Eaton Vance Municipal Income 2028 Term Trust
ETX
28 hedge funds and large institutions have $48.7M invested in Eaton Vance Municipal Income 2028 Term Trust in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 7 reducing their positions, and 5 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 7
0.61% less ownership
Funds ownership: 21.86% → 21.25% (-0.61%)
3% less capital invested
Capital invested by funds: $50.3M → $48.7M (-$1.58M)
10% less funds holding
Funds holding: 31 → 28 (-3)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$1.87M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.23M |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
+$686K |
| 4 |
WKWM
Walter & Keenan Wealth Management
Souh Bend,
Indiana
|
+$593K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$247K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.86M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.57M |
| 4 |
Citigroup
New York
|
-$169K |
| 5 |
Morgan Stanley
New York
|
-$129K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JFA
26
JNBA Financial Advisors
Bloomington,
Minnesota
| $32K | +$32.1K | +1,517 | New |
|
|
PRS
27
Pinkerton Retirement Specialists
Coeur D Alene,
Idaho
| $24K | +$24.3K | +1,148 | New |
|
|
28
Citigroup
New York
| $21K | -$169K | -8,000 | -89% |
|
|
RCM
29
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$2M | -94,160 | Closed |
|
|
30
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$1.57M | -74,130 | Closed |
|
|
TJHA
31
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$110K | -5,186 | Closed |
|
|
TRCT
32
Tower Research Capital (TRC)
New York
| – | -$5K | -250 | Closed |
|
|
CFG
33
Citizens Financial Group
Providence,
Rhode Island
| – | -$1K | -39 | Closed |
|
ETX Hedge Fund Activity: Q3 2016 in Review
28 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q3 2016, worth a combined $48.7M — down 3.1% from $50.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of ETX and 3 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 12 added.
The largest buyer was Mackay Shields LLC, opening a new position worth an estimated $1.87M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $2M sold.
- 28 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q3 2016, down from 31 in Q2 2016.
- Funds reported $48.7M of Eaton Vance Municipal Income 2028 Term Trust stock for Q3 2016, down 3.1% quarter-over-quarter.
- 3 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q3 2016 and 5 closed out, a net change of -2 holders.
- The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q3 2016 was Mackay Shields LLC, an estimated $1.87M added.
- The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q3 2016 was Robinson Capital Management, an estimated $2M sold.
Based on aggregated 13F filings for Q3 2016.