Eaton Vance Tax-Managed Buy-Write Income Fund
ETB
55 hedge funds and large institutions have $75.1M invested in Eaton Vance Tax-Managed Buy-Write Income Fund in 2019 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 23 increasing their positions, 14 reducing their positions, and 7 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 14
13% more capital invested
Capital invested by funds: $66.3M → $75.1M (+$8.77M)
0.46% less ownership
Funds ownership: 18.57% → 18.11% (-0.46%)
2% less funds holding
Funds holding: 56 → 55 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.02M |
| 2 |
Morgan Stanley
New York
|
+$872K |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$699K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$613K |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$452K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.96M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.4M |
| 3 |
AGM
Alpine Global Management
New York
|
-$648K |
| 4 |
ST
Spinnaker Trust
Portland,
Maine
|
-$617K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
-$583K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ASN
51
Advisory Services Network
Atlanta,
Georgia
| $8K | – | – | – |
|
|
FDCDDQ
52
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $7.81K | – | – | – |
|
|
FHA
53
Flagship Harbor Advisors
Boston,
Massachusetts
| $5K | – | – | – |
|
54
US Bancorp
Minneapolis,
Minnesota
| $5K | +$5.05K | +340 | New |
|
|
LFA
55
Legacy Financial Advisors
Covington,
Kentucky
| $1K | – | – | – |
|
|
KIM
56
Karpus Investment Management
Pittsford,
New York
| – | -$1.96M | -145,815 | Closed |
|
|
WAM
57
Wolverine Asset Management
Chicago,
Illinois
| – | -$1.4M | -104,156 | Closed |
|
|
AGM
58
Alpine Global Management
New York
| – | -$648K | -48,173 | Closed |
|
|
SFS
59
Shaker Financial Services
Arlington,
Virginia
| – | -$561K | -41,747 | Closed |
|
|
WAM
60
Weiss Asset Management
Boston,
Massachusetts
| – | -$431K | -32,017 | Closed |
|
61
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$152K | -11,323 | Closed |
|
ETB Hedge Fund Activity: Q1 2019 in Review
55 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) for Q1 2019, worth a combined $75.1M — up 13% from $66.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of ETB and 6 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 23 added.
The largest buyer was UBS Group, adding an estimated $1.02M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $1.96M sold.
- 55 institutional investors held Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) as of Q1 2019, down from 56 in Q4 2018.
- Funds reported $75.1M of Eaton Vance Tax-Managed Buy-Write Income Fund stock for Q1 2019, up 13% quarter-over-quarter.
- 6 funds opened new Eaton Vance Tax-Managed Buy-Write Income Fund positions in Q1 2019 and 7 closed out, a net change of -1 holder.
- The largest Eaton Vance Tax-Managed Buy-Write Income Fund buyer in Q1 2019 was UBS Group, an estimated $1.02M added.
- The largest Eaton Vance Tax-Managed Buy-Write Income Fund seller in Q1 2019 was Karpus Investment Management, an estimated $1.96M sold.
Based on aggregated 13F filings for Q1 2019.