Nuveen California AMT-Free Quality Municipal Income Fund
NKX
42 hedge funds and large institutions have $57.7M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 7 closing their positions.
1.15% less ownership
Funds ownership: 8.89% → 7.74% (-1.2%)
7% less funds holding
Funds holding: 45 → 42 (-3)
7% less capital invested
Capital invested by funds: $62M → $57.7M (-$4.26M)
18% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 11
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$874K |
| 2 |
IA
IFP Advisors
Tampa,
Florida
|
+$483K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$360K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$352K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$340K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$5.85M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$920K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$825K |
| 4 |
Cohen & Steers
New York
|
-$735K |
| 5 |
PMG
Private Management Group
Irvine,
California
|
-$729K |
NKX Hedge Fund Activity: Q2 2016 in Review
42 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q2 2016, worth a combined $57.7M — down 6.9% from $62M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NKX and 5 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 9 added.
The largest buyer was Raymond James & Associates, opening a new position worth an estimated $874K. The largest seller was LPL Financial, cutting an estimated $5.85M.
- 42 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q2 2016, down from 45 in Q1 2016.
- Funds reported $57.7M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q2 2016, down 6.9% quarter-over-quarter.
- 5 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q2 2016 and 7 closed out, a net change of -2 holders.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q2 2016 was Raymond James & Associates, an estimated $874K added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q2 2016 was LPL Financial, an estimated $5.85M sold.
Based on aggregated 13F filings for Q2 2016.