Eaton Vance Michigan Municipal Income Trust
EMI was delisted on the 14th of December, 2018.
10 hedge funds and large institutions have $3.64M invested in Eaton Vance Michigan Municipal Income Trust in 2015 Q1 according to their latest regulatory filings, with 0 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 2 closing their positions.
4% less capital invested
Capital invested by funds: $3.78M → $3.64M (-$136K)
17% less funds holding
Funds holding: 12 → 10 (-2)
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$587K |
| 2 |
PVWM
Point View Wealth Management
Summit,
New Jersey
|
+$99.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$269K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$202K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$149K |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$126K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$101K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KIM
1
Karpus Investment Management
Pittsford,
New York
| $1.32M | -$149K | -11,489 | -10% |
|
|
FIMG
2
Financial & Investment Management Group
Traverse City,
Michigan
| $1.04M | +$587K | +45,412 | +134% |
|
|
PVWM
3
Point View Wealth Management
Summit,
New Jersey
| $522K | +$99.9K | +7,725 | +24% |
|
|
DA
4
Doliver Advisors
Houston,
Texas
| $407K | -$101K | -7,821 | -20% |
|
|
WAM
5
Wolverine Asset Management
Chicago,
Illinois
| $121K | -$69K | -5,338 | -36% |
|
|
6
Wells Fargo
San Francisco,
California
| $91K | -$202K | -15,599 | -69% |
|
|
7
Morgan Stanley
New York
| $59K | -$269K | -20,800 | -82% |
|
8
Bank of America
Charlotte,
North Carolina
| $35K | – | – | – |
|
|
AIG
9
American International Group
New York
| $28.4K | – | – | – |
|
|
10
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $17K | -$126K | -9,718 | -88% |
|
11
UBS Group
Zurich,
Switzerland
| – | -$12K | -941 | Closed |
|
|
TJHA
12
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$1K | -100 | Closed |
|
EMI Hedge Fund Activity: Q1 2015 in Review
10 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Michigan Municipal Income Trust (EMI) for Q1 2015, worth a combined $3.64M — down 3.6% from $3.78M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of EMI and 0 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 2 added.
The largest buyer was Financial & Investment Management Group, adding an estimated $587K. The largest seller was Morgan Stanley, cutting an estimated $269K.
- 10 institutional investors held Eaton Vance Michigan Municipal Income Trust (EMI) as of Q1 2015, down from 12 in Q4 2014.
- Funds reported $3.64M of Eaton Vance Michigan Municipal Income Trust stock for Q1 2015, down 3.6% quarter-over-quarter.
- 0 funds opened new Eaton Vance Michigan Municipal Income Trust positions in Q1 2015 and 2 closed out, a net change of -2 holders.
- The largest Eaton Vance Michigan Municipal Income Trust buyer in Q1 2015 was Financial & Investment Management Group, an estimated $587K added.
- The largest Eaton Vance Michigan Municipal Income Trust seller in Q1 2015 was Morgan Stanley, an estimated $269K sold.
Based on aggregated 13F filings for Q1 2015.