Eaton Vance Michigan Municipal Income Trust
EMI was delisted on the 14th of December, 2018.
12 hedge funds and large institutions have $3.78M invested in Eaton Vance Michigan Municipal Income Trust in 2014 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 4 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
16% more capital invested
Capital invested by funds: $3.27M → $3.78M (+$509K)
9% more funds holding
Funds holding: 11 → 12 (+1)
25% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$425K |
| 2 |
Morgan Stanley
New York
|
+$270K |
| 3 |
PVWM
Point View Wealth Management
Summit,
New Jersey
|
+$66.3K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$15.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$136K |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$112K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$70.5K |
| 4 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
-$30K |
| 5 |
AIG
American International Group
New York
|
-$18.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KIM
1
Karpus Investment Management
Pittsford,
New York
| $1.43M | -$70.5K | -5,624 | -5% |
|
|
DA
2
Doliver Advisors
Houston,
Texas
| $495K | -$112K | -8,970 | -19% |
|
|
FIMG
3
Financial & Investment Management Group
Traverse City,
Michigan
| $431K | +$425K | +33,900 | New |
|
|
PVWM
4
Point View Wealth Management
Summit,
New Jersey
| $410K | +$66.3K | +5,288 | +20% |
|
|
5
Morgan Stanley
New York
| $322K | +$270K | +21,524 | +567% |
|
6
Wells Fargo
San Francisco,
California
| $287K | – | – | – |
|
|
WAM
7
Wolverine Asset Management
Chicago,
Illinois
| $185K | +$15.5K | +1,234 | +9% |
|
8
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $139K | – | – | – |
|
9
Bank of America
Charlotte,
North Carolina
| $34K | – | – | – |
|
|
AIG
10
American International Group
New York
| $27.6K | -$18.8K | -1,500 | -41% |
|
11
UBS Group
Zurich,
Switzerland
| $12K | +$11.8K | +941 | New |
|
|
TJHA
12
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $1K | -$136K | -10,855 | -99% |
|
|
13
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$30K | -2,400 | Closed |
|
EMI Hedge Fund Activity: Q4 2014 in Review
12 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Michigan Municipal Income Trust (EMI) for Q4 2014, worth a combined $3.78M — up 16% from $3.27M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new EMI positions and 1 closed out — a net gain of 1 holder — while 3 added to existing stakes and 4 trimmed.
The largest buyer was Financial & Investment Management Group, opening a new position worth an estimated $425K. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $136K.
- 12 institutional investors held Eaton Vance Michigan Municipal Income Trust (EMI) as of Q4 2014, up from 11 in Q3 2014.
- Funds reported $3.78M of Eaton Vance Michigan Municipal Income Trust stock for Q4 2014, up 16% quarter-over-quarter.
- 2 funds opened new Eaton Vance Michigan Municipal Income Trust positions in Q4 2014 and 1 closed out, a net change of +1 holder.
- The largest Eaton Vance Michigan Municipal Income Trust buyer in Q4 2014 was Financial & Investment Management Group, an estimated $425K added.
- The largest Eaton Vance Michigan Municipal Income Trust seller in Q4 2014 was Thomas J. Herzfeld Advisors, an estimated $136K sold.
Based on aggregated 13F filings for Q4 2014.