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EMI

Eaton Vance Michigan Municipal Income Trust
EMI

Delisted

EMI was delisted on the 14th of December, 2018.

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13 hedge funds and large institutions have $4.09M invested in Eaton Vance Michigan Municipal Income Trust in 2016 Q4 according to their latest regulatory filings, with 0 funds opening new positions, 4 increasing their positions, 3 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 3

5% less capital invested

Capital invested by funds: $4.3M → $4.09M (-$214K)

19% less funds holding

Funds holding: 16 → 13 (-3)

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 3

Holders
13
Holders Change
-3
Holders Change %
-18.75%
% of All Funds
0.33%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
–
Increased
4
Reduced
3
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$357K
2
PVWM
Point View Wealth Management
New Jersey
+$148K
3
Wells Fargo
Wells Fargo
California
+$48.7K
4
DA
Doliver Advisors
Texas
+$434

Top Sellers

Rank Fund Capital Flow
1
NGA
Naples Global Advisors
Florida
-$218K
2
UBS Group
UBS Group
Switzerland
-$105K
3
KIM
Karpus Investment Management
New York
-$25.9K
4
FIMG
Financial & Investment Management Group
Michigan
-$19.7K
5
WAM
Wolverine Asset Management
Illinois
-$11K
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
1
Karpus Investment Management
New York
$1.36M -$25.9K -1,966 -2%
FIMG
2
Financial & Investment Management Group
Michigan
$1.17M -$19.7K -1,500 -2%
PVWM
3
Point View Wealth Management
New Jersey
$578K +$148K +11,264 +33%
Morgan Stanley
4
Morgan Stanley
New York
$408K +$357K +27,135 +593%
DA
5
Doliver Advisors
Texas
$258K +$434 +33 +0.2%
Wells Fargo
6
Wells Fargo
California
$182K +$48.7K +3,700 +35%
LTFS
7
Ladenburg Thalmann Financial Services
Florida
$45K – – –
Bank of America
8
Bank of America
North Carolina
$35K – – –
UBS Group
9
UBS Group
Switzerland
$24K -$105K -7,964 -81%
Creative Planning
10
Creative Planning
Kansas
$11K – – –
PNC Financial Services Group
11
PNC Financial Services Group
Pennsylvania
$5K – – –
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$3K – – –
IA
13
IFP Advisors
Florida
$1K – – –
NGA
14
Naples Global Advisors
Florida
– -$218K -15,400 Closed
WAM
15
Wolverine Asset Management
Illinois
– -$11K -800 Closed
TRCT
16
Tower Research Capital (TRC)
New York
– -$4K -301 Closed

EMI Hedge Fund Activity: Q4 2016 in Review

13 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Michigan Municipal Income Trust (EMI) for Q4 2016, worth a combined $4.09M — down 5% from $4.3M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of EMI and 0 opened new positions — a net loss of 3 holders — while 3 trimmed existing stakes and 4 added.

The largest buyer was Morgan Stanley, adding an estimated $357K. The largest seller was Naples Global Advisors, exiting entirely with an estimated $218K sold.

  • 13 institutional investors held Eaton Vance Michigan Municipal Income Trust (EMI) as of Q4 2016, down from 16 in Q3 2016.
  • Funds reported $4.09M of Eaton Vance Michigan Municipal Income Trust stock for Q4 2016, down 5% quarter-over-quarter.
  • 0 funds opened new Eaton Vance Michigan Municipal Income Trust positions in Q4 2016 and 3 closed out, a net change of -3 holders.
  • The largest Eaton Vance Michigan Municipal Income Trust buyer in Q4 2016 was Morgan Stanley, an estimated $357K added.
  • The largest Eaton Vance Michigan Municipal Income Trust seller in Q4 2016 was Naples Global Advisors, an estimated $218K sold.

Based on aggregated 13F filings for Q4 2016.