Eaton Vance Municipal Income 2028 Term Trust
ETX
31 hedge funds and large institutions have $36.5M invested in Eaton Vance Municipal Income 2028 Term Trust in 2019 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 6 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
6% more capital invested
Capital invested by funds: $34.6M → $36.5M (+$1.91M)
0.01% less ownership
Funds ownership: 16.75% → 16.74% (-0.01%)
9% less funds holding
Funds holding: 34 → 31 (-3)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$2.71M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$236K |
| 3 |
WKWM
Walter & Keenan Wealth Management
Souh Bend,
Indiana
|
+$217K |
| 4 |
UR
USCA RIA
Houston,
Texas
|
+$155K |
| 5 |
VanEck Associates
New York
|
+$150K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.05M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$802K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$561K |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$401K |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
-$168K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIM
26
Anchor Investment Management
Columbia,
South Carolina
| $94.8K | +$69.1K | +3,500 | +292% |
|
|
WAM
27
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| $71K | +$533 | +27 | +0.8% |
|
|
NSIM
28
North Star Investment Management
Chicago,
Illinois
| $60K | – | – | – |
|
|
WCG
29
Weaver Consulting Group
Huntington Beach,
California
| $58K | +$55.3K | +2,800 | New |
|
|
VFA
30
Valeo Financial Advisors
Carmel,
Indiana
| $40K | – | – | – |
|
|
QCIG
31
Quad-Cities Investment Group
Davenport,
Iowa
| $19K | +$198 | +10 | +1% |
|
|
32
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$802K | -42,000 | Closed |
|
|
MIG
33
Mariner Investment Group
Harrison,
New York
| – | -$401K | -20,984 | Closed |
|
|
AIC
34
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$38K | -1,988 | Closed |
|
|
S
35
SignatureFD
Atlanta,
Georgia
| – | -$29K | -1,517 | Closed |
|
36
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$19K | -1,000 | Closed |
|
ETX Hedge Fund Activity: Q1 2019 in Review
31 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q1 2019, worth a combined $36.5M — up 5.5% from $34.6M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of ETX and 3 opened new positions — a net loss of 3 holders — while 10 trimmed existing stakes and 12 added.
The largest buyer was Eaton Vance Management, opening a new position worth an estimated $2.71M. The largest seller was UBS Group, cutting an estimated $1.05M.
- 31 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q1 2019, down from 34 in Q4 2018.
- Funds reported $36.5M of Eaton Vance Municipal Income 2028 Term Trust stock for Q1 2019, up 5.5% quarter-over-quarter.
- 3 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q1 2019 and 6 closed out, a net change of -3 holders.
- The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q1 2019 was Eaton Vance Management, an estimated $2.71M added.
- The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q1 2019 was UBS Group, an estimated $1.05M sold.
Based on aggregated 13F filings for Q1 2019.