Nuveen AMT-Free Quality Municipal Income Fund
213 hedge funds and large institutions have $659M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2018 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 54 increasing their positions, 55 reducing their positions, and 18 closing their positions.
39% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 18
3% more funds holding
Funds holding: 206 → 213 (+7)
4% more capital invested
Capital invested by funds: $631M → $659M (+$27.7M)
0.8% more ownership
Funds ownership: 18.41% → 19.21% (+0.8%)
2% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 55
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$8.76M |
| 2 |
Morgan Stanley
New York
|
+$7.92M |
| 3 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
+$3.26M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$3.13M |
| 5 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$2.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.26M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.19M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$885K |
| 4 |
ICM
Ionic Capital Management
New York
|
-$881K |
| 5 |
OA
Oxbow Advisors
Austin,
Texas
|
-$590K |
NEA Hedge Fund Activity: Q3 2018 in Review
213 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q3 2018, worth a combined $659M — up 4.4% from $631M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new NEA positions and 18 closed out — a net gain of 7 holders — while 54 added to existing stakes and 55 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $8.76M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.26M.
- 213 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q3 2018, up from 206 in Q2 2018.
- Funds reported $659M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q3 2018, up 4.4% quarter-over-quarter.
- 25 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q3 2018 and 18 closed out, a net change of +7 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q3 2018 was Karpus Investment Management, an estimated $8.76M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q3 2018 was Rivernorth Capital Management, an estimated $3.26M sold.
Based on aggregated 13F filings for Q3 2018.