Richard J. Herring is Director at DWS STRATEGIC MUNICIPAL INCOME TRUST (KSM). They have made 14 open-market trades across 11 companies since 2007, most recently 2022-12-21.
CIK 0001250383
Unrated. We grade insiders only on stock they chose to buy on the open market. Grants, option exercises and vesting say nothing about timing, so they don't count — which is why someone can file often and still have no grade. It isn't a bad sign: unrated buys beat every graded tier below A.
11 open-market purchases totalling $130K since 2007, against 3 sales. Across 6 scored buys the stock is down 0.1% at ninety days, and 0.4 points behind the S&P over the same stretch.
6 scored purchases · one row per filing · discretionary only
| 7d | 30d | 90d | |
|---|---|---|---|
| Accuracy | 17% | 50% | 50% |
| Avg Move | -1.6% | -0.1% | -0.1% |
| Alpha | +4.2% | -0.4% | -0.4% |
| Scored | 6 | 6 | 6 |
| Ticker | Type | Traded | Filed | Price | Value | 7d Stock | 30d Stock | 90d Stock |
|---|---|---|---|---|---|---|---|---|
| KTF | SELL | 2022-12-21 | 2022-12-21 | $8.75 | $5K | N/A | N/A | N/A |
| KSM | SELL | 2022-12-21 | 2022-12-21 | $8.19 | $5K | +1.2% | +6.4% | +2.2% |
| KMM | BUY | 2014-07-01 | 2014-07-02 | $9.45 | $9K | N/A | N/A | N/A |
| KSM | BUY | 2014-07-01 | 2014-07-02 | $13.40 | $8K | +2.1% | -0.2% | -0.2% |
| DHG | BUY | 2014-07-01 | 2014-07-02 | $14.71 | $10K | -1.4% | +0.2% | +0.2% |
| KHI | BUY | 2014-07-01 | 2014-07-02 | $9.40 | $9K | -1.4% | -0.6% | -0.6% |
| KST | BUY | 2014-07-01 | 2014-07-02 | $12.86 | $10K | -0.5% | +0.3% | +0.3% |
| KTF | BUY | 2014-07-01 | 2014-07-02 | $13.62 | $8K | N/A | N/A | N/A |
| LBF | BUY | 2014-07-01 | 2014-07-02 | $8.43 | $9K | -2.8% | -0.7% | -0.7% |
| KSM | SELL | 2010-06-21 | 2010-07-12 | $13.03 | $17K | +2.1% | -0.2% | -0.2% |
| TF | BUY | 2008-06-17 | 2008-06-20 | $11.60 | $15K | N/A | N/A | N/A |
| SGF | BUY | 2008-03-19 | 2008-03-21 | $13.25 | $15K | N/A | N/A | N/A |
| JEQ | BUY | 2008-03-17 | 2008-03-19 | $6.40 | $15K | -5.7% | +0.4% | +0.4% |
| SRO | BUY | 2007-05-02 | 2007-05-02 | $20.25 | $20K | N/A | N/A | N/A |
Grouped by shared companies and similar filing behaviour. This is a similarity measure, not a ranking or a performance signal.
| 1,000 |
| — |
| TF | 1,300 | — |
| KTF | 600 | — |
| SGF | 1,100 | — |
| Total | $64K |
Shares reported on the most recent Form 4, priced at the 2014-07-02 close. 5 holdings could not be priced and are excluded from the total.