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ETX

Eaton Vance Municipal Income 2028 Term Trust
ETX

31 hedge funds and large institutions have $38.4M invested in Eaton Vance Municipal Income 2028 Term Trust in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 4 reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed

275% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 4

15% more funds holding

Funds holding: 27 → 31 (+4)

1% more capital invested

Capital invested by funds: $38M → $38.4M (+$457K)

0.11% less ownership

Funds ownership: 17.46% → 17.34% (-0.11%)

Holders
31
Holders Change
+4
Holders Change %
+14.81%
% of All Funds
0.77%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
15
Reduced
4
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$355K
2
AAM
Advisors Asset Management
Colorado
+$244K
3
Morgan Stanley
Morgan Stanley
New York
+$239K
4
UBS Group
UBS Group
Switzerland
+$227K
5
VanEck Associates
VanEck Associates
New York
+$128K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$1.13M
2
Stifel Financial
Stifel Financial
Missouri
-$659K
3
MSL
Mackay Shields LLC
New York
-$112K
4
Wells Fargo
Wells Fargo
California
-$34.2K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
1
UBS Group
Switzerland
$5.49M +$227K +11,051 +4%
AAM
2
Advisors Asset Management
Colorado
$4.39M +$244K +11,855 +6%
Bank of America
3
Bank of America
North Carolina
$3.43M +$12.4K +603 +0.4%
RJA
4
Raymond James & Associates
Florida
$2.74M +$14K +682 +0.5%
RJFSA
5
Raymond James Financial Services Advisors
Florida
$2.68M +$110K +5,358 +4%
Wells Fargo
6
Wells Fargo
California
$2.46M -$34.2K -1,663 -1%
Morgan Stanley
7
Morgan Stanley
New York
$2.23M +$239K +11,635 +12%
Invesco
8
Invesco
Georgia
$1.9M -$1.13M -54,735 -37%
MSL
9
Mackay Shields LLC
New York
$1.7M -$112K -5,437 -6%
Stifel Financial
10
Stifel Financial
Missouri
$1.69M -$659K -32,041 -28%
FFA
11
First Foundation Advisors
California
$1.52M +$62 +3 +0%
WKWM
12
Walter & Keenan Wealth Management
Indiana
$1.41M +$123K +6,000 +10%
First Trust Advisors
13
First Trust Advisors
Illinois
$1.3M +$59.8K +2,910 +5%
UR
14
USCA RIA
Texas
$1.14M – – –
NPC
15
National Planning Corporation
California
$890K – – –
Bank of Montreal
16
Bank of Montreal
Ontario, Canada
$860K – – –
VanEck Associates
17
VanEck Associates
New York
$559K +$128K +6,219 +30%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$506K +$33.4K +1,625 +7%
Commonwealth Equity Services
19
Commonwealth Equity Services
Massachusetts
$353K +$355K +17,255 New
LTFS
20
Ladenburg Thalmann Financial Services
Florida
$263K +$2.12K +103 +0.8%
Ameriprise
21
Ameriprise
Minnesota
$238K +$17.7K +860 +8%
Citigroup
22
Citigroup
New York
$168K +$1.62K +79 +1%
NSIM
23
North Star Investment Management
Illinois
$102K – – –
US Bancorp
24
US Bancorp
Minnesota
$99K – – –
AG
25
Advisor Group
Arizona
$84K – – –
1
2

ETX Hedge Fund Activity: Q3 2017 in Review

31 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q3 2017, worth a combined $38.4M — up 1.2% from $38M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new ETX positions and 0 closed out — a net gain of 4 holders — while 15 added to existing stakes and 4 trimmed.

The largest buyer was Commonwealth Equity Services, opening a new position worth an estimated $355K. The largest seller was Invesco, cutting an estimated $1.13M.

  • 31 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q3 2017, up from 27 in Q2 2017.
  • Funds reported $38.4M of Eaton Vance Municipal Income 2028 Term Trust stock for Q3 2017, up 1.2% quarter-over-quarter.
  • 4 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q3 2017 and 0 closed out, a net change of +4 holders.
  • The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q3 2017 was Commonwealth Equity Services, an estimated $355K added.
  • The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q3 2017 was Invesco, an estimated $1.13M sold.

Based on aggregated 13F filings for Q3 2017.