Eaton Vance Michigan Municipal Income Trust
EMI was delisted on the 14th of December, 2018.
11 hedge funds and large institutions have $3.22M invested in Eaton Vance Michigan Municipal Income Trust in 2014 Q1 according to their latest regulatory filings, with 0 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 1 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 3
19% more capital invested
Capital invested by funds: $2.71M → $3.22M (+$511K)
8% less funds holding
Funds holding: 12 → 11 (-1)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$141K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$130K |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$79.1K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$47.3K |
| 5 |
PVWM
Point View Wealth Management
Summit,
New Jersey
|
+$21.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$114K |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$17.4K |
| 3 |
Morgan Stanley
New York
|
-$2.31K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.16K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KIM
1
Karpus Investment Management
Pittsford,
New York
| $1.44M | +$141K | +12,134 | +11% |
|
|
DA
2
Doliver Advisors
Houston,
Texas
| $619K | +$47.3K | +4,066 | +9% |
|
|
WAM
3
Wolverine Asset Management
Chicago,
Illinois
| $266K | +$130K | +11,174 | +102% |
|
4
Wells Fargo
San Francisco,
California
| $265K | +$12 | +1 | +0% |
|
|
PVWM
5
Point View Wealth Management
Summit,
New Jersey
| $188K | +$21.3K | +1,827 | +13% |
|
|
TJHA
6
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $154K | -$17.4K | -1,498 | -10% |
|
|
7
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $128K | +$79.1K | +6,800 | +178% |
|
8
Royal Bank of Canada
Toronto,
Ontario, Canada
| $60K | – | – | – |
|
|
AIG
9
American International Group
New York
| $44.1K | – | – | – |
|
|
10
Morgan Stanley
New York
| $42K | -$2.31K | -198 | -5% |
|
|
11
Bank of America
Charlotte,
North Carolina
| $12K | -$1.16K | -100 | -9% |
|
|
TC
12
TFS Capital
West Chester,
Pennsylvania
| – | -$114K | -10,317 | Closed |
|
EMI Hedge Fund Activity: Q1 2014 in Review
11 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Michigan Municipal Income Trust (EMI) for Q1 2014, worth a combined $3.22M — up 19% from $2.71M a quarter earlier.
Sellers outnumbered buyers: 1 fund closed out of EMI and 0 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 6 added.
The largest buyer was Karpus Investment Management, adding an estimated $141K. The largest seller was TFS Capital, exiting entirely with an estimated $114K sold.
- 11 institutional investors held Eaton Vance Michigan Municipal Income Trust (EMI) as of Q1 2014, down from 12 in Q4 2013.
- Funds reported $3.22M of Eaton Vance Michigan Municipal Income Trust stock for Q1 2014, up 19% quarter-over-quarter.
- 0 funds opened new Eaton Vance Michigan Municipal Income Trust positions in Q1 2014 and 1 closed out, a net change of -1 holder.
- The largest Eaton Vance Michigan Municipal Income Trust buyer in Q1 2014 was Karpus Investment Management, an estimated $141K added.
- The largest Eaton Vance Michigan Municipal Income Trust seller in Q1 2014 was TFS Capital, an estimated $114K sold.
Based on aggregated 13F filings for Q1 2014.