Nuveen Arizona Quality Municipal Income Fund
NAZ
32 hedge funds and large institutions have $16M invested in Nuveen Arizona Quality Municipal Income Fund in 2018 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 8 reducing their positions, and 7 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 8
19% more capital invested
Capital invested by funds: $13.4M → $16M (+$2.56M)
1.68% more ownership
Funds ownership: 9.84% → 11.52% (+1.7%)
6% less funds holding
Funds holding: 34 → 32 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.03M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$2.11M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$606K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$593K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$416K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$3.01M |
| 2 |
ACI
Alpha Cubed Investments
Irvine,
California
|
-$1.11M |
| 3 |
AG
Advisor Group
Phoenix,
Arizona
|
-$532K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$286K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$233K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIM
26
Advantage Investment Management
Cedar Rapids,
Iowa
| $31K | – | – | – |
|
|
GI
27
Gradient Investments
Arden Hills,
Minnesota
| $23K | – | – | – |
|
|
ACS
28
Archford Capital Strategies
Swansea,
Illinois
| $20K | – | – | – |
|
|
IF
29
Ironwood Financial
Tucson,
Arizona
| $18K | +$6.03K | +516 | +52% |
|
|
PO
30
Private Ocean
San Rafael,
California
| $14K | – | – | – |
|
|
ASN
31
Advisory Services Network
Atlanta,
Georgia
| $13K | – | – | – |
|
|
WA
32
WealthTrust-Arizona
Scottsdale,
Arizona
| $8K | – | – | – |
|
|
LCM
33
Laurion Capital Management
New York
| – | -$3.01M | -257,867 | Closed |
|
|
ACI
34
Alpha Cubed Investments
Irvine,
California
| – | -$1.11M | -95,960 | Closed |
|
|
35
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$286K | -24,483 | Closed |
|
|
PAG
36
Private Advisor Group
Morristown,
New Jersey
| – | -$168K | -14,348 | Closed |
|
|
SWP
37
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$24K | -2,050 | Closed |
|
|
FIA
38
FNY Investment Advisers
New York
| – | -$11K | -996 | Closed |
|
|
APP
39
Avantax Planning Partners
Dubuque,
Iowa
| – | -$12K | -991 | Closed |
|
NAZ Hedge Fund Activity: Q4 2018 in Review
32 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Nuveen Arizona Quality Municipal Income Fund (NAZ) for Q4 2018, worth a combined $16M — up 19% from $13.4M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NAZ and 5 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 10 added.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $3.03M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $3.01M sold.
- 32 institutional investors held Nuveen Arizona Quality Municipal Income Fund (NAZ) as of Q4 2018, down from 34 in Q3 2018.
- Funds reported $16M of Nuveen Arizona Quality Municipal Income Fund stock for Q4 2018, up 19% quarter-over-quarter.
- 5 funds opened new Nuveen Arizona Quality Municipal Income Fund positions in Q4 2018 and 7 closed out, a net change of -2 holders.
- The largest Nuveen Arizona Quality Municipal Income Fund buyer in Q4 2018 was Saba Capital Management, an estimated $3.03M added.
- The largest Nuveen Arizona Quality Municipal Income Fund seller in Q4 2018 was Laurion Capital Management, an estimated $3.01M sold.
Based on aggregated 13F filings for Q4 2018.