Nuveen New York Quality Municipal Income Fund
NAN
48 hedge funds and large institutions have $60.7M invested in Nuveen New York Quality Municipal Income Fund in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 4 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 11
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
2% more funds holding
Funds holding: 47 → 48 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.75% less ownership
Funds ownership: 15.57% → 14.81% (-0.75%)
8% less capital invested
Capital invested by funds: $65.8M → $60.7M (-$5.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.55M |
| 2 |
SA
Strategic Advisors
New York
|
+$1.49M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$613K |
| 4 |
AC
Avestar Capital
New York
|
+$289K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$181K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$6.18M |
| 2 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
-$2.11M |
| 3 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$635K |
| 4 |
SMH
Sanders Morris Harris
Houston,
Texas
|
-$361K |
| 5 |
ICA
Infrastructure Capital Advisors
New York
|
-$319K |
NAN Hedge Fund Activity: Q3 2019 in Review
48 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York Quality Municipal Income Fund (NAN) for Q3 2019, worth a combined $60.7M — down 7.8% from $65.8M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new NAN positions and 4 closed out — a net gain of 1 holder — while 17 added to existing stakes and 11 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $3.55M. The largest seller was Karpus Investment Management, cutting an estimated $6.18M.
- 48 institutional investors held Nuveen New York Quality Municipal Income Fund (NAN) as of Q3 2019, up from 47 in Q2 2019.
- Funds reported $60.7M of Nuveen New York Quality Municipal Income Fund stock for Q3 2019, down 7.8% quarter-over-quarter.
- 5 funds opened new Nuveen New York Quality Municipal Income Fund positions in Q3 2019 and 4 closed out, a net change of +1 holder.
- The largest Nuveen New York Quality Municipal Income Fund buyer in Q3 2019 was Rivernorth Capital Management, an estimated $3.55M added.
- The largest Nuveen New York Quality Municipal Income Fund seller in Q3 2019 was Karpus Investment Management, an estimated $6.18M sold.
Based on aggregated 13F filings for Q3 2019.