Nuveen New Jersey Municipal Value Fund Common shares of beneficial interest
NJV was delisted on the 5th of March, 2021.
12 hedge funds and large institutions have $2.14M invested in Nuveen New Jersey Municipal Value Fund Common shares of beneficial interest in 2020 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 4 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
26% more capital invested
Capital invested by funds: $1.7M → $2.14M (+$439K)
9% more funds holding
Funds holding: 11 → 12 (+1)
25% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$436K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$230K |
| 3 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$27.1K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$21.4K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.61K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$256K |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$87K |
| 3 |
Morgan Stanley
New York
|
-$67.2K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$20K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$14.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Morgan Stanley
New York
| $674K | -$67.2K | -4,970 | -9% |
|
|
RCM
2
Rivernorth Capital Management
West Palm Beach,
Florida
| $445K | +$436K | +32,258 | New |
|
|
SIA
3
Sit Investment Associates
Minneapolis,
Minnesota
| $234K | +$230K | +16,986 | New |
|
4
Bank of America
Charlotte,
North Carolina
| $227K | +$392 | +29 | +0.2% |
|
|
MC
5
Matisse Capital
Portland,
Oregon
| $207K | -$256K | -18,924 | -56% |
|
|
WAM
6
Wolverine Asset Management
Chicago,
Illinois
| $136K | +$1.61K | +119 | +1% |
|
|
7
UBS Group
Zurich,
Switzerland
| $87K | -$20K | -1,482 | -19% |
|
8
Citigroup
New York
| $48K | – | – | – |
|
|
9
Osaic Holdings
Scottsdale,
Arizona
| $42K | +$21.4K | +1,579 | +109% |
|
|
TIM
10
Tortoise Investment Management
White Plains,
New York
| $28K | +$27.1K | +2,000 | New |
|
11
Royal Bank of Canada
Toronto,
Ontario, Canada
| $10K | – | – | – |
|
|
12
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$87K | -6,960 | Closed |
|
|
13
Wells Fargo
San Francisco,
California
| – | -$14.2K | -1,048 | -100% |
|
14
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$4K | -350 | Closed |
|
NJV Hedge Fund Activity: Q3 2020 in Review
12 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Nuveen New Jersey Municipal Value Fund Common shares of beneficial interest (NJV) for Q3 2020, worth a combined $2.14M — up 26% from $1.7M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new NJV positions and 2 closed out — a net gain of 1 holder — while 3 added to existing stakes and 4 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $436K. The largest seller was Matisse Capital, cutting an estimated $256K.
- 12 institutional investors held Nuveen New Jersey Municipal Value Fund Common shares of beneficial interest (NJV) as of Q3 2020, up from 11 in Q2 2020.
- Funds reported $2.14M of Nuveen New Jersey Municipal Value Fund Common shares of beneficial interest stock for Q3 2020, up 26% quarter-over-quarter.
- 3 funds opened new Nuveen New Jersey Municipal Value Fund Common shares of beneficial interest positions in Q3 2020 and 2 closed out, a net change of +1 holder.
- The largest Nuveen New Jersey Municipal Value Fund Common shares of beneficial interest buyer in Q3 2020 was Rivernorth Capital Management, an estimated $436K added.
- The largest Nuveen New Jersey Municipal Value Fund Common shares of beneficial interest seller in Q3 2020 was Matisse Capital, an estimated $256K sold.
Based on aggregated 13F filings for Q3 2020.