Eaton Vance Municipal Income 2028 Term Trust
ETX
34 hedge funds and large institutions have $34.8M invested in Eaton Vance Municipal Income 2028 Term Trust in 2014 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 5 increasing their positions, 10 reducing their positions, and 3 closing their positions.
267% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 3
26% more funds holding
Funds holding: 27 → 34 (+7)
10% more capital invested
Capital invested by funds: $31.6M → $34.8M (+$3.23M)
1.85% more ownership
Funds ownership: 16.5% → 18.35% (+1.9%)
50% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.17M |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$479K |
| 3 |
NPC
National Planning Corporation
El Segundo,
California
|
+$429K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$338K |
| 5 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$245K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$672K |
| 2 |
Morgan Stanley
New York
|
-$282K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$224K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$112K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$63K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
UR
26
USCA RIA
Houston,
Texas
| $175K | +$176K | +10,000 | New |
|
|
LTFS
27
Ladenburg Thalmann Financial Services
Miami,
Florida
| $155K | -$37.5K | -2,131 | -19% |
|
|
S
28
SignatureFD
Atlanta,
Georgia
| $105K | – | – | – |
|
29
Royal Bank of Canada
Toronto,
Ontario, Canada
| $56K | – | – | – |
|
|
WAM
30
Wolverine Asset Management
Chicago,
Illinois
| $49K | +$49.3K | +2,800 | New |
|
|
HCM
31
Horrell Capital Management
Little Rock,
Arkansas
| $40K | – | – | – |
|
|
AIG
32
American International Group
New York
| $26.3K | – | – | – |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| $2K | +$1.97K | +112 | New |
|
|
BRWA
34
B. Riley Wealth Advisors
Boca Raton,
Florida
| $30 | +$29.9K | +1,700 | New |
|
|
35
Ameriprise
Minneapolis,
Minnesota
| – | -$63K | -3,655 | Closed |
|
|
SFSIG
36
San Francisco Sentry Investment Group
San Francisco,
California
| – | -$17K | -1,000 | Closed |
|
|
TJHA
37
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$3K | -151 | Closed |
|
ETX Hedge Fund Activity: Q4 2014 in Review
34 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q4 2014, worth a combined $34.8M — up 10% from $31.6M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new ETX positions and 3 closed out — a net gain of 8 holders — while 5 added to existing stakes and 10 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $1.17M. The largest seller was Cohen & Steers, cutting an estimated $672K.
- 34 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q4 2014, up from 27 in Q3 2014.
- Funds reported $34.8M of Eaton Vance Municipal Income 2028 Term Trust stock for Q4 2014, up 10% quarter-over-quarter.
- 11 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q4 2014 and 3 closed out, a net change of +8 holders.
- The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q4 2014 was Advisors Asset Management, an estimated $1.17M added.
- The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q4 2014 was Cohen & Steers, an estimated $672K sold.
Based on aggregated 13F filings for Q4 2014.