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Nuveen AMT-Free Quality Municipal Income Fund

216 hedge funds and large institutions have $734M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2018 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 58 increasing their positions, 53 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 34

11% more capital invested

Capital invested by funds: $659M → $734M (+$75M)

3.45% more ownership

Funds ownership: 19.21%22.66% (+3.4%)

1% more funds holding

Funds holding: 213216 (+3)

9% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 53

17% less funds holding in top 10

Funds holding in top 10: 65 (-1)

Holders
216
Holders Change
+3
Holders Change %
+1.41%
% of All Funds
4.81%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.11%
New
40
Increased
58
Reduced
53
Closed
34
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KeyBank National Association
151
KeyBank National Association
Ohio
$127K
IA
152
IFP Advisors
Florida
$126K -$18.2K -1,487 -13%
OLA
153
Oliver Luxxe Assets
New Jersey
$125K
THWM
154
Taylor Hoffman Wealth Management
Virginia
$124K
NS
155
NewDay Solutions
New Hampshire
$117K +$116K +9,485 New
ASN
156
Advisory Services Network
Georgia
$113K -$46.5K -3,789 -29%
RFC
157
Regions Financial Corp
Alabama
$111K -$265K -21,568 -71%
WB
158
Webster Bank
Connecticut
$93K
TJHA
159
Thomas J. Herzfeld Advisors
Florida
$82K +$1.72K +140 +2%
CFG
160
CKW Financial Group
Hawaii
$75K
KPW
161
Kore Private Wealth
New York
$75K +$74.7K +6,092 New
RCAG
162
Rehmann Capital Advisory Group
Michigan
$71.2K
BFC
163
Bedel Financial Consulting
Indiana
$70K
TNBTD
164
Trustmark National Bank Trust Department
Mississippi
$70K
WAM
165
Wealthspire Advisors (Maryland)
Maryland
$69K
RBC
166
Roble Belko & Company
Pennsylvania
$67K
RFM
167
Royal Fund Management
Florida
$66K +$859 +70 +1%
WAP
168
Wealthcare Advisory Partners
Pennsylvania
$66K +$24.5K +2,000 +59%
FCMT
169
Founders Capital Management (Texas)
Texas
$62K +$12.3K +1,000 +25%
Citigroup
170
Citigroup
New York
$59K +$15.1K +1,232 +35%
QCIG
171
Quad-Cities Investment Group
Iowa
$58K -$5.11K -417 -8%
PFSC
172
Peoples Financial Services Corp
Pennsylvania
$56K
HS
173
Horan Securities
United States
$52K +$49.7K +4,056 New
AF
174
Advisornet Financial
Minnesota
$47K +$601 +49 +1%
1IA
175
1834 Investment Advisors
Wisconsin
$46K

NEA Hedge Fund Activity: Q4 2018 in Review

216 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q4 2018, worth a combined $734M — up 11% from $659M a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new NEA positions and 34 closed out — a net gain of 6 holders — while 58 added to existing stakes and 53 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $76M. The largest seller was UBS Group, cutting an estimated $14.3M.

  • 216 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q4 2018, up from 213 in Q3 2018.
  • Funds reported $734M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q4 2018, up 11% quarter-over-quarter.
  • 40 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q4 2018 and 34 closed out, a net change of +6 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q4 2018 was Karpus Investment Management, an estimated $76M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q4 2018 was UBS Group, an estimated $14.3M sold.

Based on aggregated 13F filings for Q4 2018.