Eaton Vance Michigan Municipal Income Trust
EMI was delisted on the 14th of December, 2018.
11 hedge funds and large institutions have $3.66M invested in Eaton Vance Michigan Municipal Income Trust in 2015 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 2 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
10% more funds holding
Funds holding: 10 → 11 (+1)
2% more capital invested
Capital invested by funds: $3.58M → $3.66M (+$73.1K)
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$142K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$35.1K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$18.3K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
+$10.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$54.4K |
| 2 |
PVWM
Point View Wealth Management
Summit,
New Jersey
|
-$47.9K |
| 3 |
AIG
American International Group
New York
|
-$26.9K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$21.1K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$15K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FIMG
1
Financial & Investment Management Group
Traverse City,
Michigan
| $1.38M | +$142K | +11,360 | +11% |
|
|
KIM
2
Karpus Investment Management
Pittsford,
New York
| $1.26M | +$35.1K | +2,813 | +3% |
|
|
PVWM
3
Point View Wealth Management
Summit,
New Jersey
| $487K | -$47.9K | -3,841 | -9% |
|
|
DA
4
Doliver Advisors
Houston,
Texas
| $293K | -$21.1K | -1,696 | -7% |
|
|
5
Wells Fargo
San Francisco,
California
| $87K | -$54.4K | -4,366 | -38% |
|
6
Morgan Stanley
New York
| $56K | – | – | – |
|
7
Bank of America
Charlotte,
North Carolina
| $34K | – | – | – |
|
|
8
UBS Group
Zurich,
Switzerland
| $26K | -$15K | -1,201 | -36% |
|
|
WAM
9
Wolverine Asset Management
Chicago,
Illinois
| $18K | +$18.3K | +1,470 | New |
|
|
10
Creative Planning
Overland Park,
Kansas
| $11K | +$10.8K | +869 | New |
|
11
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $5K | – | – | – |
|
|
AIG
12
American International Group
New York
| – | -$26.9K | -2,175 | Closed |
|
EMI Hedge Fund Activity: Q3 2015 in Review
11 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Michigan Municipal Income Trust (EMI) for Q3 2015, worth a combined $3.66M — up 2% from $3.58M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new EMI positions and 1 closed out — a net gain of 1 holder — while 2 added to existing stakes and 4 trimmed.
The largest buyer was Financial & Investment Management Group, adding an estimated $142K. The largest seller was Wells Fargo, cutting an estimated $54.4K.
- 11 institutional investors held Eaton Vance Michigan Municipal Income Trust (EMI) as of Q3 2015, up from 10 in Q2 2015.
- Funds reported $3.66M of Eaton Vance Michigan Municipal Income Trust stock for Q3 2015, up 2% quarter-over-quarter.
- 2 funds opened new Eaton Vance Michigan Municipal Income Trust positions in Q3 2015 and 1 closed out, a net change of +1 holder.
- The largest Eaton Vance Michigan Municipal Income Trust buyer in Q3 2015 was Financial & Investment Management Group, an estimated $142K added.
- The largest Eaton Vance Michigan Municipal Income Trust seller in Q3 2015 was Wells Fargo, an estimated $54.4K sold.
Based on aggregated 13F filings for Q3 2015.