Eaton Vance Municipal Income 2028 Term Trust
ETX
33 hedge funds and large institutions have $35.8M invested in Eaton Vance Municipal Income 2028 Term Trust in 2018 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 3 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
0.33% less ownership
Funds ownership: 17.75% → 17.42% (-0.33%)
3% less funds holding
Funds holding: 34 → 33 (-1)
10% less capital invested
Capital invested by funds: $39.8M → $35.8M (-$4.03M)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$557K |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$407K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$190K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$175K |
| 5 |
UR
USCA RIA
Houston,
Texas
|
+$122K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$780K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$702K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$416K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$243K |
| 5 |
WKWM
Walter & Keenan Wealth Management
Souh Bend,
Indiana
|
-$186K |
ETX Hedge Fund Activity: Q1 2018 in Review
33 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q1 2018, worth a combined $35.8M — down 10% from $39.8M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of ETX and 2 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 15 added.
The largest buyer was Morgan Stanley, adding an estimated $557K. The largest seller was Invesco, exiting entirely with an estimated $780K sold.
- 33 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q1 2018, down from 34 in Q4 2017.
- Funds reported $35.8M of Eaton Vance Municipal Income 2028 Term Trust stock for Q1 2018, down 10% quarter-over-quarter.
- 2 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q1 2018 and 3 closed out, a net change of -1 holder.
- The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q1 2018 was Morgan Stanley, an estimated $557K added.
- The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q1 2018 was Invesco, an estimated $780K sold.
Based on aggregated 13F filings for Q1 2018.