Vault-13

DWS MUN INCOME TR KTF

COM · Closed-End Fund · CUSIP 233368109

75 institutional holders -1 vs Q4 2024
18,451,80018.5m shares reported held*
$173.1mreported value*
6 new 22 added 23 reduced 7 sold out net sold ≈ $4.4m (-467.3k 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 ≈ $9.38.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 82Q4 22: 80Q1 23: 80Q2 23: 81Q3 23: 87Q4 23: 79Q1 24: 78Q2 24: 77Q3 24: 70Q4 24: 76Q1 25: 7575Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202282
Q4 202280
Q1 202380
Q2 202381
Q3 202387
Q4 202379
Q1 202478
Q2 202477
Q3 202470
Q4 202476
Q1 202575

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q2 23: 34 bought or addedQ2 23: 31 cut or sold outQ3 23: 37 bought or addedQ3 23: 35 cut or sold outQ3 23Q4 23: 36 bought or addedQ4 23: 37 cut or sold outQ1 24: 32 bought or addedQ1 24: 34 cut or sold outQ1 24Q2 24: 36 bought or addedQ2 24: 41 cut or sold outQ3 24: 23 bought or addedQ3 24: 37 cut or sold outQ3 24Q4 24: 32 bought or addedQ4 24: 32 cut or sold outQ1 25: 28 bought or addedQ1 25: 30 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20233431
Q3 20233735
Q4 20233637
Q1 20243234
Q2 20243641
Q3 20242337
Q4 20243232
Q1 20252830

Biggest buyers

SIT INVESTMENT ASSOCIATES INC Added +301,804+301.8k
Karpus Management, Inc. Added +148,282+148.3k
1607 Capital Partners, LLC Added +67,001+67.0k
GRAHAM CAPITAL WEALTH MANAGEMENT, LLC New +43,697+43.7k
Orion Portfolio Solutions, LLC Added +40,572+40.6k
Dakota Wealth Management Added +39,013+39.0k
CAROLINAS WEALTH CONSULTING LLC New +24,000+24.0k
GUGGENHEIM CAPITAL LLC Added +18,414+18.4k
ENVESTNET ASSET MANAGEMENT INC Added +17,605+17.6k
XTX Topco Ltd New +14,245+14.2k

Biggest sellers

Pathstone Holdings, LLC Reduced -491,517-491.5k
RIVERNORTH CAPITAL MANAGEMENT, LLC Sold out -287,588-287.6k
Bulldog Investors, LLP Reduced -148,335-148.3k
WELLS FARGO & COMPANY/MN Reduced -91,598-91.6k
BANK OF AMERICA CORP /DE/ Reduced -44,246-44.2k
VAN ECK ASSOCIATES CORP Reduced -35,272-35.3k
ROTHSCHILD INVESTMENT LLC Reduced -32,000-32.0k
AXXCESS WEALTH MANAGEMENT, LLC Sold out -22,500-22.5k
Noble Wealth Management PBC Reduced -15,175-15.2k
Indiana Trust & Investment Management Co Reduced -14,952-15.0k

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.

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 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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SIT INVESTMENT ASSOCIATES INC 2.04% of their portfolio Minneapolis, MN 9,279,0989.3m $87.0m $87.0m 2.04% Added +301.8k +301,804
2 Karpus Management, Inc. 0.72% of their portfolio Pittsford, NY 2,373,1602.4m $22.3m $22.3m 0.72% Added +148.3k +148,282
3 1607 Capital Partners, LLC 1.12% of their portfolio Richmond, VA 1,476,4801.5m $13.8m $13.8m 1.12% Added +67.0k +67,001
4 Hennion & Walsh Asset Management, Inc. 0.23% of their portfolio Parsippany, NJ 556,423556.4k $5.2m $5.2m 0.23% Reduced -13.9k -13,928
5 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.41% of their portfolio London, X0 412,392412.4k $3.9m $3.9m 0.41% Unchanged
6 Capital Investment Advisors, LLC 0.06% of their portfolio ATLANTA, GA 338,007338.0k $3.2m $3.2m 0.06% Reduced -1.0k -1,041
7 Bulldog Investors, LLP 0.78% of their portfolio SADDLE BROOK, NJ 306,283306.3k $2.9m $2.9m 0.78% Reduced -148.3k -148,335
8 NorthCoast Asset Management LLC 0.01% of their portfolio STAMFORD, CT 291,663291.7k $2.7m $2.7m 0.01% Reduced -1.2k -1,158
9 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 203,277203.3k $1.9m $1.9m 0.00% Added +8.1k +8,130
10 MacKay Shields LLC 0.05% of their portfolio New York, NY 173,963174.0k $1.6m $1.6m 0.05% Unchanged
11 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 170,000170.0k $1.6m $1.6m 0.00% Unchanged
12 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 165,984166.0k $1.6m $1.6m 0.00% Reduced -35.3k -35,272
13 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 165,127165.1k $1.5m $1.5m 0.00% Reduced -44.2k -44,246
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 161,113161.1k $1.5m $1.5m 0.00% Reduced -91.6k -91,598
15 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 147,748147.7k $1.4m $1.4m 0.00% Unchanged
16 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 141,831141.8k $1.3m $1.3m 0.00% Added +17.6k +17,605
17 MELFA WEALTH MANAGEMENT, INC. 0.89% of their portfolio WESTBOROUGH, MA 140,069140.1k $1.3m $1.3m 0.89% Reduced -8.0k -8,000
18 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 126,933126.9k $1.2m $1.2m 0.01% Added +13.3k +13,287
19 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 102,500102.5k $961.5k $961.5k 0.00% Unchanged
20 Orion Portfolio Solutions, LLC 0.00% of their portfolio Omaha, NE 80,30980.3k $756.1k $756.1k 0.00% Added +40.6k +40,572
21 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 79,02679.0k $741.3k $741.3k 0.00% First filing
22 Dakota Wealth Management 0.02% of their portfolio PALM BEACH GARDENS, FL 75,91375.9k $712.1k $712.1k 0.02% Added +39.0k +39,013
23 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 75,65875.7k $709.7k $709.7k 0.00% Added +10.0k +10,027
24 HB Wealth Management, LLC 0.01% of their portfolio Atlanta, GA 74,95075.0k $703.0k $703.0k 0.01% Unchanged
25 StoneX Group Inc. 0.04% of their portfolio NEW YORK, NY 73,74273.7k $691.7k $691.7k 0.04% Reduced -343 -343
26 UBS Group AG 0.00% of their portfolio ZURICH, V8 72,17772.2k $677.0k $677.0k 0.00% Reduced -388 -388
27 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 66,08066.1k $619.8k $619.8k 0.01% Reduced -5.5k -5,454
28 U.S. Capital Wealth Advisors, LLC 0.02% of their portfolio AUSTIN, TX 60,86060.9k $570.9k $570.9k 0.02% Reduced -1.0k -1,000
29 Noble Wealth Management PBC 0.38% of their portfolio GREENWOOD VILLAGE, CO 60,00060.0k $562.8k $562.8k 0.38% Reduced -15.2k -15,175
30 Transform Wealth, LLC 0.03% of their portfolio GREENWOOD VILLAGE, CO 57,71457.7k $541.4k $541.4k 0.03% Unchanged
31 ROTHSCHILD INVESTMENT LLC 0.04% of their portfolio CHICAGO, IL 56,91756.9k $533.9k $533.9k 0.04% Reduced -32.0k -32,000
32 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 54,10554.1k $536.0k $536.0k 0.00% Reduced -491.5k -491,517
33 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 51,46251.5k $482.7k $482.7k 0.00% Reduced -1 -1
34 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 48,40048.4k $454.0k $454.0k 0.00% Unchanged
35 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 47,18347.2k $442.6k $442.6k 0.00% Reduced -377 -377
36 GRAHAM CAPITAL WEALTH MANAGEMENT, LLC 0.44% of their portfolio WASHINGTON, DC 43,69743.7k $409.9k $409.9k 0.44% New
37 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 42,08942.1k $394.8k $394.8k 0.00% Added +18.4k +18,414
38 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 40,57240.6k $380.6k $380.6k 0.00% Added +835 +835
39 Camelot Portfolios, LLC 0.22% of their portfolio Maumee, OH 37,98138.0k $356.3k $356.3k 0.22% Added +9.0k +8,956
40 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 31,32531.3k $293.8k $293.8k 0.00% Reduced -4.1k -4,077
41 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 29,94429.9k $280.9k $280.9k 0.00% Added +615 +615
42 Wellspring Financial Advisors, LLC 0.03% of their portfolio CLEVELAND, OH 28,09228.1k $263.5k $263.5k 0.03% Unchanged
43 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 26,88826.9k $252.2k $252.2k 0.00% Reduced -3.9k -3,877
44 INTEGRATED CAPITAL MANAGEMENT, INC. 0.19% of their portfolio JESSUP, PA 25,93725.9k $243.3k $243.3k 0.19% Added +2.2k +2,222
45 Summit Financial Wealth Advisors, LLC 0.05% of their portfolio Lafayette, LA 25,40025.4k $238.3k $238.3k 0.05% Unchanged
46 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 24,99925.0k $234.5k $234.5k 0.00% Added +1.3k +1,263
47 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 24,35624.4k $228.5k $228.5k 0.00% Added +9.1k +9,118
48 Indiana Trust & Investment Management Co 0.08% of their portfolio MISHAWAKA, IN 24,02824.0k $225.4k $225.4k 0.08% Reduced -15.0k -14,952
49 CAROLINAS WEALTH CONSULTING LLC 0.05% of their portfolio CHARLOTTE, NC 24,00024.0k $225.1k $225.1k 0.05% New
50 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 22,95523.0k $215.0k $215.0k 0.00% Added +1.5k +1,513
51 Basepoint Wealth LLC 0.15% of their portfolio CEDAR RAPIDS, IA 20,83420.8k $195.4k $195.4k 0.15% Reduced -2.9k -2,890
52 Plan A Wealth LLC 0.14% of their portfolio LINCOLN, NE 18,75318.8k $175.9k $175.9k 0.14% Unchanged
53 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 18,50118.5k $173.5k $173.5k 0.00% Added +2.0k +1,999
54 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 15,46315.5k $145.0k $145.0k 0.00% Added +11 +11
55 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 14,98415.0k $140.5k $140.5k 0.00% Reduced -1.3k -1,337
56 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 14,24514.2k $133.6k $133.6k 0.01% New
57 Mariner, LLC 0.00% of their portfolio Overland Park, KS 13,84013.8k $129.8k $129.8k 0.00% Added +3.0k +3,000
58 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 13,77313.8k $129.2k $129.2k 0.00% Added +108 +108
59 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 13,38213.4k $125.5k $125.5k 0.00% Unchanged
60 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 13,26113.3k $124.4k $124.4k 0.00% Unchanged
61 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 12,85512.9k $121.0k $121.0k 0.00% Added +120 +120
62 GREAT VALLEY ADVISOR GROUP, INC. 0.00% of their portfolio WILMINGTON, DE 12,70512.7k $119.2k $119.2k 0.00% Unchanged
63 CX Institutional 0.00% of their portfolio AUBURN, IN 11,40011.4k $107.0k $107.0k 0.00% New
64 Gridiron Partners, LLC 0.06% of their portfolio Wexford, PA 10,44510.4k $98.0k $98.0k 0.06% Unchanged
65 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 8,0538.1k $75.5k $75.5k 0.00% Unchanged
66 OPTIMUM INVESTMENT ADVISORS 0.04% of their portfolio Chicago, IL 8,0008.0k $75.0k $75.0k 0.04% Unchanged
67 Elequin Capital, LP 0.01% of their portfolio NEW YORK, NY 6,0666.1k $56.9k $56.9k 0.01% Reduced -1.1k -1,077
68 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 2,5002.5k $23.4k $23.4k 0.00% Unchanged
69 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 1,3071.3k $12.3k $12.3k 0.00% Unchanged
70 Plante Moran Financial Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 1,0001.0k $9.4k $9.4k 0.00% Unchanged
71 Cape Investment Advisory, Inc. 0.00% of their portfolio MCDONOUGH, GA 976976 $9.2k $9.2k 0.00% Unchanged
72 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 528528 $5.0k $5.0k 0.00% Unchanged
73 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 100100 $938 $938 0.00% New
74 Marshall & Sterling Wealth Advisors Inc. 0.00% of their portfolio POUGHKEEPSIE, NY 1919 $179 $179 0.00% New
75 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged