NUVEEN ENHANCED MUNICIPAL VALUE FUND
NEV
NEV was delisted on the 3rd of June, 2022.
42 hedge funds and large institutions have $36.7M invested in NUVEEN ENHANCED MUNICIPAL VALUE FUND in 2018 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 12 reducing their positions, and 11 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 12
3% less capital invested
Capital invested by funds: $37.9M → $36.7M (-$1.26M)
9% less funds holding
Funds holding: 46 → 42 (-4)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$1.45M |
| 2 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$411K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$400K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$330K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$268K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$738K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$393K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$320K |
| 4 |
CA
Cetera Advisors
Denver,
Colorado
|
-$241K |
| 5 |
Squarepoint
New York
|
-$208K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FFG
51
Ford Financial Group
Fresno,
California
| – | -$98K | -6,900 | Closed |
|
52
SEI Investments
Oaks,
Pennsylvania
| – | -$32K | -2,222 | Closed |
|
|
TRCT
53
Tower Research Capital (TRC)
New York
| – | -$5K | -343 | Closed |
|
NEV Hedge Fund Activity: Q1 2018 in Review
42 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in NUVEEN ENHANCED MUNICIPAL VALUE FUND (NEV) for Q1 2018, worth a combined $36.7M — down 3.3% from $37.9M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of NEV and 7 opened new positions — a net loss of 4 holders — while 12 trimmed existing stakes and 13 added.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $1.45M. The largest seller was Morgan Stanley, cutting an estimated $738K.
- 42 institutional investors held NUVEEN ENHANCED MUNICIPAL VALUE FUND (NEV) as of Q1 2018, down from 46 in Q4 2017.
- Funds reported $36.7M of NUVEEN ENHANCED MUNICIPAL VALUE FUND stock for Q1 2018, down 3.3% quarter-over-quarter.
- 7 funds opened new NUVEEN ENHANCED MUNICIPAL VALUE FUND positions in Q1 2018 and 11 closed out, a net change of -4 holders.
- The largest NUVEEN ENHANCED MUNICIPAL VALUE FUND buyer in Q1 2018 was Laurion Capital Management, an estimated $1.45M added.
- The largest NUVEEN ENHANCED MUNICIPAL VALUE FUND seller in Q1 2018 was Morgan Stanley, an estimated $738K sold.
Based on aggregated 13F filings for Q1 2018.