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 ≈ $9.38.
Trends to Q1 2025
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 |
| Q3 2024 | 70 |
| Q4 2024 | 76 |
| Q1 2025 | 75 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 34 | 31 |
| Q3 2023 | 37 | 35 |
| Q4 2023 | 36 | 37 |
| Q1 2024 | 32 | 34 |
| Q2 2024 | 36 | 41 |
| Q3 2024 | 23 | 37 |
| Q4 2024 | 32 | 32 |
| Q1 2025 | 28 | 30 |
Biggest buyers
| SIT INVESTMENT ASSOCIATES INC | Added | +301.8k |
| Karpus Management, Inc. | Added | +148.3k |
| 1607 Capital Partners, LLC | Added | +67.0k |
| GRAHAM CAPITAL WEALTH MANAGEMENT, LLC | New | +43.7k |
| Orion Portfolio Solutions, LLC | Added | +40.6k |
| Dakota Wealth Management | Added | +39.0k |
| CAROLINAS WEALTH CONSULTING LLC | New | +24.0k |
| GUGGENHEIM CAPITAL LLC | Added | +18.4k |
| ENVESTNET ASSET MANAGEMENT INC | Added | +17.6k |
| XTX Topco Ltd | New | +14.2k |
Biggest sellers
| Pathstone Holdings, LLC | Reduced | -491.5k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Sold out | -287.6k |
| Bulldog Investors, LLP | Reduced | -148.3k |
| WELLS FARGO & COMPANY/MN | Reduced | -91.6k |
| BANK OF AMERICA CORP /DE/ | Reduced | -44.2k |
| VAN ECK ASSOCIATES CORP | Reduced | -35.3k |
| ROTHSCHILD INVESTMENT LLC | Reduced | -32.0k |
| AXXCESS WEALTH MANAGEMENT, LLC | Sold out | -22.5k |
| Noble Wealth Management PBC | Reduced | -15.2k |
| Indiana Trust & Investment Management Co | Reduced | -15.0k |
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.
| 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 Q1 2025
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.
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| SIT INVESTMENT ASSOCIATES INC 2.04% of their portfolio | 9.3m $87.0m | Added +301.8k |
| Karpus Management, Inc. 0.72% of their portfolio | 2.4m $22.3m | Added +148.3k |
| 1607 Capital Partners, LLC 1.12% of their portfolio | 1.5m $13.8m | Added +67.0k |
| Hennion & Walsh Asset Management, Inc. 0.23% of their portfolio | 556.4k $5.2m | Reduced -13.9k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.41% of their portfolio | 412.4k $3.9m | Unchanged |
| Capital Investment Advisors, LLC 0.06% of their portfolio | 338.0k $3.2m | Reduced -1.0k |
| Bulldog Investors, LLP 0.78% of their portfolio | 306.3k $2.9m | Reduced -148.3k |
| NorthCoast Asset Management LLC 0.01% of their portfolio | 291.7k $2.7m | Reduced -1.2k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 203.3k $1.9m | Added +8.1k |
| MacKay Shields LLC 0.05% of their portfolio | 174.0k $1.6m | Unchanged |
| COHEN & STEERS, INC. 0.00% of their portfolio | 170.0k $1.6m | Unchanged |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 166.0k $1.6m | Reduced -35.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 165.1k $1.5m | Reduced -44.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 161.1k $1.5m | Reduced -91.6k |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 147.7k $1.4m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 141.8k $1.3m | Added +17.6k |
| MELFA WEALTH MANAGEMENT, INC. 0.89% of their portfolio | 140.1k $1.3m | Reduced -8.0k |
| PARK AVENUE SECURITIES LLC 0.01% of their portfolio | 126.9k $1.2m | Added +13.3k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 102.5k $961.5k | Unchanged |
| Orion Portfolio Solutions, LLC 0.00% of their portfolio | 80.3k $756.1k | Added +40.6k |
| Nuveen, LLC 0.00% of their portfolio | 79.0k $741.3k | First filing |
| Dakota Wealth Management 0.02% of their portfolio | 75.9k $712.1k | Added +39.0k |
| LPL Financial LLC 0.00% of their portfolio | 75.7k $709.7k | Added +10.0k |
| HB Wealth Management, LLC 0.01% of their portfolio | 75.0k $703.0k | Unchanged |
| StoneX Group Inc. 0.04% of their portfolio | 73.7k $691.7k | Reduced -343 |
| UBS Group AG 0.00% of their portfolio | 72.2k $677.0k | Reduced -388 |
| Advisory Services Network, LLC 0.01% of their portfolio | 66.1k $619.8k | Reduced -5.5k |
| U.S. Capital Wealth Advisors, LLC 0.02% of their portfolio | 60.9k $570.9k | Reduced -1.0k |
| Noble Wealth Management PBC 0.38% of their portfolio | 60.0k $562.8k | Reduced -15.2k |
| Transform Wealth, LLC 0.03% of their portfolio | 57.7k $541.4k | Unchanged |
| ROTHSCHILD INVESTMENT LLC 0.04% of their portfolio | 56.9k $533.9k | Reduced -32.0k |
| Pathstone Holdings, LLC 0.00% of their portfolio | 54.1k $536.0k | Reduced -491.5k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 51.5k $482.7k | Reduced -1 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 48.4k $454.0k | Unchanged |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 47.2k $442.6k | Reduced -377 |
| GRAHAM CAPITAL WEALTH MANAGEMENT, LLC 0.44% of their portfolio | 43.7k $409.9k | New |
| GUGGENHEIM CAPITAL LLC 0.00% of their portfolio | 42.1k $394.8k | Added +18.4k |
| Orion Porfolio Solutions, LLC 0.00% of their portfolio | 40.6k $380.6k | Added +835 |
| Camelot Portfolios, LLC 0.22% of their portfolio | 38.0k $356.3k | Added +9.0k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 31.3k $293.8k | Reduced -4.1k |
| Equitable Holdings, Inc. 0.00% of their portfolio | 29.9k $280.9k | Added +615 |
| Wellspring Financial Advisors, LLC 0.03% of their portfolio | 28.1k $263.5k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 26.9k $252.2k | Reduced -3.9k |
| INTEGRATED CAPITAL MANAGEMENT, INC. 0.19% of their portfolio | 25.9k $243.3k | Added +2.2k |
| Summit Financial Wealth Advisors, LLC 0.05% of their portfolio | 25.4k $238.3k | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 25.0k $234.5k | Added +1.3k |
| Creative Planning 0.00% of their portfolio | 24.4k $228.5k | Added +9.1k |
| Indiana Trust & Investment Management Co 0.08% of their portfolio | 24.0k $225.4k | Reduced -15.0k |
| CAROLINAS WEALTH CONSULTING LLC 0.05% of their portfolio | 24.0k $225.1k | New |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 23.0k $215.0k | Added +1.5k |
| Basepoint Wealth LLC 0.15% of their portfolio | 20.8k $195.4k | Reduced -2.9k |
| Plan A Wealth LLC 0.14% of their portfolio | 18.8k $175.9k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 18.5k $173.5k | Added +2.0k |
| MAI Capital Management 0.00% of their portfolio | 15.5k $145.0k | Added +11 |
| Cetera Investment Advisers 0.00% of their portfolio | 15.0k $140.5k | Reduced -1.3k |
| XTX Topco Ltd 0.01% of their portfolio | 14.2k $133.6k | New |
| Mariner, LLC 0.00% of their portfolio | 13.8k $129.8k | Added +3.0k |
| HighTower Advisors, LLC 0.00% of their portfolio | 13.8k $129.2k | Added +108 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 13.4k $125.5k | Unchanged |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 13.3k $124.4k | Unchanged |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 12.9k $121.0k | Added +120 |
| GREAT VALLEY ADVISOR GROUP, INC. 0.00% of their portfolio | 12.7k $119.2k | Unchanged |
| CX Institutional 0.00% of their portfolio | 11.4k $107.0k | New |
| Gridiron Partners, LLC 0.06% of their portfolio | 10.4k $98.0k | Unchanged |
| US BANCORP \DE\ 0.00% of their portfolio | 8.1k $75.5k | Unchanged |
| OPTIMUM INVESTMENT ADVISORS 0.04% of their portfolio | 8.0k $75.0k | Unchanged |
| Elequin Capital, LP 0.01% of their portfolio | 6.1k $56.9k | Reduced -1.1k |
| CoreCap Advisors, LLC 0.00% of their portfolio | 2.5k $23.4k | Unchanged |
| BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio | 1.3k $12.3k | Unchanged |
| Plante Moran Financial Advisors, LLC 0.00% of their portfolio | 1.0k $9.4k | Unchanged |
| Cape Investment Advisory, Inc. 0.00% of their portfolio | 976 $9.2k | Unchanged |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 528 $5.0k | Unchanged |
| Parallel Advisors, LLC 0.00% of their portfolio | 100 $938 | New |
| Marshall & Sterling Wealth Advisors Inc. 0.00% of their portfolio | 19 $179 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |