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Nuveen AMT-Free Quality Municipal Income Fund
NEA

176 hedge funds and large institutions have $434M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2017 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 48 increasing their positions, 39 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 39

16% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 25

2% more funds holding

Funds holding: 173 → 176 (+3)

0.06% less ownership

Funds ownership: 12.44% → 12.38% (-0.06%)

1% less capital invested

Capital invested by funds: $436M → $434M (-$2.43M)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
176
Holders Change
+3
Holders Change %
+1.73%
% of All Funds
4.38%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
29
Increased
48
Reduced
39
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$10.2M
2
KIM
Karpus Investment Management
New York
+$7.66M
3
Stifel Financial
Stifel Financial
Missouri
+$2.24M
4
Wells Fargo
Wells Fargo
California
+$2.04M
5
Morgan Stanley
Morgan Stanley
New York
+$1.77M

Top Sellers

Rank Fund Capital Flow
1
OA
Oxbow Advisors
Texas
-$16.3M
2
LPL Financial
LPL Financial
California
-$5.77M
3
Bank of America
Bank of America
North Carolina
-$3.32M
4
AAM
Advisors Asset Management
Colorado
-$2.3M
5
Invesco
Invesco
Georgia
-$2.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCM
26
Tradewinds Capital Management
Washington
$2.19M -$19.9K -1,500 -0.9%
1832 Asset Management
27
1832 Asset Management
Ontario, Canada
$2.14M -$2.13M -160,000 -50%
Cohen & Steers
28
Cohen & Steers
New York
$2.13M – – –
CCWA
29
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$2.13M -$39.9K -3,000 -2%
RJFSA
30
Raymond James Financial Services Advisors
Florida
$2.08M +$176K +13,270 +9%
CIA
31
Capital Investment Advisors
Georgia
$2.04M -$31.4K -2,362 -2%
PNC Financial Services Group
32
PNC Financial Services Group
Pennsylvania
$2.01M +$513K +38,602 +35%
DLG
33
Daniel L. Goodwin
$2.01M – – –
NCMW
34
Northern Capital Management (Wisconsin)
Wisconsin
$1.9M -$190K -14,274 -9%
NPC
35
National Planning Corporation
California
$1.67M – – –
Ameriprise
36
Ameriprise
Minnesota
$1.66M +$649K +48,860 +65%
Northwestern Mutual Wealth Management
37
Northwestern Mutual Wealth Management
Wisconsin
$1.38M -$165K -12,410 -11%
SAM
38
Shamrock Asset Management
Texas
$1.35M -$8.16K -614 -0.6%
Fifth Third Bancorp
39
Fifth Third Bancorp
Ohio
$1.26M +$27 +2 +0%
Janney Montgomery Scott
40
Janney Montgomery Scott
Pennsylvania
$1.25M +$143K +10,756 +13%
Cambridge Investment Research Advisors
41
Cambridge Investment Research Advisors
Iowa
$1.24M +$288K +21,682 +31%
WTC
42
WhitTier Trust Company
Nevada
$1.21M +$822K +61,887 +215%
BFEC
43
Benjamin F. Edwards & Company
Missouri
$1.2M +$72.9K +5,491 +7%
NL
44
NWAM LLC
Washington
$1.16M – – –
RJT
45
Raymond James Trust
Florida
$1.11M +$7.15K +538 +0.7%
FFA
46
First Foundation Advisors
California
$1.06M +$167K +12,545 +19%
SFWA
47
Summit Financial Wealth Advisors
Louisiana
$930K -$131K -9,882 -12%
SA
48
Strategic Advisors
New York
$920K +$914K +68,834 New
Creative Planning
49
Creative Planning
Kansas
$910K -$417K -31,367 -32%
ICA
50
Infrastructure Capital Advisors
New York
$859K – – –
1
2
3 4 5

NEA Hedge Fund Activity: Q1 2017 in Review

176 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q1 2017, worth a combined $434M — down 0.56% from $436M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new NEA positions and 25 closed out — a net gain of 4 holders — while 48 added to existing stakes and 39 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $10.2M. The largest seller was Oxbow Advisors, exiting entirely with an estimated $16.3M sold.

  • 176 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q1 2017, up from 173 in Q4 2016.
  • Funds reported $434M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q1 2017, down 0.56% quarter-over-quarter.
  • 29 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q1 2017 and 25 closed out, a net change of +4 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q1 2017 was Rivernorth Capital Management, an estimated $10.2M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q1 2017 was Oxbow Advisors, an estimated $16.3M sold.

Based on aggregated 13F filings for Q1 2017.