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CEV

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.

New
Increased
Maintained
Reduced
Closed

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: 2420 (-4)

50% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 4

Holders
20
Holders Change
-4
Holders Change %
-16.67%
% of All Funds
0.44%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
2
Increased
6
Reduced
6
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$6.87M -$1.59M -120,109 -19%
FFA
2
First Foundation Advisors
California
$3.22M +$85.8K +6,492 +3%
GC
3
Guggenheim Capital
Illinois
$2.46M +$326K +24,696 +15%
Bank of America
4
Bank of America
North Carolina
$2.21M +$1.06M +80,418 +94%
Invesco
5
Invesco
Georgia
$1.34M +$186K +14,107 +16%
Morgan Stanley
6
Morgan Stanley
New York
$1.21M -$28.4K -2,148 -2%
AAM
7
Advisors Asset Management
Colorado
$1.07M -$347K -26,240 -25%
Wells Fargo
8
Wells Fargo
California
$923K -$178K -13,486 -16%
WT
9
Whittier Trust
California
$830K +$39.8K +3,009 +5%
IA
10
Icon Advisers
Colorado
$730K +$106K +8,057 +17%
C
11
Certuity
Florida
$447K
UBS Group
12
UBS Group
Switzerland
$301K -$19.5K -1,474 -6%
RCM
13
Robinson Capital Management
Michigan
$300K +$298K +22,513 New
Commonwealth Equity Services
14
Commonwealth Equity Services
Massachusetts
$244K
DWM
15
Dakota Wealth Management
Florida
$156K -$83.9K -6,349 -35%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$141K
Osaic Holdings
17
Osaic Holdings
Arizona
$125K +$124K +9,400 New
Kayne Anderson Rudnick Investment Management
18
Kayne Anderson Rudnick Investment Management
California
$32K
WTC
19
WhitTier Trust Company
Nevada
$18K
ETI
20
Enterprise Trust & Investment
California
$13K
RCM
21
Rivernorth Capital Management
Florida
-$499K -37,054 Closed
VCM
22
Vivaldi Capital Management
Illinois
-$457K -33,911 Closed
WS
23
Wedbush Securities
California
-$194K -14,400 Closed
SIA
24
Sit Investment Associates
Minnesota
-$23K -1,673 Closed

CEV Hedge Fund Activity: Q1 2020 in Review

20 of the 4,539 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.