Eaton Vance California Municipal Income Trust
28 hedge funds and large institutions have $24.9M invested in Eaton Vance California Municipal Income Trust in 2019 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
8% more funds holding
Funds holding: 26 → 28 (+2)
3.07% less ownership
Funds ownership: 33.63% → 30.56% (-3.1%)
14% less capital invested
Capital invested by funds: $28.9M → $24.9M (-$3.98M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$2.05M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$503K |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$428K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$338K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$204K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$2.32M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.93M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$1.4M |
| 4 |
LNC
Lincoln National Corp
Radnor,
Pennsylvania
|
-$374K |
| 5 |
TCM
Tradewinds Capital Management
Bellingham,
Washington
|
-$268K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCM
26
Rivernorth Capital Management
West Palm Beach,
Florida
| $1.64K | +$503K | +41,163 | +45% |
|
27
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $1K | +$1.7K | +139 | New |
|
|
BI
28
Bulldog Investors
Saddle Brook,
New Jersey
| $433 | +$428K | +35,000 | New |
|
|
29
Fiera Capital (Canada)
Montreal,
Quebec, Canada
| – | -$1.93M | -161,000 | Closed |
|
|
LNC
30
Lincoln National Corp
Radnor,
Pennsylvania
| – | -$374K | -31,173 | Closed |
|
|
TCM
31
Tradewinds Capital Management
Bellingham,
Washington
| – | -$268K | -22,300 | Closed |
|
CEV Hedge Fund Activity: Q2 2019 in Review
28 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance California Municipal Income Trust (CEV) for Q2 2019, worth a combined $24.9M — down 14% from $28.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new CEV positions and 3 closed out — a net gain of 2 holders — while 11 added to existing stakes and 9 trimmed.
The largest buyer was Icon Advisers, opening a new position worth an estimated $2.05M. The largest seller was Saba Capital Management, cutting an estimated $2.32M.
- 28 institutional investors held Eaton Vance California Municipal Income Trust (CEV) as of Q2 2019, up from 26 in Q1 2019.
- Funds reported $24.9M of Eaton Vance California Municipal Income Trust stock for Q2 2019, down 14% quarter-over-quarter.
- 5 funds opened new Eaton Vance California Municipal Income Trust positions in Q2 2019 and 3 closed out, a net change of +2 holders.
- The largest Eaton Vance California Municipal Income Trust buyer in Q2 2019 was Icon Advisers, an estimated $2.05M added.
- The largest Eaton Vance California Municipal Income Trust seller in Q2 2019 was Saba Capital Management, an estimated $2.32M sold.
Based on aggregated 13F filings for Q2 2019.