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Nuveen AMT-Free Quality Municipal Income Fund
NEA

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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
203
Holders Change
+23
Holders Change %
+12.78%
% of All Funds
4.6%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.09%
New
42
Increased
56
Reduced
41
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$13.9M
2
Morgan Stanley
Morgan Stanley
New York
+$11.1M
3
PPA
Parametric Portfolio Associates
Washington
+$4.51M
4
Wells Fargo
Wells Fargo
California
+$3.72M
5
VCM
Vivaldi Capital Management
Illinois
+$1.66M

Top Sellers

Rank Fund Capital Flow
1
RJFSA
Raymond James Financial Services Advisors
Florida
-$2.26M
2
GC
Guggenheim Capital
Illinois
-$1.93M
3
NPC
National Planning Corporation
California
-$1.63M
4
Invesco
Invesco
Georgia
-$1.46M
5
SA
Strategic Advisors
New York
-$908K
Name Holding Trade Value Shares
Change 		Change in
Stake
AIS
176
Accurate Investment Solutions
Pennsylvania
$30K – – –
DAM
177
Delta Asset Management
Tennessee
$30K – – –
AssetMark Inc
178
AssetMark Inc
California
$24K – – –
SPIA
179
Steward Partners Investment Advisory
New York
$23K +$3.21K +234 +16%
CPIG
180
Chicago Partners Investment Group
Illinois
$22K – – –
SIC
181
Salem Investment Counselors
North Carolina
$22K – – –
LYV
182
Live Your Vision
Pennsylvania
$20K – – –
BC
183
Bartlett & Co
Ohio
$19K – – –
CFA
184
Carroll Financial Associates
North Carolina
$19K – – –
BWL
185
Bogart Wealth LLC
Virginia
$16K – – –
WA
186
Winfield Associates
Ohio
$16K – – –
AOWM
187
Alpha Omega Wealth Management
Virginia
$14K – – –
CTC
188
Central Trust Company
Missouri
$14K +$13.7K +1,000 New
HCM
189
Highlander Capital Management
New Jersey
$13K – – –
PWM
190
Perigon Wealth Management
California
$12K – – –
POIA
191
Pin Oak Investment Advisors
Texas
$10K +$9.7K +707 New
CAC
192
Certified Advisory Corp
Florida
$10K +$10.8K +788 New
MRCM
193
M&R Capital Management
New Jersey
$9K – – –
CCM
194
Cribstone Capital Management
Maine
$7K – – –
HNB
195
Huntington National Bank
Ohio
$7K – – –
SBL
196
Sargent Bickham Lagudis
Colorado
$7K – – –
BTIS
197
BB&T Investment Services
North Carolina
$6K – – –
FANJ
198
Financial Architects (New Jersey)
New Jersey
$5K – – –
Northern Trust
199
Northern Trust
Illinois
$4K -$2.46K -179 -0.6%
SIAP
200
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
$3K – – –
5 6 7
8
9

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.