Eaton Vance Municipal Income 2028 Term Trust
ETX
27 hedge funds and large institutions have $31.6M invested in Eaton Vance Municipal Income 2028 Term Trust in 2014 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 6 reducing their positions, and 8 closing their positions.
83% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 6
10% more capital invested
Capital invested by funds: $28.8M → $31.6M (+$2.83M)
1.03% more ownership
Funds ownership: 15.47% → 16.5% (+1%)
16% less funds holding
Funds holding: 32 → 27 (-5)
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.29M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.13M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$425K |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$279K |
| 5 |
S
SignatureFD
Atlanta,
Georgia
|
+$102K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$906K |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$522K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$260K |
| 4 |
MTIM
Marathon Trading Investment Management
Radnor,
Pennsylvania
|
-$244K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$210K |
ETX Hedge Fund Activity: Q3 2014 in Review
27 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q3 2014, worth a combined $31.6M — up 9.9% from $28.8M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of ETX and 3 opened new positions — a net loss of 5 holders — while 6 trimmed existing stakes and 11 added.
The largest buyer was Karpus Investment Management, adding an estimated $2.29M. The largest seller was Cohen & Steers, cutting an estimated $906K.
- 27 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q3 2014, down from 32 in Q2 2014.
- Funds reported $31.6M of Eaton Vance Municipal Income 2028 Term Trust stock for Q3 2014, up 9.9% quarter-over-quarter.
- 3 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q3 2014 and 8 closed out, a net change of -5 holders.
- The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q3 2014 was Karpus Investment Management, an estimated $2.29M added.
- The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q3 2014 was Cohen & Steers, an estimated $906K sold.
Based on aggregated 13F filings for Q3 2014.