Eaton Vance Municipal Income Trust
EVN
77 hedge funds and large institutions have $80.4M invested in Eaton Vance Municipal Income Trust in 2019 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 30 increasing their positions, 7 reducing their positions, and 10 closing their positions.
329% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 7
210% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 10
66% more capital invested
Capital invested by funds: $48.5M → $80.4M (+$31.9M)
35% more funds holding
Funds holding: 57 → 77 (+20)
0.13% more ownership
Funds ownership: 16.48% → 16.61% (+0.13%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$5.7M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$2.77M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.16M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.16M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$2.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$796K |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$555K |
| 3 |
ACM
Avalon Capital Management
Port Of Redwood City,
California
|
-$503K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$404K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$336K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFH
76
NEXT Financial Holdings
Houston,
Texas
| $7K | +$6.38K | +544 | New |
|
|
RFM
77
Royal Fund Management
Lady Lake,
Florida
| $6K | – | – | – |
|
|
SCM
78
Saba Capital Management
New York
| – | -$796K | -70,421 | Closed |
|
|
RCM
79
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$555K | -49,841 | Closed |
|
|
ACM
80
Avalon Capital Management
Port Of Redwood City,
California
| – | -$503K | -44,468 | Closed |
|
|
WAM
81
Weiss Asset Management
Boston,
Massachusetts
| – | -$336K | -29,700 | Closed |
|
82
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$334K | -29,495 | Closed |
|
|
IWC
83
Integrated Wealth Concepts
Waltham,
Massachusetts
| – | -$264K | -23,377 | Closed |
|
|
CRC
84
Curi RMB Capital
Chicago,
Illinois
| – | -$233K | -20,570 | Closed |
|
85
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$143K | -12,678 | Closed |
|
86
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$36K | -3,150 | Closed |
|
|
AIC
87
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$9K | -763 | Closed |
|
88
Fidelity Investments
Boston,
Massachusetts
| – | +$12 | +1 | New |
|
EVN Hedge Fund Activity: Q1 2019 in Review
77 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Income Trust (EVN) for Q1 2019, worth a combined $80.4M — up 66% from $48.5M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new EVN positions and 10 closed out — a net gain of 21 holders — while 30 added to existing stakes and 7 trimmed.
The largest buyer was Robinson Capital Management, adding an estimated $5.7M. The largest seller was Saba Capital Management, exiting entirely with an estimated $796K sold.
- 77 institutional investors held Eaton Vance Municipal Income Trust (EVN) as of Q1 2019, up from 57 in Q4 2018.
- Funds reported $80.4M of Eaton Vance Municipal Income Trust stock for Q1 2019, up 66% quarter-over-quarter.
- 31 funds opened new Eaton Vance Municipal Income Trust positions in Q1 2019 and 10 closed out, a net change of +21 holders.
- The largest Eaton Vance Municipal Income Trust buyer in Q1 2019 was Robinson Capital Management, an estimated $5.7M added.
- The largest Eaton Vance Municipal Income Trust seller in Q1 2019 was Saba Capital Management, an estimated $796K sold.
Based on aggregated 13F filings for Q1 2019.