NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND
NID
NID was delisted on the 24th of March, 2023.
45 hedge funds and large institutions have $85.2M invested in NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND in 2018 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 13 reducing their positions, and 12 closing their positions.
54% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 13
2% more capital invested
Capital invested by funds: $83.2M → $85.2M (+$2.03M)
12% less funds holding
Funds holding: 51 → 45 (-6)
50% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.74M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$1.25M |
| 3 |
Morgan Stanley
New York
|
+$838K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$743K |
| 5 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$601K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$847K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$611K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$601K |
| 4 |
SCA
Snowden Capital Advisors
New York
|
-$403K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$375K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CRC
51
Curi RMB Capital
Chicago,
Illinois
| – | -$375K | -28,904 | Closed |
|
52
SG Americas Securities
New York
| – | -$265K | -20,400 | Closed |
|
|
SWP
53
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$247K | -19,000 | Closed |
|
54
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$220K | -16,963 | Closed |
|
55
Squarepoint
New York
| – | -$187K | -14,391 | Closed |
|
|
AC
56
Avestar Capital
New York
| – | -$52K | -4,015 | Closed |
|
|
AWM
57
Avior Wealth Management
Omaha,
Nebraska
| – | -$21K | -1,600 | Closed |
|
|
CCM
58
Covington Capital Management
Los Angeles,
California
| – | -$13K | -1,000 | Closed |
|
NID Hedge Fund Activity: Q1 2018 in Review
45 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND (NID) for Q1 2018, worth a combined $85.2M — up 2.4% from $83.2M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of NID and 6 opened new positions — a net loss of 6 holders — while 13 trimmed existing stakes and 20 added.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $2.74M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $847K sold.
- 45 institutional investors held NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND (NID) as of Q1 2018, down from 51 in Q4 2017.
- Funds reported $85.2M of NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND stock for Q1 2018, up 2.4% quarter-over-quarter.
- 6 funds opened new NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND positions in Q1 2018 and 12 closed out, a net change of -6 holders.
- The largest NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND buyer in Q1 2018 was Rivernorth Capital Management, an estimated $2.74M added.
- The largest NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND seller in Q1 2018 was Raymond James Financial Services Advisors, an estimated $847K sold.
Based on aggregated 13F filings for Q1 2018.