Eaton Vance California Municipal Income Trust
26 hedge funds and large institutions have $25.6M invested in Eaton Vance California Municipal Income Trust in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 7 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
3.83% less ownership
Funds ownership: 30.56% → 26.73% (-3.8%)
5% less capital invested
Capital invested by funds: $27M → $25.6M (-$1.36M)
7% less funds holding
Funds holding: 28 → 26 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.64M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
+$526K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$469K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$420K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$381K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.35M |
| 2 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$1.67M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$689K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$518K |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$433K |
CEV Hedge Fund Activity: Q3 2019 in Review
26 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance California Municipal Income Trust (CEV) for Q3 2019, worth a combined $25.6M — down 5% from $27M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of CEV and 5 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 9 added.
The largest buyer was Karpus Investment Management, adding an estimated $2.64M. The largest seller was Saba Capital Management, exiting entirely with an estimated $4.35M sold.
- 26 institutional investors held Eaton Vance California Municipal Income Trust (CEV) as of Q3 2019, down from 28 in Q2 2019.
- Funds reported $25.6M of Eaton Vance California Municipal Income Trust stock for Q3 2019, down 5% quarter-over-quarter.
- 5 funds opened new Eaton Vance California Municipal Income Trust positions in Q3 2019 and 7 closed out, a net change of -2 holders.
- The largest Eaton Vance California Municipal Income Trust buyer in Q3 2019 was Karpus Investment Management, an estimated $2.64M added.
- The largest Eaton Vance California Municipal Income Trust seller in Q3 2019 was Saba Capital Management, an estimated $4.35M sold.
Based on aggregated 13F filings for Q3 2019.