Eaton Vance California Municipal Income Trust
20 hedge funds and large institutions have $22.6M invested in Eaton Vance California Municipal Income Trust in 2020 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 4 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
1.32% less ownership
Funds ownership: 25.18% → 23.86% (-1.3%)
6% less capital invested
Capital invested by funds: $24.2M → $22.6M (-$1.56M)
17% less funds holding
Funds holding: 24 → 20 (-4)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.06M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$326K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$298K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$186K |
| 5 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$106K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.59M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$499K |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$457K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$347K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$194K |
CEV Hedge Fund Activity: Q1 2020 in Review
20 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance California Municipal Income Trust (CEV) for Q1 2020, worth a combined $22.6M — down 6.4% from $24.2M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of CEV and 2 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 6 added.
The largest buyer was Bank of America, adding an estimated $1.06M. The largest seller was Karpus Investment Management, cutting an estimated $1.59M.
- 20 institutional investors held Eaton Vance California Municipal Income Trust (CEV) as of Q1 2020, down from 24 in Q4 2019.
- Funds reported $22.6M of Eaton Vance California Municipal Income Trust stock for Q1 2020, down 6.4% quarter-over-quarter.
- 2 funds opened new Eaton Vance California Municipal Income Trust positions in Q1 2020 and 4 closed out, a net change of -2 holders.
- The largest Eaton Vance California Municipal Income Trust buyer in Q1 2020 was Bank of America, an estimated $1.06M added.
- The largest Eaton Vance California Municipal Income Trust seller in Q1 2020 was Karpus Investment Management, an estimated $1.59M sold.
Based on aggregated 13F filings for Q1 2020.