Eaton Vance Michigan Municipal Income Trust
EMI was delisted on the 14th of December, 2018.
12 hedge funds and large institutions have $4.28M invested in Eaton Vance Michigan Municipal Income Trust in 2016 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 5 reducing their positions, and 1 closing their positions.
4% more capital invested
Capital invested by funds: $4.11M → $4.28M (+$171K)
0% more funds holding
Funds holding: 12 → 12 (0)
0% more first-time investments, than exits
New positions opened: 1 | Existing positions closed: 1
40% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$53.3K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$20.6K |
| 3 |
Morgan Stanley
New York
|
+$15.1K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$707 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$52.1K |
| 2 |
PVWM
Point View Wealth Management
Summit,
New Jersey
|
-$35.3K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$17.8K |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$13.3K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.33K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KIM
1
Karpus Investment Management
Pittsford,
New York
| $1.71M | +$53.3K | +3,996 | +3% |
|
|
FIMG
2
Financial & Investment Management Group
Traverse City,
Michigan
| $1.49M | -$13.3K | -1,000 | -0.9% |
|
|
PVWM
3
Point View Wealth Management
Summit,
New Jersey
| $474K | -$35.3K | -2,646 | -7% |
|
|
DA
4
Doliver Advisors
Houston,
Texas
| $292K | -$17.8K | -1,330 | -6% |
|
|
5
Wells Fargo
San Francisco,
California
| $96K | -$1.33K | -100 | -1% |
|
|
6
Morgan Stanley
New York
| $63K | +$15.1K | +1,130 | +33% |
|
|
7
UBS Group
Zurich,
Switzerland
| $52K | -$52.1K | -3,903 | -51% |
|
|
WAM
8
Wolverine Asset Management
Chicago,
Illinois
| $50K | +$20.6K | +1,542 | +72% |
|
9
Bank of America
Charlotte,
North Carolina
| $37K | – | – | – |
|
10
Creative Planning
Overland Park,
Kansas
| $12K | – | – | – |
|
11
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $6K | – | – | – |
|
|
TRCT
12
Tower Research Capital (TRC)
New York
| $1K | +$707 | +53 | New |
|
|
IA
13
IFP Advisors
Tampa,
Florida
| – | -$1K | -100 | Closed |
|
EMI Hedge Fund Activity: Q1 2016 in Review
12 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Michigan Municipal Income Trust (EMI) for Q1 2016, worth a combined $4.28M — up 4.2% from $4.11M a quarter earlier.
Fund positioning in EMI was balanced in Q1 2016: 1 fund opened new positions, 1 closed out, 3 added to existing stakes and 5 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $53.3K. The largest seller was UBS Group, cutting an estimated $52.1K.
- 12 institutional investors held Eaton Vance Michigan Municipal Income Trust (EMI) as of Q1 2016, unchanged from Q4 2015.
- Funds reported $4.28M of Eaton Vance Michigan Municipal Income Trust stock for Q1 2016, up 4.2% quarter-over-quarter.
- 1 fund opened new Eaton Vance Michigan Municipal Income Trust positions in Q1 2016 and 1 closed out, a net change of 0 holders.
- The largest Eaton Vance Michigan Municipal Income Trust buyer in Q1 2016 was Karpus Investment Management, an estimated $53.3K added.
- The largest Eaton Vance Michigan Municipal Income Trust seller in Q1 2016 was UBS Group, an estimated $52.1K sold.
Based on aggregated 13F filings for Q1 2016.