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ETX

Eaton Vance Municipal Income 2028 Term Trust
ETX

23 hedge funds and large institutions have $17.6M invested in Eaton Vance Municipal Income 2028 Term Trust in 2013 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 9 increasing their positions, 4 reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 4

94% more capital invested

Capital invested by funds: $9.1M → $17.6M (+$8.52M)

77% more funds holding

Funds holding: 13 → 23 (+10)

4.8% more ownership

Funds ownership: 6.13% → 10.94% (+4.8%)

Holders
23
Holders Change
+10
Holders Change %
+76.92%
% of All Funds
0.67%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
9
Reduced
4
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$2M
2
FIMG
Financial & Investment Management Group
Michigan
+$1.82M
3
Cohen & Steers
Cohen & Steers
New York
+$1.41M
4
U
UBS
Switzerland
+$860K
5
HighTower Advisors
HighTower Advisors
Illinois
+$851K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$565K
2
ICAS
Investors Capital Advisory Services
Massachusetts
-$62.4K
3
Morgan Stanley
Morgan Stanley
New York
-$57.9K
4
Citigroup
Citigroup
New York
-$4.3K
Name Holding Trade Value Shares
Change 		Change in
Stake
U
1
UBS
Switzerland
$4.32M +$860K +59,970 +25%
SIA
2
Sit Investment Associates
Minnesota
$2.04M +$2M +139,652 New
FIMG
3
Financial & Investment Management Group
Michigan
$1.86M +$1.82M +127,000 New
Cohen & Steers
4
Cohen & Steers
New York
$1.84M +$1.41M +98,209 +353%
Morgan Stanley
5
Morgan Stanley
New York
$1.51M -$57.9K -4,039 -4%
Wells Fargo
6
Wells Fargo
California
$1.24M +$320K +22,298 +36%
HighTower Advisors
7
HighTower Advisors
Illinois
$867K +$851K +59,350 New
KIM
8
Karpus Investment Management
New York
$682K +$244K +17,000 +57%
Bank of Montreal
9
Bank of Montreal
Ontario, Canada
$613K +$100K +7,000 +20%
ICAS
10
Investors Capital Advisory Services
Massachusetts
$457K -$62.4K -4,350 -12%
SMC
11
Smith, Moore & Co
Missouri
$437K +$429K +29,935 New
Bank of America
12
Bank of America
North Carolina
$339K -$565K -39,395 -63%
VKH
13
Virtu KCG Holdings
New York
$313K +$307K +21,425 New
Citigroup
14
Citigroup
New York
$209K -$4.3K -300 -2%
RCM
15
Rivernorth Capital Management
Florida
$188K +$184K +12,843 New
TF
16
Trutina Financial
Washington
$182K +$179K +12,496 New
Jane Street
17
Jane Street
New York
$167K +$164K +11,431 New
VanEck Associates
18
VanEck Associates
New York
$115K +$4.11K +287 +4%
LTFS
19
Ladenburg Thalmann Financial Services
Florida
$108K +$4.63K +323 +5%
PCM
20
Prelude Capital Management
New York
$44K +$43K +3,000 New
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$39K +$24.4K +1,700 +170%
TJHA
22
Thomas J. Herzfeld Advisors
Florida
$26K +$25.8K +1,801 New
TRCT
23
Tower Research Capital (TRC)
New York
$20K +$3.56K +248 +22%

ETX Hedge Fund Activity: Q4 2013 in Review

23 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q4 2013, worth a combined $17.6M — up 94% from $9.1M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new ETX positions and 0 closed out — a net gain of 10 holders — while 9 added to existing stakes and 4 trimmed.

The largest buyer was Sit Investment Associates, opening a new position worth an estimated $2M. The largest seller was Bank of America, cutting an estimated $565K.

  • 23 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q4 2013, up from 13 in Q3 2013.
  • Funds reported $17.6M of Eaton Vance Municipal Income 2028 Term Trust stock for Q4 2013, up 94% quarter-over-quarter.
  • 10 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q4 2013 and 0 closed out, a net change of +10 holders.
  • The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q4 2013 was Sit Investment Associates, an estimated $2M added.
  • The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q4 2013 was Bank of America, an estimated $565K sold.

Based on aggregated 13F filings for Q4 2013.