Eaton Vance Municipal Income 2028 Term Trust
ETX
13 hedge funds and large institutions have $9.1M invested in Eaton Vance Municipal Income 2028 Term Trust in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 2 reducing their positions, and closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 2
86% more funds holding
Funds holding: 7 → 13 (+6)
35% more capital invested
Capital invested by funds: $6.76M → $9.1M (+$2.34M)
2.09% more ownership
Funds ownership: 4.05% → 6.13% (+2.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$898K |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$848K |
| 3 |
Morgan Stanley
New York
|
+$605K |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$503K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$427K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$791K |
| 2 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
-$45.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
U
1
UBS
Zurich,
Switzerland
| $3.42M | +$848K | +59,054 | +33% |
|
|
2
Morgan Stanley
New York
| $1.56M | +$605K | +42,145 | +64% |
|
|
3
Bank of America
Charlotte,
North Carolina
| $906K | -$791K | -55,111 | -47% |
|
|
4
Wells Fargo
San Francisco,
California
| $905K | +$898K | +62,500 | +6,250,000% |
|
|
ICAS
5
Investors Capital Advisory Services
Lynnfield,
Massachusetts
| $516K | -$45.2K | -3,150 | -8% |
|
|
6
Bank of Montreal
Toronto,
Ontario, Canada
| $507K | +$503K | +35,000 | New |
|
|
KIM
7
Karpus Investment Management
Pittsford,
New York
| $430K | +$427K | +29,700 | New |
|
8
Cohen & Steers
New York
| $403K | +$400K | +27,820 | New |
|
9
Citigroup
New York
| $211K | +$8.62K | +600 | +4% |
|
10
VanEck Associates
New York
| $110K | +$109K | +7,623 | New |
|
|
LTFS
11
Ladenburg Thalmann Financial Services
Miami,
Florida
| $102K | +$77.8K | +5,419 | +327% |
|
|
TRCT
12
Tower Research Capital (TRC)
New York
| $16K | +$16.1K | +1,122 | New |
|
13
Royal Bank of Canada
Toronto,
Ontario, Canada
| $14K | +$14.4K | +1,000 | New |
|
ETX Hedge Fund Activity: Q3 2013 in Review
13 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q3 2013, worth a combined $9.1M — up 35% from $6.76M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new ETX positions and 0 closed out — a net gain of 6 holders — while 5 added to existing stakes and 2 trimmed.
The largest buyer was Wells Fargo, adding an estimated $898K. The largest seller was Bank of America, cutting an estimated $791K.
- 13 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q3 2013, up from 7 in Q2 2013.
- Funds reported $9.1M of Eaton Vance Municipal Income 2028 Term Trust stock for Q3 2013, up 35% quarter-over-quarter.
- 6 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q3 2013 and 0 closed out, a net change of +6 holders.
- The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q3 2013 was Wells Fargo, an estimated $898K added.
- The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q3 2013 was Bank of America, an estimated $791K sold.
Based on aggregated 13F filings for Q3 2013.