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ETX

Eaton Vance Municipal Income 2028 Term Trust
ETX

37 hedge funds and large institutions have $37.5M invested in Eaton Vance Municipal Income 2028 Term Trust in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 6 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

183% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 6

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

9% more funds holding

Funds holding: 34 → 37 (+3)

1% more capital invested

Capital invested by funds: $37M → $37.5M (+$472K)

0.22% less ownership

Funds ownership: 17.15% → 16.93% (-0.22%)

Holders
37
Holders Change
+3
Holders Change %
+8.82%
% of All Funds
0.76%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
17
Reduced
6
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WKWM
Walter & Keenan Wealth Management
Indiana
+$1.95M
2
SPIA
Steward Partners Investment Advisory
New York
+$430K
3
Morgan Stanley
Morgan Stanley
New York
+$379K
4
Invesco
Invesco
Georgia
+$280K
5
ASN
Advisory Services Network
Georgia
+$280K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$3.25M
2
Stifel Financial
Stifel Financial
Missouri
-$310K
3
Osaic Holdings
Osaic Holdings
Arizona
-$301K
4
UR
USCA RIA
Texas
-$280K
5
LC
Lavaca Capital
Texas
-$210K
Name Holding Trade Value Shares
Change 		Change in
Stake
ASN
26
Advisory Services Network
Georgia
$285K +$280K +13,979 New
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$273K +$20K +1,000 +8%
TP
28
Tranquility Partners
Tennessee
$218K +$2.18K +109 +1%
RJT
29
Raymond James Trust
Florida
$201K +$197K +9,868 New
AA
30
Ancora Advisors
Ohio
$159K – – –
AIM
31
Anchor Investment Management
South Carolina
$112K – – –
NSIM
32
North Star Investment Management
Illinois
$61K – – –
VFA
33
Valeo Financial Advisors
Indiana
$41K – – –
Northwestern Mutual Wealth Management
34
Northwestern Mutual Wealth Management
Wisconsin
$30K +$29.3K +1,466 New
SFS
35
Sowell Financial Services
Arkansas
$20K +$20K +1,000 New
PAG
36
Private Advisor Group
New Jersey
$11K +$11.2K +562 New
PNC Financial Services Group
37
PNC Financial Services Group
Pennsylvania
$8K – – –
LC
38
Lavaca Capital
Texas
– -$210K -10,578 Closed
FIA
39
FNY Investment Advisers
New York
– -$52K -2,637 Closed
AIC
40
Ameritas Investment Company
Nebraska
– -$39K -1,988 Closed
1
2

ETX Hedge Fund Activity: Q2 2020 in Review

37 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q2 2020, worth a combined $37.5M — up 1.3% from $37M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new ETX positions and 3 closed out — a net gain of 3 holders — while 17 added to existing stakes and 6 trimmed.

The largest buyer was Walter & Keenan Wealth Management, opening a new position worth an estimated $1.95M. The largest seller was Bank of America, cutting an estimated $3.25M.

  • 37 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q2 2020, up from 34 in Q1 2020.
  • Funds reported $37.5M of Eaton Vance Municipal Income 2028 Term Trust stock for Q2 2020, up 1.3% quarter-over-quarter.
  • 6 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q2 2020 and 3 closed out, a net change of +3 holders.
  • The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q2 2020 was Walter & Keenan Wealth Management, an estimated $1.95M added.
  • The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q2 2020 was Bank of America, an estimated $3.25M sold.

Based on aggregated 13F filings for Q2 2020.