Eaton Vance Michigan Municipal Income Trust
EMI was delisted on the 14th of December, 2018.
9 hedge funds and large institutions have $1.98M invested in Eaton Vance Michigan Municipal Income Trust in 2013 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 1 reducing their positions, and 2 closing their positions.
400% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 1
0% less capital invested
Capital invested by funds: $1.99M → $1.98M (-$8.43K)
10% less funds holding
Funds holding: 10 → 9 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$203K |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
+$162K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$21.2K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$11.2K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$8.88K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$157K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$92K |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$26.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KIM
1
Karpus Investment Management
Pittsford,
New York
| $1.31M | +$203K | +18,159 | +18% |
|
|
DA
2
Doliver Advisors
Houston,
Texas
| $279K | +$162K | +14,516 | +141% |
|
|
3
Wells Fargo
San Francisco,
California
| $215K | +$21.2K | +1,900 | +11% |
|
|
TJHA
4
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $70K | +$7.37K | +660 | +12% |
|
|
AIG
5
American International Group
New York
| $58.2K | – | – | – |
|
|
6
Royal Bank of Canada
Toronto,
Ontario, Canada
| $22K | +$11.2K | +1,000 | +100% |
|
7
Bank of America
Charlotte,
North Carolina
| $13K | – | – | – |
|
|
WAM
8
Wolverine Asset Management
Chicago,
Illinois
| $8K | +$8.88K | +795 | New |
|
|
U
9
UBS
Zurich,
Switzerland
| $5K | -$26.7K | -2,388 | -84% |
|
|
10
Morgan Stanley
New York
| – | -$157K | -12,720 | Closed |
|
|
SIA
11
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$92K | -7,511 | Closed |
|
EMI Hedge Fund Activity: Q3 2013 in Review
9 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Michigan Municipal Income Trust (EMI) for Q3 2013, worth a combined $1.98M — down 0.42% from $1.99M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of EMI and 1 opened new positions — a net loss of 1 holder — while 1 trimmed existing stakes and 5 added.
The largest buyer was Karpus Investment Management, adding an estimated $203K. The largest seller was Morgan Stanley, exiting entirely with an estimated $157K sold.
- 9 institutional investors held Eaton Vance Michigan Municipal Income Trust (EMI) as of Q3 2013, down from 10 in Q2 2013.
- Funds reported $1.98M of Eaton Vance Michigan Municipal Income Trust stock for Q3 2013, down 0.42% quarter-over-quarter.
- 1 fund opened new Eaton Vance Michigan Municipal Income Trust positions in Q3 2013 and 2 closed out, a net change of -1 holder.
- The largest Eaton Vance Michigan Municipal Income Trust buyer in Q3 2013 was Karpus Investment Management, an estimated $203K added.
- The largest Eaton Vance Michigan Municipal Income Trust seller in Q3 2013 was Morgan Stanley, an estimated $157K sold.
Based on aggregated 13F filings for Q3 2013.