NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
NIQ was delisted on the 23rd of June, 2023.
25 hedge funds and large institutions have $35.5M invested in NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND in 2016 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
4% more funds holding
Funds holding: 24 → 25 (+1)
18% less capital invested
Capital invested by funds: $43.5M → $35.5M (-$7.94M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$606K |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$290K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$284K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$279K |
| 5 |
SI
SII Investments
Appleton,
Wisconsin
|
+$212K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$8.75M |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$1.32M |
| 3 |
Edgewood Management
Greenwich,
Connecticut
|
-$300K |
| 4 |
LPL Financial
San Diego,
California
|
-$206K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$69K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Northern Trust
Chicago,
Illinois
| – | -$2K | -16,030 | Closed |
|
|
27
LPL Financial
San Diego,
California
| – | -$206K | -15,108 | Closed |
|
|
TJHA
28
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$69K | -5,100 | Closed |
|
NIQ Hedge Fund Activity: Q2 2016 in Review
25 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND (NIQ) for Q2 2016, worth a combined $35.5M — down 18% from $43.5M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new NIQ positions and 3 closed out — a net gain of 1 holder — while 11 added to existing stakes and 9 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $606K. The largest seller was Karpus Investment Management, cutting an estimated $8.75M.
- 25 institutional investors held NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND (NIQ) as of Q2 2016, up from 24 in Q1 2016.
- Funds reported $35.5M of NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND stock for Q2 2016, down 18% quarter-over-quarter.
- 4 funds opened new NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND positions in Q2 2016 and 3 closed out, a net change of +1 holder.
- The largest NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND buyer in Q2 2016 was Morgan Stanley, an estimated $606K added.
- The largest NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND seller in Q2 2016 was Karpus Investment Management, an estimated $8.75M sold.
Based on aggregated 13F filings for Q2 2016.