Eaton Vance Municipal Income 2028 Term Trust
ETX
32 hedge funds and large institutions have $38.1M invested in Eaton Vance Municipal Income 2028 Term Trust in 2015 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 12 reducing their positions, and 5 closing their positions.
9% more capital invested
Capital invested by funds: $34.8M → $38.1M (+$3.27M)
1.3% more ownership
Funds ownership: 18.35% → 19.65% (+1.3%)
8% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 12
6% less funds holding
Funds holding: 34 → 32 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAM
PT Asset Management
Chicago,
Illinois
|
+$1.93M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.07M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$637K |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$592K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$484K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$759K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$743K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$705K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$477K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$336K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
26
Ladenburg Thalmann Financial Services
Miami,
Florida
| $187K | +$29.4K | +1,651 | +19% |
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| $179K | +$123K | +6,900 | +218% |
|
|
S
28
SignatureFD
Atlanta,
Georgia
| $57K | -$49.8K | -2,797 | -47% |
|
|
HCM
29
Horrell Capital Management
Little Rock,
Arkansas
| $41K | – | – | – |
|
|
AIG
30
American International Group
New York
| $40.1K | +$13.4K | +753 | +50% |
|
31
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $30K | +$29.4K | +1,650 | New |
|
|
TC
32
TFS Capital
West Chester,
Pennsylvania
| – | -$477K | -27,228 | Closed |
|
|
LCM
33
Landscape Capital Management
Englewood,
New Jersey
| – | -$336K | -19,208 | Closed |
|
34
HighTower Advisors
Chicago,
Illinois
| – | -$197K | -11,250 | Closed |
|
|
WAM
35
Wolverine Asset Management
Chicago,
Illinois
| – | -$49K | -2,800 | Closed |
|
|
BRWA
36
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$30 | -1,700 | Closed |
|
|
TRCT
37
Tower Research Capital (TRC)
New York
| – | -$1.5K | -84 | -75% |
|
ETX Hedge Fund Activity: Q1 2015 in Review
32 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q1 2015, worth a combined $38.1M — up 9.4% from $34.8M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of ETX and 3 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 13 added.
The largest buyer was PT Asset Management, adding an estimated $1.93M. The largest seller was Wells Fargo, cutting an estimated $759K.
- 32 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q1 2015, down from 34 in Q4 2014.
- Funds reported $38.1M of Eaton Vance Municipal Income 2028 Term Trust stock for Q1 2015, up 9.4% quarter-over-quarter.
- 3 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q1 2015 and 5 closed out, a net change of -2 holders.
- The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q1 2015 was PT Asset Management, an estimated $1.93M added.
- The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q1 2015 was Wells Fargo, an estimated $759K sold.
Based on aggregated 13F filings for Q1 2015.