Eaton Vance California Municipal Income Trust
28 hedge funds and large institutions have $27M 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%)
39% less capital inflows, than outflows
Capital inflows: $4.1M | Capital outflows: $6.73M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Icon Advisers
Greenwood Village,
Colorado
|
+$2.05M |
| 2 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$503K |
| 3 |
Bulldog Investors
Saddle Brook,
New Jersey
|
+$428K |
| 4 |
Karpus Investment Management
Pittsford,
New York
|
+$338K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$204K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
-$2.32M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.93M |
| 3 |
Almitas Capital
Santa Monica,
California
|
-$1.4M |
| 4 |
Lincoln National Corp
Radnor,
Pennsylvania
|
-$374K |
| 5 |
Tradewinds Capital Management
Bellingham,
Washington
|
-$268K |
CEV Hedge Fund Activity: Q2 2019 in Review
28 of the 4,626 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance California Municipal Income Trust (CEV) for Q2 2019, worth a combined $27M — down 6.6% 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 $27M of Eaton Vance California Municipal Income Trust stock for Q2 2019, down 6.6% 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.