Vault-13

DWS MUN INCOME TR KTF

COM · Closed-End Fund · CUSIP 233368109

78 institutional holders -1 vs Q4 2023
22,138,68222.1m shares reported held*
$200.1mreported value*
7 new 25 added 27 reduced 7 sold out net bought ≈ $4.1m (+459.2k 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. Holder counts are more reliable. Implied quarter-end price ≈ $9.04.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 82Q4 22: 80Q1 23: 80Q2 23: 81Q3 23: 87Q4 23: 79Q1 24: 7878Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202282
Q4 202280
Q1 202380
Q2 202381
Q3 202387
Q4 202379
Q1 202478

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 23Q3 23: 37 bought or addedQ3 23: 35 cut or sold outQ3 23Q4 23: 36 bought or addedQ4 23: 37 cut or sold outQ4 23Q1 24: 32 bought or addedQ1 24: 34 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20223933
Q1 20232939
Q2 20233431
Q3 20233735
Q4 20233637
Q1 20243234

Biggest buyers

SIT INVESTMENT ASSOCIATES INC Added +396,557+396.6k
ROBINSON CAPITAL MANAGEMENT, LLC New +318,500+318.5k
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Added +267,336+267.3k
MORGAN STANLEY Added +255,984+256.0k
Saba Capital Management, L.P. Added +135,429+135.4k
Bulldog Investors, LLP Added +94,191+94.2k
COHEN & STEERS, INC. Added +60,000+60.0k
RIVERNORTH CAPITAL MANAGEMENT, LLC Added +45,936+45.9k
BANK OF AMERICA CORP /DE/ Added +39,150+39.1k
NOMURA HOLDINGS INC New +29,879+29.9k

Biggest sellers

1607 Capital Partners, LLC Reduced -843,505-843.5k
Hennion & Walsh Asset Management, Inc. Reduced -123,446-123.4k
CAPTRUST FINANCIAL ADVISORS Sold out -45,964-46.0k
AQR Arbitrage LLC Reduced -44,458-44.5k
Rockefeller Capital Management L.P. Reduced -35,646-35.6k
Transform Wealth, LLC Sold out -34,800-34.8k
HighTower Advisors, LLC Reduced -31,325-31.3k
WELLS FARGO & COMPANY/MN Reduced -26,016-26.0k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Reduced -24,007-24.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -21,978-22.0k

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 2024

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 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 23Q2 23: 0 buyingQ2 23: 0 sellingQ3 23: 0 buyingQ3 23: 0 sellingQ3 23Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20220—0——
Q3 20220—0——
Q4 20220—1$5.2k—
Q1 20230—0——
Q2 20230—0——
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——

None reported in Q1 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SIT INVESTMENT ASSOCIATES INC 1.19% of their portfolio Minneapolis, MN 5,716,6735.7m $51.6m $51.6m 1.19% Added +396.6k +396,557
2 Saba Capital Management, L.P. 0.47% of their portfolio NEW YORK, NY 2,363,8122.4m $21.3m $21.3m 0.47% Added +135.4k +135,429
3 Pathstone Holdings, LLC 0.08% of their portfolio ENGLEWOOD, NJ 1,877,7181.9m $17.0m $17.0m 0.08% Added +3.0k +3,020
4 1607 Capital Partners, LLC 1.15% of their portfolio Richmond, VA 1,555,3401.6m $14.0m $14.0m 1.15% Reduced -843.5k -843,505
5 Bulldog Investors, LLP 4.18% of their portfolio SADDLE BROOK, NJ 1,401,0681.4m $12.7m $12.7m 4.18% Added +94.2k +94,191
6 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.54% of their portfolio WEST PALM BEACH, FL 1,248,5091.2m $11.3m $11.3m 0.54% Added +45.9k +45,936
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,208,2981.2m $10.9m $10.9m 0.00% Added +256.0k +255,984
8 Hennion & Walsh Asset Management, Inc. 0.35% of their portfolio Parsippany, NJ 721,164721.2k $6.5m $6.5m 0.35% Reduced -123.4k -123,446
9 Logan Stone Capital, LLC 1.08% of their portfolio CHICAGO, IL 554,939554.9k $5.0m $5.0m 1.08% Added +14.1k +14,134
10 Almitas Capital LLC 1.74% of their portfolio SANTA MONICA, CA 467,648467.6k $4.2m $4.2m 1.74% Unchanged
11 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.30% of their portfolio London, X0 397,265397.3k $3.6m $3.6m 0.30% Added +267.3k +267,336
12 Capital Investment Advisors, LLC 0.08% of their portfolio ATLANTA, GA 364,049364.0k $3.3m $3.3m 0.08% Added +24.9k +24,874
13 ROBINSON CAPITAL MANAGEMENT, LLC 1.07% of their portfolio GROSSE POINTE FARMS, MI 318,500318.5k $3.0m $3.0m 1.07% New
14 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 313,707313.7k $2.8m $2.8m 0.00% Added +14.4k +14,353
15 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 269,571269.6k $2.4m $2.4m 0.00% Reduced -26.0k -26,016
16 AQR Arbitrage LLC 0.08% of their portfolio Greenwich, CT 246,757246.8k $2.2m $2.2m 0.08% Reduced -44.5k -44,458
17 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 218,831218.8k $2.0m $2.0m 0.00% Added +39.1k +39,150
18 Karpus Management, Inc. 0.05% of their portfolio Pittsford, NY 188,060188.1k $1.7m $1.7m 0.05% Reduced -135 -135
19 MacKay Shields LLC 0.04% of their portfolio New York, NY 176,016176.0k $1.6m $1.6m 0.04% Unchanged
20 MELFA WEALTH MANAGEMENT, INC. 1.03% of their portfolio WESTBOROUGH, MA 157,469157.5k $1.4m $1.4m 1.03% Reduced -1.5k -1,518
21 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 147,748147.7k $1.3m $1.3m 0.00% Unchanged
22 DEBUSSY CAPITAL MANAGEMENT LP 0.40% of their portfolio CHICAGO, IL 145,690145.7k $1.4m $1.4m 0.40% Reduced -19.8k -19,797
23 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 145,039145.0k $1.3m $1.3m 0.00% Reduced -1.6k -1,578
24 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 128,515128.5k $1.2m $1.2m 0.01% Reduced -17.2k -17,185
25 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 105,976106.0k $957.0k $957.0k 0.01% Reduced -1.6k -1,621
26 Indiana Trust & Investment Management Co 0.35% of their portfolio MISHAWAKA, IN 95,93295.9k $866.3k $866.3k 0.35% Unchanged
27 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 95,00095.0k $858.0k $858.0k 0.00% Added +60.0k +60,000
28 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 90,52890.5k $817.5k $817.5k 0.00% Reduced -35.6k -35,646
29 ROTHSCHILD INVESTMENT LLC 0.06% of their portfolio CHICAGO, IL 89,57589.6k $808.9k $808.9k 0.06% Added +2.0k +1,975
30 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 88,43688.4k $798.6k $798.6k 0.00% Added +9.4k +9,410
31 RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio MINNEAPOLIS, MN 84,53584.5k $763.4k $763.4k 0.01% Reduced -1.6k -1,647
32 UBS Group AG 0.00% of their portfolio ZURICH, V8 83,85783.9k $757.2k $757.2k 0.00% Reduced -3.8k -3,787
33 U.S. Capital Wealth Advisors, LLC 0.03% of their portfolio AUSTIN, TX 77,68577.7k $701.5k $701.5k 0.03% Added +9.9k +9,950
34 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 77,13277.1k $696.5k $696.5k 0.00% Reduced -661 -661
35 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 76,93776.9k $694.7k $694.7k 0.00% Added +1 +1
36 Ategra Capital Management, LLC 0.30% of their portfolio VIENNA, VA 71,61971.6k $646.7k $646.7k 0.30% Unchanged
37 Livelsberger Financial Advisory 6.98% of their portfolio Ashland, OH 61,95462.0k $589.8k $589.8k 6.98% Added +163 +163
38 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.04% of their portfolio Englewood, NJ 54,50054.5k $492.1k $492.1k 0.04% Reduced -24.0k -24,007
39 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 51,46251.5k $464.7k $464.7k 0.00% Unchanged
40 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 50,81050.8k $458.8k $458.8k 0.00% Unchanged
41 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 40,87240.9k $369.1k $369.1k 0.00% Reduced -2.0k -2,048
42 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 38,70038.7k $350.0k $350.0k 0.00% Unchanged
43 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 32,73332.7k $295.6k $295.6k 0.00% Reduced -5.6k -5,589
44 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 31,42831.4k $283.8k $283.8k 0.00% Added +19.0k +19,049
45 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 29,87929.9k $269.8k $269.8k 0.00% New
46 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 27,60227.6k $249.2k $249.2k 0.00% Added +173 +173
47 Thomas J. Herzfeld Advisors, Inc. 0.09% of their portfolio MIAMI BEACH, FL 26,94026.9k $243.3k $243.3k 0.09% Added +8.4k +8,420
48 Basepoint Wealth LLC 0.18% of their portfolio CEDAR RAPIDS, IA 26,52426.5k $239.5k $239.5k 0.18% Added +182 +182
49 Choate Investment Advisors 0.01% of their portfolio BOSTON, MA 26,20026.2k $236.6k $236.6k 0.01% Unchanged
50 Summit Financial Wealth Advisors, LLC 0.05% of their portfolio Lafayette, LA 25,90025.9k $233.9k $233.9k 0.05% Reduced -3.5k -3,500
51 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 25,89825.9k $234.0k $234.0k 0.00% Reduced -1.5k -1,472
52 Avior Wealth Management, LLC 0.01% of their portfolio OMAHA, NE 23,98124.0k $216.5k $216.5k 0.01% New
53 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 20,50020.5k $185.0k $185.0k 0.00% Added +969 +969
54 Ironsides Asset Advisors, LLC 0.06% of their portfolio ROCKY MOUNT, NC 18,75118.8k $169.3k $169.3k 0.06% Added +736 +736
55 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 18,67818.7k $168.7k $168.7k 0.00% Reduced -562 -562
56 INTEGRATED CAPITAL MANAGEMENT, INC. 0.14% of their portfolio JESSUP, PA 18,56518.6k $167.6k $167.6k 0.14% Added +566 +566
57 Camelot Portfolios, LLC 0.14% of their portfolio Maumee, OH 16,28416.3k $147.1k $147.1k 0.14% Reduced -7.3k -7,279
58 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 13,60013.6k $122.0k $122.0k 0.00% New
59 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 13,27113.3k $119.8k $119.8k 0.00% Reduced -25 -25
60 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 12,92512.9k $118.0k $118.0k 0.00% Reduced -31.3k -31,325
61 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.02% of their portfolio BLUE BELL, PA 12,87712.9k $116.3k $116.3k 0.02% Added +4.0k +3,980
62 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 12,10012.1k $109.3k $109.3k 0.00% New
63 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 11,62711.6k $105.0k $105.0k 0.00% Reduced -11.1k -11,057
64 Gridiron Partners, LLC 0.06% of their portfolio Wexford, PA 10,57610.6k $95.5k $95.5k 0.06% Reduced -4.8k -4,769
65 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 3,0003.0k $27.1k $27.1k 0.00% Unchanged
66 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 2,5002.5k $22.6k $22.6k 0.00% New
67 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 2,1002.1k $19.0k $19.0k 0.00% New
68 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 1,3071.3k $11.8k $11.8k 0.00% Unchanged
69 Plante Moran Financial Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 1,0001.0k $9.0k $9.0k 0.00% Unchanged
70 Cape Investment Advisory, Inc. 0.00% of their portfolio MCDONOUGH, GA 976976 $8.8k $8.8k 0.00% Unchanged
71 Householder Group Estate & Retirement Specialist, LLC 0.00% of their portfolio SCOTTSDALE, AZ 667667 $6.0k $6.0k 0.00% Unchanged
72 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 528528 $4.8k $4.8k 0.00% Unchanged
73 Pathway Financial Advisers, LLC 0.00% of their portfolio AUBURN, IN 505505 $4.6k $4.6k 0.00% Reduced -1 -1
74 Caldwell Trust Co 0.00% of their portfolio Venice, FL 500500 $4.5k $4.5k 0.00% Unchanged
75 COMERICA BANK 0.00% of their portfolio DALLAS, TX 414414 $3.7k $3.7k 0.00% Reduced -87 -87
76 MACROVIEW INVESTMENT MANAGEMENT LLC 0.00% of their portfolio BETHESDA, MD 250250 $2.3k $2.3k 0.00% Unchanged
77 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 200200 $1.8k $1.8k 0.00% Unchanged
78 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged