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Nuveen AMT-Free Quality Municipal Income Fund
NEA

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
213
Holders Change
+7
Holders Change %
+3.4%
% of All Funds
4.87%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.14%
New
25
Increased
54
Reduced
55
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$8.76M
2
Morgan Stanley
Morgan Stanley
New York
+$7.92M
3
DWM
Dakota Wealth Management
Florida
+$3.26M
4
Wells Fargo
Wells Fargo
California
+$3.13M
5
NMC
Nine Masts Capital
Hong Kong
+$2.34M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$3.26M
2
UBS Group
UBS Group
Switzerland
-$1.19M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$885K
4
ICM
Ionic Capital Management
New York
-$881K
5
OA
Oxbow Advisors
Texas
-$590K
Name Holding Trade Value Shares
Change 		Change in
Stake
FHA
151
Flagship Harbor Advisors
Massachusetts
$97K +$99.6K +7,700 New
WB
152
Webster Bank
Connecticut
$95K – – –
TJHA
153
Thomas J. Herzfeld Advisors
Florida
$83K – – –
WEC
154
Winslow Evans & Crocker
Massachusetts
$80K – – –
CFG
155
CKW Financial Group
Hawaii
$77K – – –
RCAG
156
Rehmann Capital Advisory Group
Michigan
$73.3K – – –
TNBTD
157
Trustmark National Bank Trust Department
Mississippi
$72K +$73.3K +5,671 New
WAM
158
Wealthspire Advisors (Maryland)
Maryland
$71K – – –
NFG
159
Next Financial Group
Texas
$71K +$72.9K +5,635 New
BFC
160
Bedel Financial Consulting
Indiana
$69K – – –
RBC
161
Roble Belko & Company
Pennsylvania
$69K – – –
1IA
162
1834 Investment Advisors
Wisconsin
$68K – – –
OIA
163
OneDigital Investment Advisors
Kansas
$68K – – –
RFM
164
Royal Fund Management
Florida
$67K +$841 +65 +1%
QCIG
165
Quad-Cities Investment Group
Iowa
$65K +$10.3K +799 +18%
PFSC
166
Peoples Financial Services Corp
Pennsylvania
$58K – – –
APP
167
Avantax Planning Partners
Iowa
$58K +$59.6K +4,611 New
AA
168
Ancora Advisors
Ohio
$54K +$55K +4,254 New
FCMT
169
Founders Capital Management (Texas)
Texas
$51K – – –
PFGIA
170
Patriot Financial Group Insurance Agency
Massachusetts
$50K – – –
AF
171
Advisornet Financial
Minnesota
$48K -$48.2K -3,725 -50%
Citigroup
172
Citigroup
New York
$45K -$27.4K -2,118 -37%
WAP
173
Wealthcare Advisory Partners
Pennsylvania
$43K – – –
HT
174
Heritage Trust
Oklahoma
$41K – – –
HFM
175
Hartford Financial Management
Connecticut
$39K – – –
5 6
7
8 9

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.