Eaton Vance Municipal Income 2028 Term Trust
ETX
32 hedge funds and large institutions have $44.8M invested in Eaton Vance Municipal Income 2028 Term Trust in 2015 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 3 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 8
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
12% more capital invested
Capital invested by funds: $40M → $44.8M (+$4.74M)
3% more funds holding
Funds holding: 31 → 32 (+1)
1.09% more ownership
Funds ownership: 21.22% → 22.31% (+1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$629K |
| 2 |
Invesco
Atlanta,
Georgia
|
+$622K |
| 3 |
NPC
National Planning Corporation
El Segundo,
California
|
+$472K |
| 4 |
KAM
Keeley Asset Management
Chicago,
Illinois
|
+$430K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$422K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.32M |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$369K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$162K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$119K |
| 5 |
Citigroup
New York
|
-$90.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TF
26
Trutina Financial
Bellevue,
Washington
| $257K | +$24.8K | +1,400 | +11% |
|
|
LTFS
27
Ladenburg Thalmann Financial Services
Miami,
Florida
| $214K | +$32.4K | +1,831 | +19% |
|
|
28
Citigroup
New York
| $157K | -$90.3K | -5,100 | -38% |
|
|
NSIM
29
North Star Investment Management
Chicago,
Illinois
| $92K | – | – | – |
|
|
AIG
30
American International Group
New York
| $42K | – | – | – |
|
|
S
31
SignatureFD
Atlanta,
Georgia
| $28K | – | – | – |
|
|
WAM
32
Wolverine Asset Management
Chicago,
Illinois
| $5K | +$5.42K | +306 | New |
|
|
MCTP
33
MPAM Credit Trading Partners
Cleveland,
Ohio
| – | -$443K | -25,568 | Closed |
|
|
RCM
34
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$162K | -9,329 | Closed |
|
|
HCM
35
Horrell Capital Management
Little Rock,
Arkansas
| – | -$40K | -2,290 | Closed |
|
ETX Hedge Fund Activity: Q4 2015 in Review
32 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q4 2015, worth a combined $44.8M — up 12% from $40M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new ETX positions and 3 closed out — a net gain of 1 holder — while 13 added to existing stakes and 8 trimmed.
The largest buyer was Deutsche Bank, adding an estimated $629K. The largest seller was Morgan Stanley, cutting an estimated $1.32M.
- 32 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q4 2015, up from 31 in Q3 2015.
- Funds reported $44.8M of Eaton Vance Municipal Income 2028 Term Trust stock for Q4 2015, up 12% quarter-over-quarter.
- 4 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q4 2015 and 3 closed out, a net change of +1 holder.
- The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q4 2015 was Deutsche Bank, an estimated $629K added.
- The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q4 2015 was Morgan Stanley, an estimated $1.32M sold.
Based on aggregated 13F filings for Q4 2015.