Eaton Vance Municipal Income 2028 Term Trust
ETX
29 hedge funds and large institutions have $44.3M invested in Eaton Vance Municipal Income 2028 Term Trust in 2016 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
4% more funds holding
Funds holding: 28 → 29 (+1)
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
0.37% less ownership
Funds ownership: 21.25% → 20.89% (-0.37%)
9% less capital invested
Capital invested by funds: $48.7M → $44.3M (-$4.36M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$890K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$581K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$422K |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
+$376K |
| 5 |
UR
USCA RIA
Houston,
Texas
|
+$299K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.61M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$794K |
| 3 |
FWM
Frontier Wealth Management
Kansas City,
Missouri
|
-$699K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$361K |
| 5 |
Morgan Stanley
New York
|
-$341K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
US Bancorp
Minneapolis,
Minnesota
| $95K | +$94.8K | +4,850 | New |
|
|
MBT
27
Montecito Bank & Trust
Santa Barbara,
California
| $59K | +$58.6K | +3,000 | New |
|
|
AG
28
Advisor Group
Phoenix,
Arizona
| $40K | -$4.04K | -207 | -9% |
|
29
Citigroup
New York
| $20K | – | – | – |
|
|
FWM
30
Frontier Wealth Management
Kansas City,
Missouri
| – | -$699K | -33,010 | Closed |
|
|
JFA
31
JNBA Financial Advisors
Bloomington,
Minnesota
| – | -$32K | -1,517 | Closed |
|
|
S
32
SignatureFD
Atlanta,
Georgia
| – | -$32K | -1,517 | Closed |
|
|
PRS
33
Pinkerton Retirement Specialists
Coeur D Alene,
Idaho
| – | -$24K | -1,148 | Closed |
|
ETX Hedge Fund Activity: Q4 2016 in Review
29 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q4 2016, worth a combined $44.3M — down 9% from $48.7M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new ETX positions and 4 closed out — a net gain of 1 holder — while 8 added to existing stakes and 8 trimmed.
The largest buyer was Bank of America, adding an estimated $890K. The largest seller was Wells Fargo, cutting an estimated $1.61M.
- 29 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q4 2016, up from 28 in Q3 2016.
- Funds reported $44.3M of Eaton Vance Municipal Income 2028 Term Trust stock for Q4 2016, down 9% quarter-over-quarter.
- 5 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q4 2016 and 4 closed out, a net change of +1 holder.
- The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q4 2016 was Bank of America, an estimated $890K added.
- The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q4 2016 was Wells Fargo, an estimated $1.61M sold.
Based on aggregated 13F filings for Q4 2016.