Nuveen Taxable Municipal Income Fund
NBB
46 hedge funds and large institutions have $94.9M invested in Nuveen Taxable Municipal Income Fund in 2016 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
2% more funds holding
Funds holding: 45 → 46 (+1)
7% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 15
1.42% less ownership
Funds ownership: 17.32% → 15.9% (-1.4%)
9% less capital invested
Capital invested by funds: $105M → $94.9M (-$9.59M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$3.7M |
| 2 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$2.3M |
| 3 |
Morgan Stanley
New York
|
+$760K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$457K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$256K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VHAM
Van Hulzen Asset Management
El Dorado Hills,
California
|
-$6.13M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.73M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.01M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.82M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.31M |
NBB Hedge Fund Activity: Q3 2016 in Review
46 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q3 2016, worth a combined $94.9M — down 9.2% from $105M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new NBB positions and 6 closed out — a net gain of 1 holder — while 14 added to existing stakes and 15 trimmed.
The largest buyer was UBS Group, adding an estimated $3.7M. The largest seller was Van Hulzen Asset Management, exiting entirely with an estimated $6.13M sold.
- 46 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q3 2016, up from 45 in Q2 2016.
- Funds reported $94.9M of Nuveen Taxable Municipal Income Fund stock for Q3 2016, down 9.2% quarter-over-quarter.
- 7 funds opened new Nuveen Taxable Municipal Income Fund positions in Q3 2016 and 6 closed out, a net change of +1 holder.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q3 2016 was UBS Group, an estimated $3.7M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q3 2016 was Van Hulzen Asset Management, an estimated $6.13M sold.
Based on aggregated 13F filings for Q3 2016.