Eaton Vance California Municipal Income Trust
22 hedge funds and large institutions have $18.3M invested in Eaton Vance California Municipal Income Trust in 2020 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
10% more funds holding
Funds holding: 20 → 22 (+2)
3% less ownership
Funds ownership: 21.76% → 18.76% (-3%)
11% less capital invested
Capital invested by funds: $20.6M → $18.3M (-$2.32M)
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.25M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$276K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$251K |
| 4 |
FFG
Ford Financial Group
Fresno,
California
|
+$147K |
| 5 |
Morgan Stanley
New York
|
+$43.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.9M |
| 2 |
WT
Whittier Trust
South Pasadena,
California
|
-$734K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$331K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$290K |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
-$283K |
CEV Hedge Fund Activity: Q4 2020 in Review
22 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance California Municipal Income Trust (CEV) for Q4 2020, worth a combined $18.3M — down 11% from $20.6M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new CEV positions and 2 closed out — a net gain of 2 holders — while 4 added to existing stakes and 6 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.25M. The largest seller was Karpus Investment Management, cutting an estimated $2.9M.
- 22 institutional investors held Eaton Vance California Municipal Income Trust (CEV) as of Q4 2020, up from 20 in Q3 2020.
- Funds reported $18.3M of Eaton Vance California Municipal Income Trust stock for Q4 2020, down 11% quarter-over-quarter.
- 4 funds opened new Eaton Vance California Municipal Income Trust positions in Q4 2020 and 2 closed out, a net change of +2 holders.
- The largest Eaton Vance California Municipal Income Trust buyer in Q4 2020 was Robinson Capital Management, an estimated $1.25M added.
- The largest Eaton Vance California Municipal Income Trust seller in Q4 2020 was Karpus Investment Management, an estimated $2.9M sold.
Based on aggregated 13F filings for Q4 2020.