Nuveen AMT-Free Quality Municipal Income Fund
203 hedge funds and large institutions have $564M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2017 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 56 increasing their positions, 41 reducing their positions, and 18 closing their positions.
133% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 18
37% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 41
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
13% more funds holding
Funds holding: 180 → 203 (+23)
9% more capital invested
Capital invested by funds: $518M → $564M (+$45.6M)
1.39% more ownership
Funds ownership: 14.22% → 15.61% (+1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$13.9M |
| 2 |
Morgan Stanley
New York
|
+$11.1M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$4.51M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$3.72M |
| 5 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$1.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.26M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.93M |
| 3 |
NPC
National Planning Corporation
El Segundo,
California
|
-$1.63M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$1.46M |
| 5 |
SA
Strategic Advisors
New York
|
-$908K |
NEA Hedge Fund Activity: Q4 2017 in Review
203 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q4 2017, worth a combined $564M — up 8.8% from $518M a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new NEA positions and 18 closed out — a net gain of 24 holders — while 56 added to existing stakes and 41 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $13.9M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $2.26M sold.
- 203 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q4 2017, up from 180 in Q3 2017.
- Funds reported $564M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q4 2017, up 8.8% quarter-over-quarter.
- 42 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q4 2017 and 18 closed out, a net change of +24 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q4 2017 was Karpus Investment Management, an estimated $13.9M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q4 2017 was Raymond James Financial Services Advisors, an estimated $2.26M sold.
Based on aggregated 13F filings for Q4 2017.