Eaton Vance Municipal Income 2028 Term Trust
ETX
31 hedge funds and large institutions have $46.5M invested in Eaton Vance Municipal Income 2028 Term Trust in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 5 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
4% more capital invested
Capital invested by funds: $44.8M → $46.5M (+$1.7M)
0.61% less ownership
Funds ownership: 22.31% → 21.71% (-0.61%)
3% less funds holding
Funds holding: 32 → 31 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$1.49M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.2M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.05M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$899K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$586K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.85M |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$1.22M |
| 3 |
Cohen & Steers
New York
|
-$691K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$559K |
| 5 |
NPC
National Planning Corporation
El Segundo,
California
|
-$512K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
26
Ladenburg Thalmann Financial Services
Miami,
Florida
| $222K | -$7.62K | -397 | -3% |
|
|
TJHA
27
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $102K | +$99.6K | +5,186 | New |
|
|
NSIM
28
North Star Investment Management
Chicago,
Illinois
| $99K | – | – | – |
|
|
AIG
29
American International Group
New York
| $44K | – | – | – |
|
|
S
30
SignatureFD
Atlanta,
Georgia
| $30K | – | – | – |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| $3K | +$2.79K | +145 | New |
|
|
KIM
32
Karpus Investment Management
Pittsford,
New York
| – | -$3.85M | -208,364 | Closed |
|
|
FIMG
33
Financial & Investment Management Group
Traverse City,
Michigan
| – | -$1.22M | -65,858 | Closed |
|
|
LCM
34
Landscape Capital Management
Englewood,
New Jersey
| – | -$341K | -18,454 | Closed |
|
35
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$277K | -15,000 | Closed |
|
|
WAM
36
Wolverine Asset Management
Chicago,
Illinois
| – | -$5K | -306 | Closed |
|
ETX Hedge Fund Activity: Q1 2016 in Review
31 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 2016, worth a combined $46.5M — up 3.8% from $44.8M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of ETX and 4 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 11 added.
The largest buyer was Stifel Financial, opening a new position worth an estimated $1.49M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $3.85M sold.
- 31 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q1 2016, down from 32 in Q4 2015.
- Funds reported $46.5M of Eaton Vance Municipal Income 2028 Term Trust stock for Q1 2016, up 3.8% quarter-over-quarter.
- 4 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q1 2016 and 5 closed out, a net change of -1 holder.
- The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q1 2016 was Stifel Financial, an estimated $1.49M added.
- The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q1 2016 was Karpus Investment Management, an estimated $3.85M sold.
Based on aggregated 13F filings for Q1 2016.