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ETX

Eaton Vance Municipal Income 2028 Term Trust
ETX

45 hedge funds and large institutions have $40.6M invested in Eaton Vance Municipal Income 2028 Term Trust in 2023 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 15 increasing their positions, 16 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

7% more funds holding

Funds holding: 42 → 45 (+3)

1.4% more ownership

Funds ownership: 20.51% → 21.9% (+1.4%)

3% more capital invested

Capital invested by funds: $39.3M → $40.6M (+$1.3M)

6% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 16

Holders
45
Holders Change
+3
Holders Change %
+7.14%
% of All Funds
0.71%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
15
Reduced
16
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$2.65M
2
1CP
1607 Capital Partners
Virginia
+$1.32M
3
WAM
Wolverine Asset Management
Illinois
+$564K
4
MC
Moors & Cabot
Massachusetts
+$319K
5
VanEck Associates
VanEck Associates
New York
+$307K

Top Sellers

Rank Fund Capital Flow
1
XF
XML Financial
Maryland
-$1.28M
2
Osaic Holdings
Osaic Holdings
Arizona
-$605K
3
Cohen & Steers
Cohen & Steers
New York
-$345K
4
WKWM
Walter & Keenan Wealth Management
Indiana
-$316K
5
Morgan Stanley
Morgan Stanley
New York
-$290K
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
26
Stifel Financial
Missouri
$361K -$20.7K -1,200 -5%
MWM
27
Melfa Wealth Management
Massachusetts
$350K +$535 +31 +0.2%
MC
28
Moors & Cabot
Massachusetts
$314K +$319K +18,500 New
MFG
29
Merit Financial Group
Georgia
$309K – – –
Osaic Holdings
30
Osaic Holdings
Arizona
$268K -$605K -35,040 -69%
Ameriprise
31
Ameriprise
Minnesota
$262K -$20.5K -1,186 -7%
CFGSD
32
Compass Financial Group (South Dakota)
South Dakota
$258K – – –
ST
33
Sentinel Trust
Texas
$231K – – –
ACP
34
Aviance Capital Partners
Florida
$223K +$25.6K +1,485 +13%
FAIM
35
Financial Advocates Investment Management
Washington
$196K +$199K +11,537 New
AW
36
Atlas Wealth
Ohio
$184K +$188K +10,876 New
HNB
37
Huntington National Bank
Ohio
$106K – – –
Northwestern Mutual Wealth Management
38
Northwestern Mutual Wealth Management
Wisconsin
$62.5K +$63.7K +3,688 New
AIM
39
Anchor Investment Management
South Carolina
$59.4K – – –
Bessemer Group
40
Bessemer Group
New Jersey
$38K – – –
Comerica Bank
41
Comerica Bank
Texas
$32.8K +$33.4K +1,936 New
CT
42
Colonial Trust
South Carolina
$25.4K – – –
US Bancorp
43
US Bancorp
Minnesota
$18.7K -$146K -8,436 -88%
NA
44
NewEdge Advisors
Louisiana
$12.6K – – –
JP Morgan Chase
45
JP Morgan Chase
New York
$12.2K +$12.4K +720 New
PNC Financial Services Group
46
PNC Financial Services Group
Pennsylvania
$6.28K – – –
ACM
47
Arlington Capital Management
Illinois
– -$222K -12,626 Closed
MA
48
Mutual Advisors
Nebraska
– -$213K -12,114 Closed
FMTCOCP
49
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
– -$24K -1,350 Closed
1
2

ETX Hedge Fund Activity: Q3 2023 in Review

45 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q3 2023, worth a combined $40.6M — up 3.3% from $39.3M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new ETX positions and 3 closed out — a net gain of 3 holders — while 15 added to existing stakes and 16 trimmed.

The largest buyer was Rockefeller Capital Management, adding an estimated $2.65M. The largest seller was XML Financial, cutting an estimated $1.28M.

  • 45 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q3 2023, up from 42 in Q2 2023.
  • Funds reported $40.6M of Eaton Vance Municipal Income 2028 Term Trust stock for Q3 2023, up 3.3% quarter-over-quarter.
  • 6 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q3 2023 and 3 closed out, a net change of +3 holders.
  • The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q3 2023 was Rockefeller Capital Management, an estimated $2.65M added.
  • The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q3 2023 was XML Financial, an estimated $1.28M sold.

Based on aggregated 13F filings for Q3 2023.