Nuveen AMT-Free Quality Municipal Income Fund
176 hedge funds and large institutions have $434M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2017 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 48 increasing their positions, 38 reducing their positions, and 25 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 38
16% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 25
2% more funds holding
Funds holding: 173 → 176 (+3)
0% more ownership
Funds ownership: 12.37% → 12.38% (+0%)
0% less capital invested
Capital invested by funds: $435M → $434M (-$889K)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$10.2M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.66M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$2.24M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$2.04M |
| 5 |
Morgan Stanley
New York
|
+$1.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OA
Oxbow Advisors
Austin,
Texas
|
-$16.3M |
| 2 |
LPL Financial
San Diego,
California
|
-$5.77M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$3.32M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.3M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$2.21M |
NEA Hedge Fund Activity: Q1 2017 in Review
176 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q1 2017, worth a combined $434M — down 0.2% from $435M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new NEA positions and 25 closed out — a net gain of 4 holders — while 48 added to existing stakes and 38 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $10.2M. The largest seller was Oxbow Advisors, exiting entirely with an estimated $16.3M sold.
- 176 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q1 2017, up from 173 in Q4 2016.
- Funds reported $434M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q1 2017, down 0.2% quarter-over-quarter.
- 29 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q1 2017 and 25 closed out, a net change of +4 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q1 2017 was Rivernorth Capital Management, an estimated $10.2M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q1 2017 was Oxbow Advisors, an estimated $16.3M sold.
Based on aggregated 13F filings for Q1 2017.