Eaton Vance Municipal Bond Fund
EIM
68 hedge funds and large institutions have $129M invested in Eaton Vance Municipal Bond Fund in 2016 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 20 increasing their positions, 24 reducing their positions, and 13 closing their positions.
13% more capital invested
Capital invested by funds: $114M → $129M (+$14.9M)
2.94% more ownership
Funds ownership: 12.3% → 15.24% (+2.9%)
8% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 13
3% less funds holding
Funds holding: 70 → 68 (-2)
17% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 24
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$21.4M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$4.32M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$3.37M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$3.34M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$5.54M |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
-$4.21M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.22M |
| 4 |
VanEck Associates
New York
|
-$885K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$643K |
EIM Hedge Fund Activity: Q4 2016 in Review
68 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Bond Fund (EIM) for Q4 2016, worth a combined $129M — up 13% from $114M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of EIM and 12 opened new positions — a net loss of 1 holder — while 24 trimmed existing stakes and 20 added.
The largest buyer was Karpus Investment Management, adding an estimated $21.4M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $5.54M sold.
- 68 institutional investors held Eaton Vance Municipal Bond Fund (EIM) as of Q4 2016, down from 70 in Q3 2016.
- Funds reported $129M of Eaton Vance Municipal Bond Fund stock for Q4 2016, up 13% quarter-over-quarter.
- 12 funds opened new Eaton Vance Municipal Bond Fund positions in Q4 2016 and 13 closed out, a net change of -1 holder.
- The largest Eaton Vance Municipal Bond Fund buyer in Q4 2016 was Karpus Investment Management, an estimated $21.4M added.
- The largest Eaton Vance Municipal Bond Fund seller in Q4 2016 was Robinson Capital Management, an estimated $5.54M sold.
Based on aggregated 13F filings for Q4 2016.