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CEV

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.

New
Increased
Maintained
Reduced
Closed

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: 2628 (+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)

Holders
28
Holders Change
+2
Holders Change %
+7.69%
% of All Funds
0.61%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
11
Reduced
9
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$6.94M +$338K +27,674 +5%
SCM
2
Saba Capital Management
New York
$4.35M -$2.32M -189,761 -35%
FFA
3
First Foundation Advisors
California
$2.44M +$106K +8,658 +5%
IA
4
Icon Advisers
Colorado
$2.08M +$2.05M +167,748 New
AAM
5
Advisors Asset Management
Colorado
$1.68M -$78K -6,377 -4%
Morgan Stanley
6
Morgan Stanley
New York
$1.18M +$33.1K +2,707 +3%
GC
7
Guggenheim Capital
Illinois
$1.17M -$174K -14,267 -13%
Wells Fargo
8
Wells Fargo
California
$1.07M -$3.27K -267 -0.3%
AC
9
Almitas Capital
California
$689K -$1.4M -114,470 -67%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$518K -$25.7K -2,100 -5%
Invesco
11
Invesco
Georgia
$376K +$204K +16,710 +122%
DWM
12
Dakota Wealth Management
Florida
$335K -$34.5K -2,825 -9%
WS
13
Wedbush Securities
California
$305K
WT
14
Whittier Trust
California
$269K +$18.3K +1,500 +7%
UBS Group
15
UBS Group
Switzerland
$245K +$70.1K +5,731 +41%
Commonwealth Equity Services
16
Commonwealth Equity Services
Massachusetts
$227K
WAM
17
Wolverine Asset Management
Illinois
$189K +$174K +14,253 +1,381%
VCM
18
Vivaldi Capital Management
Illinois
$183K +$18.4K +1,508 +11%
TJHA
19
Thomas J. Herzfeld Advisors
Florida
$179K +$42.8K +3,500 +32%
RJA
20
Raymond James & Associates
Florida
$139K -$108K -8,815 -44%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$131K +$67K +5,482 +108%
Bank of America
22
Bank of America
North Carolina
$130K -$7.59K -621 -6%
Kayne Anderson Rudnick Investment Management
23
Kayne Anderson Rudnick Investment Management
California
$30K +$29.5K +2,410 New
AG
24
Advisor Group
Arizona
$25K
ETI
25
Enterprise Trust & Investment
California
$12K +$12.2K +1,000 New

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.