Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
64 hedge funds and large institutions have $90M invested in Eaton Vance Risk-Managed Diversified Equity Income Fund in 2016 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 20 reducing their positions, and 16 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 20
7.16% less ownership
Funds ownership: 21.64% → 14.49% (-7.2%)
12% less funds holding
Funds holding: 73 → 64 (-9)
34% less capital invested
Capital invested by funds: $137M → $90M (-$46.5M)
56% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
IFP Advisors
Tampa,
Florida
|
+$2.42M |
| 2 |
Morgan Stanley
New York
|
+$963K |
| 3 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
+$471K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$382K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$378K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$28.8M |
| 2 |
RVPG
Relative Value Partners Group
|
-$9.51M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.06M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$1.34M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.19M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$108K | -11,407 | Closed |
|
77
Envestnet Asset Management
Chicago,
Illinois
| – | -$30K | -3,159 | Closed |
|
|
UFA
78
US Financial Advisors
Braintree,
Massachusetts
| – | -$17K | -1,825 | Closed |
|
|
TRCT
79
Tower Research Capital (TRC)
New York
| – | -$17K | -1,800 | Closed |
|
|
TF
80
Tompkins Financial
Ithaca,
New York
| – | -$3K | -270 | Closed |
|
ETJ Hedge Fund Activity: Q2 2016 in Review
64 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) for Q2 2016, worth a combined $90M — down 34% from $137M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of ETJ and 7 opened new positions — a net loss of 9 holders — while 20 trimmed existing stakes and 24 added.
The largest buyer was IFP Advisors, adding an estimated $2.42M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $28.8M sold.
- 64 institutional investors held Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) as of Q2 2016, down from 73 in Q1 2016.
- Funds reported $90M of Eaton Vance Risk-Managed Diversified Equity Income Fund stock for Q2 2016, down 34% quarter-over-quarter.
- 7 funds opened new Eaton Vance Risk-Managed Diversified Equity Income Fund positions in Q2 2016 and 16 closed out, a net change of -9 holders.
- The largest Eaton Vance Risk-Managed Diversified Equity Income Fund buyer in Q2 2016 was IFP Advisors, an estimated $2.42M added.
- The largest Eaton Vance Risk-Managed Diversified Equity Income Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $28.8M sold.
Based on aggregated 13F filings for Q2 2016.