Eaton Vance Municipal Income 2028 Term Trust
ETX
32 hedge funds and large institutions have $28.8M invested in Eaton Vance Municipal Income 2028 Term Trust in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 4 reducing their positions, and 2 closing their positions.
275% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 4
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
33% more capital invested
Capital invested by funds: $21.6M → $28.8M (+$7.18M)
10% more funds holding
Funds holding: 29 → 32 (+3)
3.01% more ownership
Funds ownership: 12.46% → 15.47% (+3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$1.61M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.21M |
| 3 |
Morgan Stanley
New York
|
+$1.11M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$696K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$400K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SMC
Smith, Moore & Co
Clayton,
Missouri
|
-$383K |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$269K |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$199K |
| 4 |
AWM
Avior Wealth Management
Omaha,
Nebraska
|
-$24K |
| 5 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$16.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIG
26
American International Group
New York
| $28.1K | – | – | – |
|
27
Ameriprise
Minneapolis,
Minnesota
| $28K | – | – | – |
|
|
TJHA
28
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $19K | – | – | – |
|
|
SFSIG
29
San Francisco Sentry Investment Group
San Francisco,
California
| $17K | – | – | – |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| $2K | -$1.65K | -100 | -50% |
|
|
GSC
31
Ground Swell Capital
Folly Beach,
South Carolina
| $1K | +$1.47K | +89 | New |
|
|
SMC
32
Smith, Moore & Co
Clayton,
Missouri
| – | -$383K | -24,435 | Closed |
|
|
AWM
33
Avior Wealth Management
Omaha,
Nebraska
| – | -$24K | -1,500 | Closed |
|
ETX Hedge Fund Activity: Q2 2014 in Review
32 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q2 2014, worth a combined $28.8M — up 33% from $21.6M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new ETX positions and 2 closed out — a net gain of 3 holders — while 15 added to existing stakes and 4 trimmed.
The largest buyer was Invesco, adding an estimated $1.61M. The largest seller was Smith, Moore & Co, exiting entirely with an estimated $383K sold.
- 32 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q2 2014, up from 29 in Q1 2014.
- Funds reported $28.8M of Eaton Vance Municipal Income 2028 Term Trust stock for Q2 2014, up 33% quarter-over-quarter.
- 5 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q2 2014 and 2 closed out, a net change of +3 holders.
- The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q2 2014 was Invesco, an estimated $1.61M added.
- The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q2 2014 was Smith, Moore & Co, an estimated $383K sold.
Based on aggregated 13F filings for Q2 2014.