Eaton Vance Michigan Municipal Income Trust
EMI was delisted on the 14th of December, 2018.
12 hedge funds and large institutions have $2.71M invested in Eaton Vance Michigan Municipal Income Trust in 2013 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 2 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
150% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 2
37% more capital invested
Capital invested by funds: $1.98M → $2.71M (+$732K)
33% more funds holding
Funds holding: 9 → 12 (+3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
+$251K |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$114K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$113K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$89.1K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$42.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$90.9K |
| 2 |
AIG
American International Group
New York
|
-$16.5K |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KIM
1
Karpus Investment Management
Pittsford,
New York
| $1.2M | -$90.9K | -8,243 | -7% |
|
|
DA
2
Doliver Advisors
Houston,
Texas
| $527K | +$251K | +22,751 | +92% |
|
3
Wells Fargo
San Francisco,
California
| $245K | +$33.1K | +2,999 | +16% |
|
|
TJHA
4
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $159K | +$89.1K | +8,085 | +130% |
|
|
PVWM
5
Point View Wealth Management
Summit,
New Jersey
| $153K | +$152K | +13,806 | New |
|
|
WAM
6
Wolverine Asset Management
Chicago,
Illinois
| $122K | +$113K | +10,212 | +1,285% |
|
|
TC
7
TFS Capital
West Chester,
Pennsylvania
| $114K | +$114K | +10,317 | New |
|
8
Royal Bank of Canada
Toronto,
Ontario, Canada
| $55K | +$33.1K | +3,000 | +150% |
|
|
9
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $42K | +$42.1K | +3,818 | New |
|
10
Morgan Stanley
New York
| $41K | +$41.1K | +3,730 | New |
|
|
AIG
11
American International Group
New York
| $40.8K | -$16.5K | -1,500 | -29% |
|
12
Bank of America
Charlotte,
North Carolina
| $12K | – | – | – |
|
|
U
13
UBS
Zurich,
Switzerland
| – | -$5K | -448 | Closed |
|
EMI Hedge Fund Activity: Q4 2013 in Review
12 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Michigan Municipal Income Trust (EMI) for Q4 2013, worth a combined $2.71M — up 37% from $1.98M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new EMI positions and 1 closed out — a net gain of 3 holders — while 5 added to existing stakes and 2 trimmed.
The largest buyer was Doliver Advisors, adding an estimated $251K. The largest seller was Karpus Investment Management, cutting an estimated $90.9K.
- 12 institutional investors held Eaton Vance Michigan Municipal Income Trust (EMI) as of Q4 2013, up from 9 in Q3 2013.
- Funds reported $2.71M of Eaton Vance Michigan Municipal Income Trust stock for Q4 2013, up 37% quarter-over-quarter.
- 4 funds opened new Eaton Vance Michigan Municipal Income Trust positions in Q4 2013 and 1 closed out, a net change of +3 holders.
- The largest Eaton Vance Michigan Municipal Income Trust buyer in Q4 2013 was Doliver Advisors, an estimated $251K added.
- The largest Eaton Vance Michigan Municipal Income Trust seller in Q4 2013 was Karpus Investment Management, an estimated $90.9K sold.
Based on aggregated 13F filings for Q4 2013.