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Nuveen AMT-Free Quality Municipal Income Fund
NEA

219 hedge funds and large institutions have $768M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2019 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 76 increasing their positions, 50 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 50

42% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 19

3% more funds holding

Funds holding: 212 → 219 (+7)

0.04% less ownership

Funds ownership: 22.51% → 22.47% (-0.04%)

1% less capital invested

Capital invested by funds: $773M → $768M (-$5.1M)

50% less funds holding in top 10

Funds holding in top 10: 6 → 3 (-3)

Holders
219
Holders Change
+7
Holders Change %
+3.3%
% of All Funds
4.8%
Holding in Top 10
3
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-50%
% of All Funds
0.07%
New
27
Increased
76
Reduced
50
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$36.3M
2
RCM
Rivernorth Capital Management
Florida
+$29.4M
3
UBS Group
UBS Group
Switzerland
+$8.22M
4
Morgan Stanley
Morgan Stanley
New York
+$5.89M
5
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
+$2.01M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$69.1M
2
Wells Fargo
Wells Fargo
California
-$17.9M
3
RCM
Robinson Capital Management
Michigan
-$3.75M
4
RJFSA
Raymond James Financial Services Advisors
Florida
-$3.09M
5
SIA
Sit Investment Associates
Minnesota
-$3.07M
Name Holding Trade Value Shares
Change 		Change in
Stake
DWM
26
Dakota Wealth Management
Florida
$4.91M -$459K -32,360 -9%
JWA
27
JFS Wealth Advisors
Pennsylvania
$4.8M +$9.28K +655 +0.2%
DFG
28
Delphi Financial Group
Delaware
$4.48M – – –
Fiera Capital (Canada)
29
Fiera Capital (Canada)
Quebec, Canada
$4.38M +$160K +11,292 +4%
PNC Financial Services Group
30
PNC Financial Services Group
Pennsylvania
$4.29M -$439K -30,989 -9%
BTS
31
BB&T Securities
Virginia
$4.24M +$597K +42,122 +17%
Cohen & Steers
32
Cohen & Steers
New York
$3.9M +$175K +12,371 +5%
6M
33
6 Meridian
Kansas
$3.6M +$67.2K +4,739 +2%
Ameriprise
34
Ameriprise
Minnesota
$3.55M +$637K +44,939 +22%
AAM
35
Advisors Asset Management
Colorado
$3.48M +$158K +11,133 +5%
TW
36
TrinityPoint Wealth
Connecticut
$3.31M -$117K -8,285 -3%
AG
37
Advisor Group
Arizona
$3.2M +$126K +8,866 +4%
CIA
38
Capital Investment Advisors
Georgia
$3.04M +$1.43K +101 +0%
CCWA
39
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$2.89M +$310K +21,878 +12%
IWA
40
IBEX Wealth Advisors
New Jersey
$2.75M +$151K +10,680 +6%
CC
41
Claybrook Capital
Massachusetts
$2.64M – – –
LPL Financial
42
LPL Financial
California
$2.57M -$13.4K -948 -0.5%
UCFA
43
United Capital Financial Advisors
Texas
$2.52M +$630K +44,442 +34%
1832 Asset Management
44
1832 Asset Management
Ontario, Canada
$2.37M -$1.9M -133,800 -45%
HFA
45
Huber Financial Advisors
Illinois
$2.37M +$921 +65 +0%
Baird Financial Group
46
Baird Financial Group
Wisconsin
$2.19M +$1.43M +101,022 +195%
Janney Montgomery Scott
47
Janney Montgomery Scott
Pennsylvania
$2.19M +$191K +13,507 +10%
DLG
48
Daniel L. Goodwin
$2.15M – – –
SCA
49
Stonebridge Capital Advisors
Minnesota
$2.15M – – –
EWM
50
Edge Wealth Management
New York
$2.13M – – –
1
2
3 4 5

NEA Hedge Fund Activity: Q3 2019 in Review

219 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q3 2019, worth a combined $768M — down 0.66% from $773M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new NEA positions and 19 closed out — a net gain of 8 holders — while 76 added to existing stakes and 50 trimmed.

The largest buyer was Guggenheim Capital, adding an estimated $36.3M. The largest seller was Karpus Investment Management, cutting an estimated $69.1M.

  • 219 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q3 2019, up from 212 in Q2 2019.
  • Funds reported $768M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q3 2019, down 0.66% quarter-over-quarter.
  • 27 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q3 2019 and 19 closed out, a net change of +8 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q3 2019 was Guggenheim Capital, an estimated $36.3M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q3 2019 was Karpus Investment Management, an estimated $69.1M sold.

Based on aggregated 13F filings for Q3 2019.