Eaton Vance Municipal Income 2028 Term Trust
ETX
29 hedge funds and large institutions have $21.6M invested in Eaton Vance Municipal Income 2028 Term Trust in 2014 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 5 increasing their positions, 10 reducing their positions, and 3 closing their positions.
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
26% more funds holding
Funds holding: 23 → 29 (+6)
22% more capital invested
Capital invested by funds: $17.6M → $21.6M (+$3.95M)
1.53% more ownership
Funds ownership: 10.94% → 12.46% (+1.5%)
50% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.15M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.85M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.58M |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$671K |
| 5 |
LPL Financial
San Diego,
California
|
+$228K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.04M |
| 2 |
U
UBS
Zurich,
Switzerland
|
-$537K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$497K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$313K |
| 5 |
Jane Street
New York
|
-$167K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TJHA
26
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $18K | -$10.2K | -650 | -36% |
|
|
SFSIG
27
San Francisco Sentry Investment Group
San Francisco,
California
| $16K | +$15.6K | +1,000 | New |
|
|
TRCT
28
Tower Research Capital (TRC)
New York
| $3K | -$18.3K | -1,170 | -85% |
|
|
SIA
29
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$2.04M | -139,652 | Closed |
|
|
VKH
30
Virtu KCG Holdings
New York
| – | -$313K | -21,425 | Closed |
|
|
31
Jane Street
New York
| – | -$167K | -11,431 | Closed |
|
|
PCM
32
Prelude Capital Management
New York
| – | -$46.8K | -2,999 | -100% |
|
ETX Hedge Fund Activity: Q1 2014 in Review
29 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q1 2014, worth a combined $21.6M — up 22% from $17.6M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new ETX positions and 3 closed out — a net gain of 6 holders — while 5 added to existing stakes and 10 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $2.15M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $2.04M sold.
- 29 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q1 2014, up from 23 in Q4 2013.
- Funds reported $21.6M of Eaton Vance Municipal Income 2028 Term Trust stock for Q1 2014, up 22% quarter-over-quarter.
- 9 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q1 2014 and 3 closed out, a net change of +6 holders.
- The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q1 2014 was Morgan Stanley, an estimated $2.15M added.
- The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q1 2014 was Sit Investment Associates, an estimated $2.04M sold.
Based on aggregated 13F filings for Q1 2014.