Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Eaton Vance Risk-Managed Div (ETJ)

116 + Investors. Track Smart Money conviction in ETJ. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
1Q ▼
Buyers last Q
58%

Smart Money Signals — ETJ

Based on 116 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their ETJ positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (99% of max)

99% of all-time peak
116 hedge funds hold ETJ right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +27% more funds vs a year ago

fund count last 6Q
+25 new funds entered over the past year (+27% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 58% buying

59 buying42 selling
Last quarter: 59 funds bought or added vs 42 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-7 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 21 → 13 → 17 → 10. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 20% medium ■ 21% new
69 out of 116 hedge funds have held ETJ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

10 → 21 → 13 → 17 → 10 new funds/Q
New funds entering each quarter: 21 → 13 → 17 → 10. ETJ is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 64% veterans vs 26% newcomers

■ 64% veterans ■ 10% 1-2yr ■ 26% new
Entry-cohort mix of 116 holders: 74 (64%) are 2+ year veterans, 12 entered 1–2 years ago, and 30 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 38% AUM from major funds

38% from top-100 AUM funds
12 of 115 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — ETJ

In 2026 Q1, 59 hedge funds were net buyers of ETJ (10 opened a new position, 49 added to an existing one), while 42 reduced or exited (31 trimmed, 11 sold completely) — a 58% buyer ratio, indicating a slight buying edge. 38% of total institutional value in ETJ is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 116.

Hedge Fund Ownership: ETJ

How many hedge funds hold ETJ — quarterly history vs. share price
Quarterly hedge fund ownership of ETJ vs. share price

Market Analysis: ETJ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ETJ

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Eaton Vance Risk-Managed Div (ETJ) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ETJ has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 82d ago
ETJ
+1.2%
XLF
+8.5%

ETJ outperformed XLF by -7.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
ETJ
+0.0%
XLF
+4.8%

Since the filing became public, ETJ outperformed XLF by -4.8% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

7 top-rated funds 0 high-conviction
Consensus
3.9
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: ETJ
116 + Investors

Track Smart Money conviction in ETJ. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 116 117 -0.85%
13F Shares 14M 15M -6.17%
Total Value $110M $134M -17.36%
New Positions 10 17 -7
Increased Positions 49 38 +11
Closed Positions 11 7 +4
Reduced Positions 31 43 -12
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: ETJ

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Institutional Holders (2026 Q1)

116 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in ETJ. Verified SEC 13F-HR filings.

QUARTER:
Top 25 ETJ holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 PMG Family Office LLC 0.92% 101,258 $827K
2 Financial Alternatives, Inc 0.83% 188,665 $1.5M
3 Shaker Financial Services, LLC 0.70% 247,420 $2.0M
4 Rpo LLC 0.49% 19,442 $159K
5 Pointe Capital Management LLC 0.34% 84,722 $692K
6 Decision Investments, Inc 0.32% 34,443 $281K
7 Winebrenner Capital Management LLC 0.26% 50,000 $408K
8 Closed-End Fund Advisors, Inc. 0.21% 25,489 $208K
9 David J Yvars Group 0.18% 40,246 $329K
10 Arlington Capital Management, Inc. 0.17% 35,843 $293K
11 ELCO Management Co., LLC 0.15% 38,143 $312K
12 Harbour Wealth Management Group, Inc. 0.14% 22,856 $187K
13 Successful Portfolios LLC 0.11% 25,102 $202K
14 WESPAC Advisors, LLC 0.11% 24,000 $196K
15 Garden State Investment Advisory Services LLC 0.10% 52,945 $433K
16 Primoris Wealth Advisors, LLC 0.09% 16,079 $131K
17 First Heartland Consultants, Inc. 0.08% 125,241 $1.0M
18 Semus Wealth Partners LLC 0.08% 16,586 $136K
19 Everstar Asset Management, LLC 0.07% 16,955 $139K
20 Guggenheim Capital LLC 0.07% 1,148,133 $9.4M
21 Advisors Asset Management, Inc. 0.07% 485,611 $4.0M
22 Catalina Capital Group, LLC 0.06% 13,296 $109K
23 Wealth Effects LLC 0.04% 15,075 $123K
24 Vista Investment Partners II, LLC 0.04% 11,036 $90K
25 Formidable Asset Management, LLC 0.04% 28,371 $250K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Eaton Vance Risk-Managed Div (ETJ)

What does the Smart Money Trend signal show for ETJ?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their ETJ positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for ETJ?

Slight buying edge — 58% buying: Last quarter: 59 funds bought or added vs 42 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for ETJ holders?

Strong quality — 38% AUM from major funds: 12 of 115 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held ETJ?

59% of holders stayed for 2+ years: 69 out of 116 hedge funds have held ETJ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Eaton Vance Risk-Managed Div (ETJ) following the 2026 Q1 hedge fund 13F filings?

As of today, ETJ has moved +0.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of -4.8%. Since the quarter end (March 31, 2026), ETJ has gained +1.2% vs +8.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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