Eaton Vance Michigan Municipal Income Trust
EMI was delisted on the 14th of December, 2018.
11 hedge funds and large institutions have $3.27M invested in Eaton Vance Michigan Municipal Income Trust in 2014 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 5 reducing their positions, and 2 closing their positions.
3% more capital invested
Capital invested by funds: $3.19M → $3.27M (+$79.7K)
8% less funds holding
Funds holding: 12 → 11 (-1)
40% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 5
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
+$173K |
| 2 |
PVWM
Point View Wealth Management
Summit,
New Jersey
|
+$114K |
| 3 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
+$29.7K |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$4.96K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$56.8K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$43.7K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$37.2K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$37K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$24.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KIM
1
Karpus Investment Management
Pittsford,
New York
| $1.47M | -$56.8K | -4,588 | -4% |
|
|
DA
2
Doliver Advisors
Houston,
Texas
| $594K | +$173K | +13,957 | +41% |
|
|
PVWM
3
Point View Wealth Management
Summit,
New Jersey
| $334K | +$114K | +9,184 | +52% |
|
|
4
Wells Fargo
San Francisco,
California
| $280K | -$24.8K | -2,001 | -8% |
|
|
WAM
5
Wolverine Asset Management
Chicago,
Illinois
| $165K | -$43.7K | -3,531 | -21% |
|
|
6
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $137K | +$4.96K | +400 | +4% |
|
|
TJHA
7
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $136K | -$23.1K | -1,866 | -15% |
|
8
Morgan Stanley
New York
| $47K | – | – | – |
|
|
AIG
9
American International Group
New York
| $45.5K | – | – | – |
|
|
10
Bank of America
Charlotte,
North Carolina
| $33K | -$37.2K | -3,000 | -53% |
|
|
11
Fifth Third Bancorp
Cincinnati,
Ohio
| $30K | +$29.7K | +2,400 | New |
|
|
12
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$37K | -3,000 | Closed |
|
|
GSC
13
Ground Swell Capital
Folly Beach,
South Carolina
| – | -$2K | -200 | Closed |
|
EMI Hedge Fund Activity: Q3 2014 in Review
11 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Michigan Municipal Income Trust (EMI) for Q3 2014, worth a combined $3.27M — up 2.5% from $3.19M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of EMI and 1 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 3 added.
The largest buyer was Doliver Advisors, adding an estimated $173K. The largest seller was Karpus Investment Management, cutting an estimated $56.8K.
- 11 institutional investors held Eaton Vance Michigan Municipal Income Trust (EMI) as of Q3 2014, down from 12 in Q2 2014.
- Funds reported $3.27M of Eaton Vance Michigan Municipal Income Trust stock for Q3 2014, up 2.5% quarter-over-quarter.
- 1 fund opened new Eaton Vance Michigan Municipal Income Trust positions in Q3 2014 and 2 closed out, a net change of -1 holder.
- The largest Eaton Vance Michigan Municipal Income Trust buyer in Q3 2014 was Doliver Advisors, an estimated $173K added.
- The largest Eaton Vance Michigan Municipal Income Trust seller in Q3 2014 was Karpus Investment Management, an estimated $56.8K sold.
Based on aggregated 13F filings for Q3 2014.