NUVEEN ENHANCED MUNICIPAL VALUE FUND
NEV
NEV was delisted on the 3rd of June, 2022.
48 hedge funds and large institutions have $47.8M invested in NUVEEN ENHANCED MUNICIPAL VALUE FUND in 2020 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 10 reducing their positions, and 7 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 10
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
2% less funds holding
Funds holding: 49 → 48 (-1)
5% less capital invested
Capital invested by funds: $50.5M → $47.8M (-$2.67M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.58M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$667K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$522K |
| 4 |
BI
Bramshill Investments
Naples,
Florida
|
+$485K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$465K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$2.31M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$964K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$409K |
| 4 |
VanEck Associates
New York
|
-$400K |
| 5 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$282K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IAA
51
Independent Advisor Alliance
Charlotte,
North Carolina
| – | -$282K | -18,932 | Closed |
|
52
Baird Financial Group
Milwaukee,
Wisconsin
| – | -$159K | -10,697 | Closed |
|
53
HighTower Advisors
Chicago,
Illinois
| – | -$151K | -10,205 | Closed |
|
54
Allianz Asset Management
Munich,
Germany
| – | -$73K | -4,887 | Closed |
|
55
JP Morgan Chase
New York
| – | -$5K | -361 | Closed |
|
NEV Hedge Fund Activity: Q1 2020 in Review
48 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in NUVEEN ENHANCED MUNICIPAL VALUE FUND (NEV) for Q1 2020, worth a combined $47.8M — down 5.3% from $50.5M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new NEV positions and 7 closed out — a net gain of 2 holders — while 18 added to existing stakes and 10 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $3.58M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $2.31M sold.
- 48 institutional investors held NUVEEN ENHANCED MUNICIPAL VALUE FUND (NEV) as of Q1 2020, down from 49 in Q4 2019.
- Funds reported $47.8M of NUVEEN ENHANCED MUNICIPAL VALUE FUND stock for Q1 2020, down 5.3% quarter-over-quarter.
- 9 funds opened new NUVEEN ENHANCED MUNICIPAL VALUE FUND positions in Q1 2020 and 7 closed out, a net change of +2 holders.
- The largest NUVEEN ENHANCED MUNICIPAL VALUE FUND buyer in Q1 2020 was Rivernorth Capital Management, an estimated $3.58M added.
- The largest NUVEEN ENHANCED MUNICIPAL VALUE FUND seller in Q1 2020 was Fiera Capital (Canada), an estimated $2.31M sold.
Based on aggregated 13F filings for Q1 2020.