NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
NIQ was delisted on the 23rd of June, 2023.
31 hedge funds and large institutions have $30.5M invested in NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND in 2016 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
11% more funds holding
Funds holding: 28 → 31 (+3)
9% less capital invested
Capital invested by funds: $33.6M → $30.5M (-$3.09M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.8M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$671K |
| 3 |
TCOV
Trust Company of Vermont
Brattleboro,
Vermont
|
+$585K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$546K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$483K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.5M |
| 2 |
HK
Horizon Kinetics
New York
|
-$1.33M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$860K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$729K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$337K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VKH
26
Virtu KCG Holdings
New York
| $149K | +$155K | +12,147 | New |
|
27
SG Americas Securities
New York
| $131K | +$136K | +10,662 | New |
|
28
Citigroup
New York
| $117K | -$24.4K | -1,913 | -17% |
|
|
BFEC
29
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $56K | +$5.47K | +429 | +10% |
|
|
TIM
30
Tortoise Investment Management
White Plains,
New York
| $18K | – | – | – |
|
31
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $4K | +$3.82K | +300 | New |
|
32
LPL Financial
San Diego,
California
| – | -$197K | -14,442 | Closed |
|
|
CRC
33
Curi RMB Capital
Chicago,
Illinois
| – | -$188K | -13,589 | Closed |
|
|
BIM
34
BlackRock Investment Management
Wilmington,
Delaware
| – | -$97K | -7,000 | Closed |
|
|
WAM
35
Wolverine Asset Management
Chicago,
Illinois
| – | -$23K | -1,696 | Closed |
|
NIQ Hedge Fund Activity: Q4 2016 in Review
31 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND (NIQ) for Q4 2016, worth a combined $30.5M — down 9.2% from $33.6M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new NIQ positions and 4 closed out — a net gain of 3 holders — while 11 added to existing stakes and 7 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $4.8M. The largest seller was Karpus Investment Management, cutting an estimated $4.5M.
- 31 institutional investors held NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND (NIQ) as of Q4 2016, up from 28 in Q3 2016.
- Funds reported $30.5M of NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND stock for Q4 2016, down 9.2% quarter-over-quarter.
- 7 funds opened new NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND positions in Q4 2016 and 4 closed out, a net change of +3 holders.
- The largest NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND buyer in Q4 2016 was Rivernorth Capital Management, an estimated $4.8M added.
- The largest NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND seller in Q4 2016 was Karpus Investment Management, an estimated $4.5M sold.
Based on aggregated 13F filings for Q4 2016.