0.00% of their portfolio Overland Park, KS 12,11112.1k $104.3k $104.3k 0.00% Reduced -4.1k -4,075
63 Fort Point Capital Partners LLC 0.02% of their portfolio San Francisco, CA 11,70811.7k $100.8k $100.8k 0.02% New
64 Wellspring Financial Advisors, LLC 0.02% of their portfolio CLEVELAND, OH 10,20010.2k $87.8k $87.8k 0.02% Unchanged
65 UMB Bank, n.a. 0.00% of their portfolio Kansas City, MO 2,9873.0k $25.7k $25.7k 0.00% Unchanged
66 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 2,6972.7k $23.2k $23.2k 0.00% Added +2.6k +2,573
67 CWM, LLC 0.00% of their portfolio OMAHA, NE 2,5492.5k $22.0k $22.0k 0.00% Added +49 +49
68 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.00% of their portfolio RICHMOND, VA 1,5361.5k $13.2k $13.2k 0.00% Unchanged
69 Park Place Capital Corp 0.00% of their portfolio Homewood, AL 1,4681.5k $12.6k $12.6k 0.00% Unchanged
70 Gradient Investments LLC 0.00% of their portfolio ARDEN HILLS, MN 1,3001.3k $11.2k $11.2k 0.00% Unchanged
71 Plante Moran Financial Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 1,0001.0k $8.6k $8.6k 0.00% Unchanged
72 Cape Investment Advisory, Inc. 0.00% of their portfolio MCDONOUGH, GA 976976 $8.4k $8.4k 0.00% Added +30 +30
73 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 528528 $4.5k $4.5k 0.00% Unchanged
74 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 528528 $5.0k $5.0k 0.00% Added +13 +13
75 Caldwell Trust Co 0.00% of their portfolio Venice, FL 500500 $4.3k $4.3k 0.00% Unchanged
76 Missouri Trust & Investment Co 0.00% of their portfolio SPRINGFIELD, MO 439439 $3.8k $3.8k 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 $1.7k $1.7k 0.00% Unchanged
79 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 200200 $2.0k $2.0k 0.00% New
80 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged
81 Stonebridge Capital Advisors LLC 0.00% of their portfolio ST PAUL, MN 00 $0 $0 0.00% New