Eaton Vance California Municipal Income Trust
24 hedge funds and large institutions have $24.2M invested in Eaton Vance California Municipal Income Trust in 2019 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 4 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
3% more capital invested
Capital invested by funds: $23.4M → $24.2M (+$751K)
1.55% less ownership
Funds ownership: 26.73% → 25.18% (-1.6%)
8% less funds holding
Funds holding: 26 → 24 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $19K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$765K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$399K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$327K |
| 4 |
WT
Whittier Trust
South Pasadena,
California
|
+$320K |
| 5 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$235K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.68M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.65M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$344K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$191K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$133K |
CEV Hedge Fund Activity: Q4 2019 in Review
24 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance California Municipal Income Trust (CEV) for Q4 2019, worth a combined $24.2M — up 3.2% from $23.4M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of CEV and 2 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 9 added.
The largest buyer was Bank of America, adding an estimated $765K. The largest seller was Karpus Investment Management, cutting an estimated $1.68M.
- 24 institutional investors held Eaton Vance California Municipal Income Trust (CEV) as of Q4 2019, down from 26 in Q3 2019.
- Funds reported $24.2M of Eaton Vance California Municipal Income Trust stock for Q4 2019, up 3.2% quarter-over-quarter.
- 2 funds opened new Eaton Vance California Municipal Income Trust positions in Q4 2019 and 4 closed out, a net change of -2 holders.
- The largest Eaton Vance California Municipal Income Trust buyer in Q4 2019 was Bank of America, an estimated $765K added.
- The largest Eaton Vance California Municipal Income Trust seller in Q4 2019 was Karpus Investment Management, an estimated $1.68M sold.
Based on aggregated 13F filings for Q4 2019.