NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
NIQ was delisted on the 23rd of June, 2023.
28 hedge funds and large institutions have $33.6M invested in NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 10 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
12% more funds holding
Funds holding: 25 → 28 (+3)
0% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 10
5% less capital invested
Capital invested by funds: $35.5M → $33.6M (-$1.92M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$543K |
| 2 |
LPL Financial
San Diego,
California
|
+$199K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$157K |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$110K |
| 5 |
BIM
BlackRock Investment Management
Wilmington,
Delaware
|
+$96.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.1M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$99.9K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$86.9K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$58.9K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$41.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
26
Wolverine Asset Management
Chicago,
Illinois
| $23K | -$86.9K | -6,303 | -79% |
|
|
TIM
27
Tortoise Investment Management
White Plains,
New York
| $21K | -$22.1K | -1,600 | -52% |
|
|
TCOV
28
Trust Company of Vermont
Brattleboro,
Vermont
| $7K | +$6.9K | +500 | New |
|
29
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$4K | -300 | Closed |
|
NIQ Hedge Fund Activity: Q3 2016 in Review
28 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND (NIQ) for Q3 2016, worth a combined $33.6M — down 5.4% from $35.5M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new NIQ positions and 1 closed out — a net gain of 3 holders — while 10 added to existing stakes and 10 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $543K. The largest seller was Karpus Investment Management, cutting an estimated $3.1M.
- 28 institutional investors held NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND (NIQ) as of Q3 2016, up from 25 in Q2 2016.
- Funds reported $33.6M of NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND stock for Q3 2016, down 5.4% quarter-over-quarter.
- 4 funds opened new NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND positions in Q3 2016 and 1 closed out, a net change of +3 holders.
- The largest NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND buyer in Q3 2016 was Morgan Stanley, an estimated $543K added.
- The largest NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND seller in Q3 2016 was Karpus Investment Management, an estimated $3.1M sold.
Based on aggregated 13F filings for Q3 2016.