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ETX

Eaton Vance Municipal Income 2028 Term Trust
ETX

34 hedge funds and large institutions have $41.5M invested in Eaton Vance Municipal Income 2028 Term Trust in 2019 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 10

1% more capital invested

Capital invested by funds: $40.9M → $41.5M (+$563K)

0.04% more ownership

Funds ownership: 17.43% → 17.47% (+0.04%)

3% less funds holding

Funds holding: 35 → 34 (-1)

20% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 5

Holders
34
Holders Change
-1
Holders Change %
-2.86%
% of All Funds
0.67%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
11
Reduced
10
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MFG
Merit Financial Group
Georgia
+$855K
2
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$500K
3
Wells Fargo
Wells Fargo
California
+$396K
4
AA
Ancora Advisors
Ohio
+$168K
5
Bank of America
Bank of America
North Carolina
+$132K

Top Sellers

Rank Fund Capital Flow
1
PAG
Private Advisor Group
New Jersey
-$866K
2
LPL Financial
LPL Financial
California
-$321K
3
Morgan Stanley
Morgan Stanley
New York
-$191K
4
UBS Group
UBS Group
Switzerland
-$173K
5
LTFS
Ladenburg Thalmann Financial Services
Florida
-$111K
Name Holding Trade Value Shares
Change 		Change in
Stake
LC
26
Lavaca Capital
Texas
$232K – – –
TP
27
Tranquility Partners
Tennessee
$229K +$2.23K +103 +1%
AA
28
Ancora Advisors
Ohio
$170K +$168K +7,782 New
SPIA
29
Steward Partners Investment Advisory
New York
$162K +$30.3K +1,400 +23%
AIM
30
Anchor Investment Management
South Carolina
$103K – – –
NSIM
31
North Star Investment Management
Illinois
$66K – – –
WCG
32
Weaver Consulting Group
California
$61K – – –
VFA
33
Valeo Financial Advisors
Indiana
$44K – – –
PNC Financial Services Group
34
PNC Financial Services Group
Pennsylvania
$8K +$8.01K +370 New
PAG
35
Private Advisor Group
New Jersey
– -$866K -39,953 Closed
LPL Financial
36
LPL Financial
California
– -$321K -14,826 Closed
AIC
37
Ameritas Investment Company
Nebraska
– -$43K -1,988 Closed
QCIG
38
Quad-Cities Investment Group
Iowa
– -$22K -1,005 Closed
GI
39
Gradient Investments
Minnesota
– -$6K -263 Closed
1
2

ETX Hedge Fund Activity: Q4 2019 in Review

34 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q4 2019, worth a combined $41.5M — up 1.4% from $40.9M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of ETX and 4 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 11 added.

The largest buyer was Merit Financial Group, opening a new position worth an estimated $855K. The largest seller was Private Advisor Group, exiting entirely with an estimated $866K sold.

  • 34 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q4 2019, down from 35 in Q3 2019.
  • Funds reported $41.5M of Eaton Vance Municipal Income 2028 Term Trust stock for Q4 2019, up 1.4% quarter-over-quarter.
  • 4 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q4 2019 and 5 closed out, a net change of -1 holder.
  • The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q4 2019 was Merit Financial Group, an estimated $855K added.
  • The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q4 2019 was Private Advisor Group, an estimated $866K sold.

Based on aggregated 13F filings for Q4 2019.