Eaton Vance Municipal Income 2028 Term Trust
ETX
34 hedge funds and large institutions have $37M invested in Eaton Vance Municipal Income 2028 Term Trust in 2020 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
0% more funds holding
Funds holding: 34 → 34 (0)
0.32% less ownership
Funds ownership: 17.47% → 17.15% (-0.32%)
11% less capital invested
Capital invested by funds: $41.5M → $37M (-$4.52M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3.58M |
| 2 |
ST
Sentinel Trust
Houston,
Texas
|
+$442K |
| 3 |
LPL Financial
San Diego,
California
|
+$342K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$247K |
| 5 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$212K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WKWM
Walter & Keenan Wealth Management
Souh Bend,
Indiana
|
-$1.91M |
| 2 |
MSL
Mackay Shields LLC
New York
|
-$1.81M |
| 3 |
Morgan Stanley
New York
|
-$1.26M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$542K |
| 5 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$167K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TP
26
Tranquility Partners
Brentwood,
Tennessee
| $210K | +$2.24K | +107 | +1% |
|
|
SPIA
27
Steward Partners Investment Advisory
New York
| $192K | +$47.2K | +2,250 | +30% |
|
|
AA
28
Ancora Advisors
Cleveland,
Ohio
| $155K | – | – | – |
|
|
AIM
29
Anchor Investment Management
Columbia,
South Carolina
| $109K | +$16.8K | +800 | +17% |
|
|
NSIM
30
North Star Investment Management
Chicago,
Illinois
| $60K | – | – | – |
|
|
FIA
31
FNY Investment Advisers
New York
| $52K | +$55.3K | +2,637 | New |
|
|
VFA
32
Valeo Financial Advisors
Carmel,
Indiana
| $41K | – | – | – |
|
|
AIC
33
Ameritas Investment Company
Lincoln,
Nebraska
| $39K | +$41.7K | +1,988 | New |
|
34
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $7K | – | – | – |
|
|
WKWM
35
Walter & Keenan Wealth Management
Souh Bend,
Indiana
| – | -$1.91M | -87,000 | Closed |
|
|
MSL
36
Mackay Shields LLC
New York
| – | -$1.81M | -82,787 | Closed |
|
|
WCG
37
Weaver Consulting Group
Huntington Beach,
California
| – | -$61K | -2,800 | Closed |
|
ETX Hedge Fund Activity: Q1 2020 in Review
34 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q1 2020, worth a combined $37M — down 11% from $41.5M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new ETX positions and 3 closed out — a net gain of 2 holders — while 12 added to existing stakes and 10 trimmed.
The largest buyer was Bank of America, adding an estimated $3.58M. The largest seller was Walter & Keenan Wealth Management, exiting entirely with an estimated $1.91M sold.
- 34 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q1 2020, unchanged from Q4 2019.
- Funds reported $37M of Eaton Vance Municipal Income 2028 Term Trust stock for Q1 2020, down 11% quarter-over-quarter.
- 5 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q1 2020 and 3 closed out, a net change of +2 holders.
- The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q1 2020 was Bank of America, an estimated $3.58M added.
- The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q1 2020 was Walter & Keenan Wealth Management, an estimated $1.91M sold.
Based on aggregated 13F filings for Q1 2020.