Eaton Vance Municipal Income 2028 Term Trust
ETX
26 hedge funds and large institutions have $40.4M invested in Eaton Vance Municipal Income 2028 Term Trust in 2017 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 11 increasing their positions, 6 reducing their positions, and 4 closing their positions.
83% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 6
1.82% less ownership
Funds ownership: 20.89% → 19.06% (-1.8%)
9% less capital invested
Capital invested by funds: $44.3M → $40.4M (-$3.95M)
10% less funds holding
Funds holding: 29 → 26 (-3)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$339K |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$244K |
| 3 |
UR
USCA RIA
Houston,
Texas
|
+$193K |
| 4 |
Citigroup
New York
|
+$146K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$106K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.45M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.39M |
| 3 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
-$1.08M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$704K |
| 5 |
LPL Financial
San Diego,
California
|
-$223K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
JP Morgan Chase
New York
| $20K | +$19.4K | +1,000 | New |
|
|
PCP
27
Proficio Capital Partners
Newton,
Massachusetts
| – | -$1.08M | -54,889 | Closed |
|
|
28
LPL Financial
San Diego,
California
| – | -$223K | -11,266 | Closed |
|
|
AA
29
Ancora Advisors
Cleveland,
Ohio
| – | -$153K | -7,782 | Closed |
|
|
MBT
30
Montecito Bank & Trust
Santa Barbara,
California
| – | -$59K | -3,000 | Closed |
|
ETX Hedge Fund Activity: Q1 2017 in Review
26 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q1 2017, worth a combined $40.4M — down 8.9% from $44.3M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of ETX and 2 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 11 added.
The largest buyer was Morgan Stanley, adding an estimated $339K. The largest seller was Invesco, cutting an estimated $1.45M.
- 26 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q1 2017, down from 29 in Q4 2016.
- Funds reported $40.4M of Eaton Vance Municipal Income 2028 Term Trust stock for Q1 2017, down 8.9% quarter-over-quarter.
- 2 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q1 2017 and 4 closed out, a net change of -2 holders.
- The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q1 2017 was Morgan Stanley, an estimated $339K added.
- The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q1 2017 was Invesco, an estimated $1.45M sold.
Based on aggregated 13F filings for Q1 2017.