Eaton Vance California Municipal Income Trust
27 hedge funds and large institutions have $20M invested in Eaton Vance California Municipal Income Trust in 2018 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
13% more funds holding
Funds holding: 24 → 27 (+3)
9% more capital invested
Capital invested by funds: $18.4M → $20M (+$1.6M)
3.54% more ownership
Funds ownership: 20.97% → 24.52% (+3.5%)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.51M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
+$573K |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
+$493K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$443K |
| 5 |
LNC
Lincoln National Corp
Radnor,
Pennsylvania
|
+$421K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$732K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$489K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$407K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$175K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$62.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
26
IFP Advisors
Tampa,
Florida
| $11K | – | – | – |
|
|
WAM
27
Wolverine Asset Management
Chicago,
Illinois
| $5K | -$407K | -34,838 | -99% |
|
28
Northern Trust
Chicago,
Illinois
| – | -$1K | -12,205 | Closed |
|
29
Citigroup
New York
| – | -$11K | -900 | Closed |
|
CEV Hedge Fund Activity: Q1 2018 in Review
27 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance California Municipal Income Trust (CEV) for Q1 2018, worth a combined $20M — up 8.7% from $18.4M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new CEV positions and 2 closed out — a net gain of 3 holders — while 8 added to existing stakes and 9 trimmed.
The largest buyer was Fiera Capital (Canada), adding an estimated $1.51M. The largest seller was UBS Group, cutting an estimated $732K.
- 27 institutional investors held Eaton Vance California Municipal Income Trust (CEV) as of Q1 2018, up from 24 in Q4 2017.
- Funds reported $20M of Eaton Vance California Municipal Income Trust stock for Q1 2018, up 8.7% quarter-over-quarter.
- 5 funds opened new Eaton Vance California Municipal Income Trust positions in Q1 2018 and 2 closed out, a net change of +3 holders.
- The largest Eaton Vance California Municipal Income Trust buyer in Q1 2018 was Fiera Capital (Canada), an estimated $1.51M added.
- The largest Eaton Vance California Municipal Income Trust seller in Q1 2018 was UBS Group, an estimated $732K sold.
Based on aggregated 13F filings for Q1 2018.