Eaton Vance Municipal Income Trust
EVN
27 hedge funds and large institutions have $14.3M invested in Eaton Vance Municipal Income Trust in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 9 reducing their positions, and 10 closing their positions.
13% more capital invested
Capital invested by funds: $12.6M → $14.3M (+$1.68M)
0.15% less ownership
Funds ownership: 5.24% → 5.1% (-0.15%)
18% less funds holding
Funds holding: 33 → 27 (-6)
33% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 9
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
+$3.07M |
| 2 |
Morgan Stanley
New York
|
+$794K |
| 3 |
WFG
Wills Financial Group
Richmond,
Virginia
|
+$225K |
| 4 |
VanEck Associates
New York
|
+$110K |
| 5 |
RFA
Reilly Financial Advisors
La Mesa,
California
|
+$51.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$2.77M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$347K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$211K |
| 4 |
SG Americas Securities
New York
|
-$205K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$159K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $9K | -$24.1K | -2,119 | -74% |
|
|
MFS
27
MSI Financial Services
Springfield,
Massachusetts
| $6K | – | – | – |
|
|
MIG
28
Mariner Investment Group
Harrison,
New York
| – | -$347K | -33,000 | Closed |
|
|
RJA
29
Raymond James & Associates
St Petersburg,
Florida
| – | -$211K | -20,060 | Closed |
|
|
30
SG Americas Securities
New York
| – | -$205K | -19,533 | Closed |
|
|
WAM
31
Weiss Asset Management
Boston,
Massachusetts
| – | -$159K | -15,126 | Closed |
|
32
Barclays
London,
United Kingdom
| – | -$115K | -11,486 | Closed |
|
33
Jane Street
New York
| – | -$115K | -10,964 | Closed |
|
|
HCM
34
Hollencrest Capital Management
Newport Beach,
California
| – | -$108K | -10,300 | Closed |
|
|
TFA
35
Transamerica Financial Advisors
St. Petersburg,
Florida
| – | -$6K | -522 | Closed |
|
36
Nomura Holdings
Tokyo,
Japan
| – | -$1K | -100 | Closed |
|
EVN Hedge Fund Activity: Q1 2014 in Review
27 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income Trust (EVN) for Q1 2014, worth a combined $14.3M — up 13% from $12.6M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of EVN and 4 opened new positions — a net loss of 6 holders — while 9 trimmed existing stakes and 6 added.
The largest buyer was Ashford Capital Management, adding an estimated $3.07M. The largest seller was LPL Financial, cutting an estimated $2.77M.
- 27 institutional investors held Eaton Vance Municipal Income Trust (EVN) as of Q1 2014, down from 33 in Q4 2013.
- Funds reported $14.3M of Eaton Vance Municipal Income Trust stock for Q1 2014, up 13% quarter-over-quarter.
- 4 funds opened new Eaton Vance Municipal Income Trust positions in Q1 2014 and 10 closed out, a net change of -6 holders.
- The largest Eaton Vance Municipal Income Trust buyer in Q1 2014 was Ashford Capital Management, an estimated $3.07M added.
- The largest Eaton Vance Municipal Income Trust seller in Q1 2014 was LPL Financial, an estimated $2.77M sold.
Based on aggregated 13F filings for Q1 2014.