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ETX

Eaton Vance Municipal Income 2028 Term Trust
ETX

42 hedge funds and large institutions have $39.3M invested in Eaton Vance Municipal Income 2028 Term Trust in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 14 increasing their positions, 17 reducing their positions, and 0 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more funds holding

Funds holding: 39 → 42 (+3)

0.26% less ownership

Funds ownership: 20.77% → 20.51% (-0.26%)

1% less capital invested

Capital invested by funds: $39.8M → $39.3M (-$517K)

18% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 17

Holders
42
Holders Change
+3
Holders Change %
+7.69%
% of All Funds
0.66%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
14
Reduced
17
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$837K
2
UBS Group
UBS Group
Switzerland
+$695K
3
Millennium Management
Millennium Management
New York
+$472K
4
Cohen & Steers
Cohen & Steers
New York
+$369K
5
Invesco
Invesco
Georgia
+$341K

Top Sellers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
-$1.31M
2
XF
XML Financial
Maryland
-$843K
3
SPIA
Steward Partners Investment Advisory
New York
-$534K
4
MFG
Merit Financial Group
Georgia
-$349K
5
ST
Sentinel Trust
Texas
-$268K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$345K +$100K +5,577 +40%
MFG
27
Merit Financial Group
Georgia
$321K -$349K -19,422 -52%
Ameriprise
28
Ameriprise
Minnesota
$292K +$41.4K +2,302 +16%
RJA
29
Raymond James & Associates
Florida
$289K +$56.4K +3,138 +24%
CFGSD
30
Compass Financial Group (South Dakota)
South Dakota
$268K – – –
ST
31
Sentinel Trust
Texas
$239K -$268K -14,900 -52%
ACM
32
Arlington Capital Management
Illinois
$222K +$21.7K +1,206 +11%
MA
33
Mutual Advisors
Nebraska
$213K -$8.64K -481 -4%
ACP
34
Aviance Capital Partners
Florida
$205K +$209K +11,638 New
US Bancorp
35
US Bancorp
Minnesota
$168K – – –
WAM
36
Wolverine Asset Management
Illinois
$141K -$1.31M -72,698 -90%
HNB
37
Huntington National Bank
Ohio
$110K – – –
AIM
38
Anchor Investment Management
South Carolina
$61.5K – – –
Bessemer Group
39
Bessemer Group
New Jersey
$40K – – –
CT
40
Colonial Trust
South Carolina
$26.4K – – –
FMTCOCP
41
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$24K +$24.3K +1,350 New
NA
42
NewEdge Advisors
Louisiana
$13.1K – – –
PNC Financial Services Group
43
PNC Financial Services Group
Pennsylvania
$6.5K – – –
1
2

ETX Hedge Fund Activity: Q2 2023 in Review

42 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q2 2023, worth a combined $39.3M — down 1.3% from $39.8M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new ETX positions and 0 closed out — a net gain of 3 holders — while 14 added to existing stakes and 17 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $837K. The largest seller was Wolverine Asset Management, cutting an estimated $1.31M.

  • 42 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q2 2023, up from 39 in Q1 2023.
  • Funds reported $39.3M of Eaton Vance Municipal Income 2028 Term Trust stock for Q2 2023, down 1.3% quarter-over-quarter.
  • 3 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q2 2023 and 0 closed out, a net change of +3 holders.
  • The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q2 2023 was Morgan Stanley, an estimated $837K added.
  • The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q2 2023 was Wolverine Asset Management, an estimated $1.31M sold.

Based on aggregated 13F filings for Q2 2023.