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Nuveen AMT-Free Quality Municipal Income Fund
NEA

247 hedge funds and large institutions have $885M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2019 Q4 according to their latest regulatory filings, with 49 funds opening new positions, 89 increasing their positions, 44 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

188% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 17

102% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 44

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

15% more capital invested

Capital invested by funds: $768M → $885M (+$117M)

13% more funds holding

Funds holding: 219 → 247 (+28)

0.41% less ownership

Funds ownership: 22.47% → 22.06% (-0.41%)

Holders
247
Holders Change
+28
Holders Change %
+12.79%
% of All Funds
4.87%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.1%
New
49
Increased
89
Reduced
44
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$17M
2
SIA
Sit Investment Associates
Minnesota
+$12.3M
3
Morgan Stanley
Morgan Stanley
New York
+$5.87M
4
UBS Group
UBS Group
Switzerland
+$5.55M
5
Truist Financial
Truist Financial
North Carolina
+$5.22M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$18.9M
2
COLIM
City of London Investment Management
United Kingdom
-$3.33M
3
VCM
Vivaldi Capital Management
Illinois
-$3.12M
4
EWM
Edge Wealth Management
New York
-$2.13M
5
RCM
Robinson Capital Management
Michigan
-$1.78M
Name Holding Trade Value Shares
Change 		Change in
Stake
UR
251
USCA RIA
Texas
– -$768K -53,658 Closed
TBA
252
Tower Bridge Advisors
Pennsylvania
– -$590K -41,744 Closed
BWCS
253
Beirne Wealth Consulting Services
Connecticut
– -$276K -19,198 Closed
CB
254
Commerce Bank
Missouri
– -$242K -16,872 Closed
TW
255
Transform Wealth
Colorado
– -$163K -11,378 Closed
NS
256
NewDay Solutions
New Hampshire
– -$135K -9,485 Closed
GWAG
257
Garrett Wealth Advisory Group
Texas
– -$86.4K -6,038 Closed
QCIG
258
Quad-Cities Investment Group
Iowa
– -$75K -5,256 Closed
GSWM
259
Golden State Wealth Management
California
– -$46K -3,200 Closed
PMFA
260
Plante Moran Financial Advisors
Michigan
– -$29K -2,056 Closed
BWM
261
BerganKDV Wealth Management
Minnesota
– -$21K -1,474 Closed
CWM
262
Cranbrook Wealth Management
Michigan
– -$8K -560 Closed
FANJ
263
Financial Architects (New Jersey)
New Jersey
– -$6K -387 Closed
BlackRock
264
BlackRock
New York
– -$1K -66 Closed
Fidelity Investments
265
Fidelity Investments
Massachusetts
– +$14 +1 New
7 8 9 10
11

NEA Hedge Fund Activity: Q4 2019 in Review

247 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q4 2019, worth a combined $885M — up 15% from $768M a quarter earlier.

Buyers outnumbered sellers: 49 funds opened new NEA positions and 17 closed out — a net gain of 32 holders — while 89 added to existing stakes and 44 trimmed.

The largest buyer was Wells Fargo, adding an estimated $17M. The largest seller was Karpus Investment Management, cutting an estimated $18.9M.

  • 247 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q4 2019, up from 219 in Q3 2019.
  • Funds reported $885M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q4 2019, up 15% quarter-over-quarter.
  • 49 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q4 2019 and 17 closed out, a net change of +32 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q4 2019 was Wells Fargo, an estimated $17M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q4 2019 was Karpus Investment Management, an estimated $18.9M sold.

Based on aggregated 13F filings for Q4 2019.