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. Holder counts are more reliable. Implied quarter-end price ≈ $9.47.
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 82 |
| Q4 2022 | 80 |
| Q1 2023 | 80 |
| Q2 2023 | 81 |
| Q3 2023 | 87 |
| Q4 2023 | 79 |
| Q1 2024 | 78 |
| Q2 2024 | 77 |
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 |
| Q3 2023 | 37 | 35 |
| Q4 2023 | 36 | 37 |
| Q1 2024 | 32 | 34 |
| Q2 2024 | 36 | 41 |
Biggest buyers
| Karpus Management, Inc. | Added | +1.4m |
| Yakira Capital Management, Inc. | New | +448.0k |
| SIT INVESTMENT ASSOCIATES INC | Added | +280.7k |
| HB Wealth Management, LLC | New | +149.9k |
| PNC Financial Services Group, Inc. | Added | +99.5k |
| Logan Stone Capital, LLC | Added | +98.3k |
| COHEN & STEERS, INC. | Added | +75.0k |
| Advisory Services Network, LLC | New | +71.6k |
| WHITEBOX ADVISORS LLC | New | +63.0k |
| Wellspring Financial Advisors, LLC | New | +31.2k |
Biggest sellers
| MORGAN STANLEY | Reduced | -1.1m |
| Bulldog Investors, LLP | Reduced | -768.5k |
| Almitas Capital LLC | Reduced | -407.6k |
| Hennion & Walsh Asset Management, Inc. | Reduced | -342.5k |
| Pathstone Holdings, LLC | Reduced | -167.4k |
| GUGGENHEIM CAPITAL LLC | Sold out | -128.5k |
| AQR Arbitrage LLC | Reduced | -118.0k |
| 1607 Capital Partners, LLC | Reduced | -101.2k |
| VAN ECK ASSOCIATES CORP | Reduced | -86.5k |
| Ategra Capital Management, LLC | Sold out | -71.6k |
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 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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 1 | $5.2k | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| SIT INVESTMENT ASSOCIATES INC 1.31% of their portfolio | 6.0m $56.8m | Added +280.7k |
| Saba Capital Management, L.P. 0.49% of their portfolio | 2.4m $22.4m | Unchanged |
| Pathstone Holdings, LLC 0.07% of their portfolio | 1.7m $16.2m | Reduced -167.4k |
| Karpus Management, Inc. 0.43% of their portfolio | 1.6m $15.3m | Added +1.4m |
| 1607 Capital Partners, LLC 1.23% of their portfolio | 1.5m $13.8m | Reduced -101.2k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.56% of their portfolio | 1.3m $11.8m | Added +1.7k |
| Logan Stone Capital, LLC 1.60% of their portfolio | 653.3k $6.2m | Added +98.3k |
| Bulldog Investors, LLP 2.24% of their portfolio | 632.6k $6.0m | Reduced -768.5k |
| Yakira Capital Management, Inc. 1.68% of their portfolio | 448.0k $4.2m | New |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.33% of their portfolio | 412.4k $3.9m | Added +15.1k |
| Hennion & Walsh Asset Management, Inc. 0.18% of their portfolio | 378.7k $3.6m | Reduced -342.5k |
| Capital Investment Advisors, LLC 0.07% of their portfolio | 348.6k $3.3m | Reduced -15.5k |
| ROBINSON CAPITAL MANAGEMENT, LLC 1.08% of their portfolio | 317.5k $3.0m | Reduced -966 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 247.8k $2.3m | Reduced -21.8k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 227.2k $2.2m | Reduced -86.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 221.3k $2.1m | Added +2.5k |
| MacKay Shields LLC 0.05% of their portfolio | 176.0k $1.7m | Unchanged |
| COHEN & STEERS, INC. 0.00% of their portfolio | 170.0k $1.6m | Added +75.0k |
| MELFA WEALTH MANAGEMENT, INC. 1.07% of their portfolio | 161.1k $1.5m | Added +3.6k |
| HB Wealth Management, LLC 0.02% of their portfolio | 149.9k $1.4m | New |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 147.7k $1.4m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 135.0k $1.3m | Reduced -1.1m |
| AQR Arbitrage LLC 0.03% of their portfolio | 128.8k $1.2m | Reduced -118.0k |
| DEBUSSY CAPITAL MANAGEMENT LP 0.34% of their portfolio | 127.7k $1.2m | Reduced -18.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 115.3k $1.1m | Reduced -29.7k |
| PARK AVENUE SECURITIES LLC 0.01% of their portfolio | 106.5k $1.0m | Added +507 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 102.5k $970.7k | Added +99.5k |
| ROTHSCHILD INVESTMENT LLC 0.06% of their portfolio | 89.6k $848.3k | Unchanged |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 88.4k $837.5k | Unchanged |
| RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio | 85.0k $805.4k | Added +515 |
| Indiana Trust & Investment Management Co 0.28% of their portfolio | 80.9k $766.4k | Reduced -15.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 78.6k $744.6k | Added +1.7k |
| UBS Group AG 0.00% of their portfolio | 76.1k $720.5k | Reduced -7.8k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 72.4k $685.2k | Reduced -18.2k |
| Advisory Services Network, LLC 0.01% of their portfolio | 71.6k $678.2k | New |
| U.S. Capital Wealth Advisors, LLC 0.02% of their portfolio | 66.5k $630.1k | Reduced -11.2k |
| LPL Financial LLC 0.00% of their portfolio | 66.2k $626.8k | Reduced -10.9k |
| WHITEBOX ADVISORS LLC 0.02% of their portfolio | 63.0k $596.6k | New |
| Livelsberger Financial Advisory 8.85% of their portfolio | 62.6k $593.1k | Added +671 |
| Almitas Capital LLC 0.24% of their portfolio | 60.0k $568.5k | Reduced -407.6k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 55.0k $520.9k | Added +22.3k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 51.5k $487.3k | Unchanged |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 50.8k $481.2k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 48.7k $461.0k | Added +10.0k |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 39.9k $377.7k | Added +10.0k |
| Wellspring Financial Advisors, LLC 0.04% of their portfolio | 31.2k $295.4k | New |
| Equitable Holdings, Inc. 0.00% of their portfolio | 28.3k $267.6k | Added +651 |
| Basepoint Wealth LLC 0.20% of their portfolio | 26.6k $251.8k | Added +62 |
| Fort Point Capital Partners LLC 0.03% of their portfolio | 26.1k $247.1k | New |
| Summit Financial Wealth Advisors, LLC 0.05% of their portfolio | 25.4k $240.5k | Reduced -500 |
| KINGSWOOD WEALTH ADVISORS, LLC 0.02% of their portfolio | 24.9k $235.8k | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 24.4k $231.0k | Reduced -1.5k |
| Invesco Ltd. 0.00% of their portfolio | 23.3k $220.9k | New |
| Avior Wealth Management, LLC 0.01% of their portfolio | 22.0k $208.7k | Reduced -1.9k |
| Camelot Portfolios, LLC 0.12% of their portfolio | 21.5k $203.3k | Added +5.2k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 20.6k $195.0k | Added +94 |
| INTEGRATED CAPITAL MANAGEMENT, INC. 0.15% of their portfolio | 20.4k $192.8k | Added +1.8k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 18.4k $174.1k | Reduced -296 |
| Cetera Investment Advisers 0.00% of their portfolio | 16.4k $155.0k | Reduced -15.1k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 12.8k $121.3k | Reduced -458 |
| Creative Planning 0.00% of their portfolio | 11.8k $112.2k | Added +222 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 11.5k $109.2k | Reduced -29.3k |
| HighTower Advisors, LLC 0.00% of their portfolio | 11.5k $109.0k | Reduced -1.4k |
| Gridiron Partners, LLC 0.06% of their portfolio | 10.4k $98.9k | Reduced -131 |
| Dakota Wealth Management 0.00% of their portfolio | 10.0k $94.7k | New |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 1.5k $14.5k | New |
| ST GERMAIN D J CO INC 0.00% of their portfolio | 1.4k $13.6k | New |
| BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio | 1.3k $12.4k | Unchanged |
| Plante Moran Financial Advisors, LLC 0.00% of their portfolio | 1.0k $9.5k | Unchanged |
| Cape Investment Advisory, Inc. 0.00% of their portfolio | 976 $9.2k | Unchanged |
| Great Lakes Retirement, Inc. 0.00% of their portfolio | 700 $6.6k | New |
| Householder Group Estate & Retirement Specialist, LLC 0.00% of their portfolio | 667 $6.0k | Unchanged |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 528 $5.0k | Unchanged |
| Pathway Financial Advisers, LLC 0.00% of their portfolio | 506 $4.8k | Added +1 |
| MACROVIEW INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 250 $2.4k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 224 $2.1k | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |