Eaton Vance Michigan Municipal Income Trust
EMI was delisted on the 14th of December, 2018.
14 hedge funds and large institutions have $4.4M invested in Eaton Vance Michigan Municipal Income Trust in 2017 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 3 reducing their positions, and 2 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 3
6% less capital invested
Capital invested by funds: $4.68M → $4.4M (-$277K)
7% less funds holding
Funds holding: 15 → 14 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$127K |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$100K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$24K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$22.4K |
| 5 |
Morgan Stanley
New York
|
+$20.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$325K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$122K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$16.2K |
| 4 |
PVWM
Point View Wealth Management
Summit,
New Jersey
|
-$8.58K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
-$2K |
EMI Hedge Fund Activity: Q3 2017 in Review
14 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Michigan Municipal Income Trust (EMI) for Q3 2017, worth a combined $4.4M — down 5.9% from $4.68M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of EMI and 1 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 5 added.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $127K. The largest seller was Matisse Capital, exiting entirely with an estimated $325K sold.
- 14 institutional investors held Eaton Vance Michigan Municipal Income Trust (EMI) as of Q3 2017, down from 15 in Q2 2017.
- Funds reported $4.4M of Eaton Vance Michigan Municipal Income Trust stock for Q3 2017, down 5.9% quarter-over-quarter.
- 1 fund opened new Eaton Vance Michigan Municipal Income Trust positions in Q3 2017 and 2 closed out, a net change of -1 holder.
- The largest Eaton Vance Michigan Municipal Income Trust buyer in Q3 2017 was Wolverine Asset Management, an estimated $127K added.
- The largest Eaton Vance Michigan Municipal Income Trust seller in Q3 2017 was Matisse Capital, an estimated $325K sold.
Based on aggregated 13F filings for Q3 2017.