Eaton Vance Municipal Income 2028 Term Trust
ETX
34 hedge funds and large institutions have $41.5M invested in Eaton Vance Municipal Income 2028 Term Trust in 2019 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 5 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
1% more capital invested
Capital invested by funds: $40.9M → $41.5M (+$563K)
0.04% more ownership
Funds ownership: 17.43% → 17.47% (+0.04%)
3% less funds holding
Funds holding: 35 → 34 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFG
Merit Financial Group
Alpharetta,
Georgia
|
+$855K |
| 2 |
Rockefeller Capital Management
New York
|
+$500K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$396K |
| 4 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$168K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$132K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$866K |
| 2 |
LPL Financial
San Diego,
California
|
-$321K |
| 3 |
Morgan Stanley
New York
|
-$191K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$173K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$111K |
ETX Hedge Fund Activity: Q4 2019 in Review
34 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income 2028 Term Trust (ETX) for Q4 2019, worth a combined $41.5M — up 1.4% from $40.9M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of ETX and 4 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 11 added.
The largest buyer was Merit Financial Group, opening a new position worth an estimated $855K. The largest seller was Private Advisor Group, exiting entirely with an estimated $866K sold.
- 34 institutional investors held Eaton Vance Municipal Income 2028 Term Trust (ETX) as of Q4 2019, down from 35 in Q3 2019.
- Funds reported $41.5M of Eaton Vance Municipal Income 2028 Term Trust stock for Q4 2019, up 1.4% quarter-over-quarter.
- 4 funds opened new Eaton Vance Municipal Income 2028 Term Trust positions in Q4 2019 and 5 closed out, a net change of -1 holder.
- The largest Eaton Vance Municipal Income 2028 Term Trust buyer in Q4 2019 was Merit Financial Group, an estimated $855K added.
- The largest Eaton Vance Municipal Income 2028 Term Trust seller in Q4 2019 was Private Advisor Group, an estimated $866K sold.
Based on aggregated 13F filings for Q4 2019.