Eaton Vance California Municipal Income Trust
28 hedge funds and large institutions have $18.5M invested in Eaton Vance California Municipal Income Trust in 2017 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 2 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
4% more funds holding
Funds holding: 27 → 28 (+1)
1% more capital invested
Capital invested by funds: $18.2M → $18.5M (+$264K)
0.77% more ownership
Funds ownership: 20.38% → 21.15% (+0.77%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$561K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$419K |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$373K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$228K |
| 5 |
Morgan Stanley
New York
|
+$157K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$532K |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$459K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$189K |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$101K |
| 5 |
TWA
TCI Wealth Advisors
Tucson,
Arizona
|
-$83K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $11K | – | – | – |
|
|
IA
27
IFP Advisors
Tampa,
Florida
| $10K | +$112 | +9 | +1% |
|
|
28
Northern Trust
Chicago,
Illinois
| $4K | +$373K | +30,132 | New |
|
|
LCM
29
Landscape Capital Management
Englewood,
New Jersey
| – | -$189K | -15,372 | Closed |
|
|
TWA
30
TCI Wealth Advisors
Tucson,
Arizona
| – | -$83K | -6,760 | Closed |
|
CEV Hedge Fund Activity: Q1 2017 in Review
28 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance California Municipal Income Trust (CEV) for Q1 2017, worth a combined $18.5M — up 1.5% from $18.2M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new CEV positions and 2 closed out — a net gain of 1 holder — while 11 added to existing stakes and 7 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $561K. The largest seller was Invesco, cutting an estimated $532K.
- 28 institutional investors held Eaton Vance California Municipal Income Trust (CEV) as of Q1 2017, up from 27 in Q4 2016.
- Funds reported $18.5M of Eaton Vance California Municipal Income Trust stock for Q1 2017, up 1.5% quarter-over-quarter.
- 3 funds opened new Eaton Vance California Municipal Income Trust positions in Q1 2017 and 2 closed out, a net change of +1 holder.
- The largest Eaton Vance California Municipal Income Trust buyer in Q1 2017 was Karpus Investment Management, an estimated $561K added.
- The largest Eaton Vance California Municipal Income Trust seller in Q1 2017 was Invesco, an estimated $532K sold.
Based on aggregated 13F filings for Q1 2017.