Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
72 hedge funds and large institutions have $79.3M invested in Eaton Vance Risk-Managed Diversified Equity Income Fund in 2019 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 26 increasing their positions, 20 reducing their positions, and 16 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 20
3.94% less ownership
Funds ownership: 17.48% → 13.55% (-3.9%)
10% less funds holding
Funds holding: 80 → 72 (-8)
12% less capital invested
Capital invested by funds: $90.4M → $79.3M (-$11.1M)
50% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$2.07M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.85M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.62M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.55M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$711K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$17.7M |
| 2 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$7.52M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.61M |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
-$1.43M |
| 5 |
HI
HBK Investments
Dallas,
Texas
|
-$623K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LCM
76
Landscape Capital Management
Englewood,
New Jersey
| – | -$309K | -38,099 | Closed |
|
|
CA
77
Cornerstone Advisors
Asheville,
North Carolina
| – | -$278K | -34,200 | Closed |
|
78
Bank of Nova Scotia
Toronto,
Ontario, Canada
| – | -$238K | -29,287 | Closed |
|
|
RVPG
79
Relative Value Partners Group
| – | -$181K | -22,300 | Closed |
|
|
AGM
80
Alpine Global Management
New York
| – | -$173K | -21,269 | Closed |
|
|
WAM
81
Wolverine Asset Management
Chicago,
Illinois
| – | -$161K | -19,913 | Closed |
|
|
AIC
82
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$62K | -7,577 | Closed |
|
|
RFC
83
Regions Financial Corp
Birmingham,
Alabama
| – | -$35K | -4,325 | Closed |
|
|
NFG
84
Next Financial Group
Houston,
Texas
| – | -$27K | -3,381 | Closed |
|
|
MOS
85
MGO One Seven
Beachwood,
Ohio
| – | -$21K | -2,665 | Closed |
|
|
AWM
86
Avior Wealth Management
Omaha,
Nebraska
| – | -$4K | -522 | Closed |
|
|
RCAG
87
Rehmann Capital Advisory Group
Lansing,
Michigan
| – | -$860 | -106 | Closed |
|
88
Fidelity Investments
Boston,
Massachusetts
| – | +$18 | +2 | New |
|
ETJ Hedge Fund Activity: Q1 2019 in Review
72 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) for Q1 2019, worth a combined $79.3M — down 12% from $90.4M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of ETJ and 8 opened new positions — a net loss of 8 holders — while 20 trimmed existing stakes and 26 added.
The largest buyer was Millennium Management, adding an estimated $2.07M. The largest seller was UBS Group, cutting an estimated $17.7M.
- 72 institutional investors held Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) as of Q1 2019, down from 80 in Q4 2018.
- Funds reported $79.3M of Eaton Vance Risk-Managed Diversified Equity Income Fund stock for Q1 2019, down 12% quarter-over-quarter.
- 8 funds opened new Eaton Vance Risk-Managed Diversified Equity Income Fund positions in Q1 2019 and 16 closed out, a net change of -8 holders.
- The largest Eaton Vance Risk-Managed Diversified Equity Income Fund buyer in Q1 2019 was Millennium Management, an estimated $2.07M added.
- The largest Eaton Vance Risk-Managed Diversified Equity Income Fund seller in Q1 2019 was UBS Group, an estimated $17.7M sold.
Based on aggregated 13F filings for Q1 2019.