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CEV

Eaton Vance California Municipal Income Trust
CEV

27 hedge funds and large institutions have $18.2M invested in Eaton Vance California Municipal Income Trust in 2016 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 3 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 3

133% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 3

17% more funds holding

Funds holding: 23 → 27 (+4)

2.95% more ownership

Funds ownership: 17.44% → 20.38% (+2.9%)

4% more capital invested

Capital invested by funds: $17.5M → $18.2M (+$709K)

Holders
27
Holders Change
+4
Holders Change %
+17.39%
% of All Funds
0.68%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
10
Reduced
3
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MIG
Mariner Investment Group
New York
+$677K
2
WAM
Wolverine Asset Management
Illinois
+$579K
3
Morgan Stanley
Morgan Stanley
New York
+$491K
4
CRC
Curi RMB Capital
Illinois
+$485K
5
AAM
Advisors Asset Management
Colorado
+$472K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$1,000K
2
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
-$298K
3
GC
Guggenheim Capital
Illinois
-$217K
4
Bank of America
Bank of America
North Carolina
-$47.8K
5
DADC
D.A. Davidson & Co
Montana
-$33K
Name Holding Trade Value Shares
Change 		Change in
Stake
AAM
1
Advisors Asset Management
Colorado
$4.19M +$472K +37,002 +12%
Invesco
2
Invesco
Georgia
$3.47M -$1,000K -78,409 -22%
GC
3
Guggenheim Capital
Illinois
$2.3M -$217K -16,999 -8%
Morgan Stanley
4
Morgan Stanley
New York
$1.07M +$491K +38,476 +79%
UBS Group
5
UBS Group
Switzerland
$913K +$281K +22,072 +42%
WAM
6
Wolverine Asset Management
Illinois
$876K +$579K +45,414 +176%
MIG
7
Mariner Investment Group
New York
$653K +$677K +53,087 New
RJFSA
8
Raymond James Financial Services Advisors
Florida
$645K +$56.6K +4,439 +9%
CRC
9
Curi RMB Capital
Illinois
$467K +$485K +38,007 New
FFA
10
First Foundation Advisors
California
$452K +$249K +19,505 +113%
Bank of America
11
Bank of America
North Carolina
$445K -$47.8K -3,745 -9%
LPL Financial
12
LPL Financial
California
$341K +$1.35K +106 +0.4%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$340K +$353K +27,650 New
Wells Fargo
14
Wells Fargo
California
$326K +$39.5K +3,100 +13%
HCM
15
Hollencrest Capital Management
California
$304K – – –
TCM
16
Tradewinds Capital Management
Washington
$274K – – –
IWMPD
17
Integrated Wealth Management (Palm Desert)
California
$192K – – –
LCM
18
Landscape Capital Management
New Jersey
$189K +$196K +15,372 New
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$147K – – –
DA
20
Doliver Advisors
Texas
$145K +$150K +11,798 New
TC
21
TFS Capital
Pennsylvania
$142K +$147K +11,508 New
TWA
22
TCI Wealth Advisors
Arizona
$83K +$86.2K +6,760 New
WT
23
Whittier Trust
California
$72K – – –
AG
24
Advisor Group
Arizona
$69K – – –
TJHA
25
Thomas J. Herzfeld Advisors
Florida
$67K +$36.7K +2,875 +110%
1
2

CEV Hedge Fund Activity: Q4 2016 in Review

27 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance California Municipal Income Trust (CEV) for Q4 2016, worth a combined $18.2M — up 4.1% from $17.5M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new CEV positions and 3 closed out — a net gain of 4 holders — while 10 added to existing stakes and 3 trimmed.

The largest buyer was Mariner Investment Group, opening a new position worth an estimated $677K. The largest seller was Invesco, cutting an estimated $1,000K.

  • 27 institutional investors held Eaton Vance California Municipal Income Trust (CEV) as of Q4 2016, up from 23 in Q3 2016.
  • Funds reported $18.2M of Eaton Vance California Municipal Income Trust stock for Q4 2016, up 4.1% quarter-over-quarter.
  • 7 funds opened new Eaton Vance California Municipal Income Trust positions in Q4 2016 and 3 closed out, a net change of +4 holders.
  • The largest Eaton Vance California Municipal Income Trust buyer in Q4 2016 was Mariner Investment Group, an estimated $677K added.
  • The largest Eaton Vance California Municipal Income Trust seller in Q4 2016 was Invesco, an estimated $1,000K sold.

Based on aggregated 13F filings for Q4 2016.