Nuveen Taxable Municipal Income Fund
NBB
52 hedge funds and large institutions have $106M invested in Nuveen Taxable Municipal Income Fund in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 20 increasing their positions, 10 reducing their positions, and 4 closing their positions.
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
100% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 10
13% more funds holding
Funds holding: 46 → 52 (+6)
11% more capital invested
Capital invested by funds: $94.9M → $106M (+$10.6M)
3.34% more ownership
Funds ownership: 15.9% → 19.24% (+3.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VHAM
Van Hulzen Asset Management
El Dorado Hills,
California
|
+$6.21M |
| 2 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$3.64M |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$2.58M |
| 4 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$2.19M |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$1.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.82M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.42M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$457K |
| 4 |
NFG
Nations Financial Group
Cedar Rapids,
Iowa
|
-$421K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
-$402K |
NBB Hedge Fund Activity: Q4 2016 in Review
52 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q4 2016, worth a combined $106M — up 11% from $94.9M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NBB positions and 4 closed out — a net gain of 7 holders — while 20 added to existing stakes and 10 trimmed.
The largest buyer was Van Hulzen Asset Management, opening a new position worth an estimated $6.21M. The largest seller was Bank of America, cutting an estimated $1.82M.
- 52 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q4 2016, up from 46 in Q3 2016.
- Funds reported $106M of Nuveen Taxable Municipal Income Fund stock for Q4 2016, up 11% quarter-over-quarter.
- 11 funds opened new Nuveen Taxable Municipal Income Fund positions in Q4 2016 and 4 closed out, a net change of +7 holders.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q4 2016 was Van Hulzen Asset Management, an estimated $6.21M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q4 2016 was Bank of America, an estimated $1.82M sold.
Based on aggregated 13F filings for Q4 2016.