Eaton Vance California Municipal Income Trust
28 hedge funds and large institutions have $19.5M invested in Eaton Vance California Municipal Income Trust in 2018 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
4% more funds holding
Funds holding: 27 → 28 (+1)
0.7% less ownership
Funds ownership: 24.52% → 23.81% (-0.7%)
2% less capital invested
Capital invested by funds: $20M → $19.5M (-$456K)
25% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$899K |
| 2 |
SCM
Saba Capital Management
New York
|
+$608K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$417K |
| 4 |
Morgan Stanley
New York
|
+$68.7K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$29.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$905K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$449K |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
-$369K |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
-$323K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$176K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CF
26
Centaurus Financial
Anaheim,
California
| $17K | +$17.1K | +1,500 | New |
|
|
STA
27
Summit Trail Advisors
New York
| $15K | +$15.2K | +1,333 | New |
|
|
IA
28
IFP Advisors
Tampa,
Florida
| $10K | +$194 | +17 | +2% |
|
|
29
Invesco
Atlanta,
Georgia
| – | -$449K | -39,470 | Closed |
|
|
WAM
30
Wolverine Asset Management
Chicago,
Illinois
| – | -$5K | -521 | Closed |
|
CEV Hedge Fund Activity: Q2 2018 in Review
28 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance California Municipal Income Trust (CEV) for Q2 2018, worth a combined $19.5M — down 2.3% from $20M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new CEV positions and 2 closed out — a net gain of 1 holder — while 9 added to existing stakes and 12 trimmed.
The largest buyer was Fiera Capital (Canada), adding an estimated $899K. The largest seller was Advisors Asset Management, cutting an estimated $905K.
- 28 institutional investors held Eaton Vance California Municipal Income Trust (CEV) as of Q2 2018, up from 27 in Q1 2018.
- Funds reported $19.5M of Eaton Vance California Municipal Income Trust stock for Q2 2018, down 2.3% quarter-over-quarter.
- 3 funds opened new Eaton Vance California Municipal Income Trust positions in Q2 2018 and 2 closed out, a net change of +1 holder.
- The largest Eaton Vance California Municipal Income Trust buyer in Q2 2018 was Fiera Capital (Canada), an estimated $899K added.
- The largest Eaton Vance California Municipal Income Trust seller in Q2 2018 was Advisors Asset Management, an estimated $905K sold.
Based on aggregated 13F filings for Q2 2018.