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ETX

Eaton Vance Municipal Income 2028 Term Trust
ETX

35 hedge funds and large institutions have $40.9M invested in Eaton Vance Municipal Income 2028 Term Trust in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 8 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 2

75% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 8

9% more funds holding

Funds holding: 32 → 35 (+3)

8% more capital invested

Capital invested by funds: $37.8M → $40.9M (+$3.18M)

0.48% more ownership

Funds ownership: 16.95% → 17.43% (+0.48%)

Holders
35
Holders Change
+3
Holders Change %
+9.38%
% of All Funds
0.77%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
14
Reduced
8
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$550K
2
SIG
Sargent Investment Group
Maryland
+$439K
3
Bank of America
Bank of America
North Carolina
+$427K
4
Wells Fargo
Wells Fargo
California
+$191K
5
WKWM
Walter & Keenan Wealth Management
Indiana
+$169K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$521K
2
UBS Group
UBS Group
Switzerland
-$165K
3
SWP
Stratos Wealth Partners
Ohio
-$91K
4
Citigroup
Citigroup
New York
-$83.9K
5
LTFS
Ladenburg Thalmann Financial Services
Florida
-$42.3K
Name Holding Trade Value Shares
Change 		Change in
Stake
LC
26
Lavaca Capital
Texas
$229K – – –
TP
27
Tranquility Partners
Tennessee
$225K +$2.18K +103 +1%
SPIA
28
Steward Partners Investment Advisory
New York
$130K +$34.4K +1,625 +37%
AIM
29
Anchor Investment Management
South Carolina
$102K – – –
NSIM
30
North Star Investment Management
Illinois
$65K +$63.5K +3,000 New
WCG
31
Weaver Consulting Group
California
$59K – – –
VFA
32
Valeo Financial Advisors
Indiana
$43K – – –
AIC
33
Ameritas Investment Company
Nebraska
$43K +$42.1K +1,988 New
QCIG
34
Quad-Cities Investment Group
Iowa
$22K +$190 +9 +0.9%
GI
35
Gradient Investments
Minnesota
$6K +$5.57K +263 New
AAM
36
Advisors Asset Management
Colorado
– -$521K -25,352 Closed
WAM
37
Wolverine Asset Management
Illinois
– -$34K -1,700 Closed
1
2

ETX Hedge Fund Activity: Q3 2019 in Review

35 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q3 2019, worth a combined $40.9M — up 8.4% from $37.8M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new ETX positions and 2 closed out — a net gain of 3 holders — while 14 added to existing stakes and 8 trimmed.

The largest buyer was Invesco, opening a new position worth an estimated $550K. The largest seller was Advisors Asset Management, exiting entirely with an estimated $521K sold.

  • 35 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q3 2019, up from 32 in Q2 2019.
  • Funds reported $40.9M of Eaton Vance Municipal Income 2028 Term Trust stock for Q3 2019, up 8.4% quarter-over-quarter.
  • 5 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q3 2019 and 2 closed out, a net change of +3 holders.
  • The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q3 2019 was Invesco, an estimated $550K added.
  • The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q3 2019 was Advisors Asset Management, an estimated $521K sold.

Based on aggregated 13F filings for Q3 2019.