NUVEEN MUNI ADVANTAGE FUND
NMA
NMA was delisted on the 8th of April, 2016.
64 hedge funds and large institutions have $84.7M invested in NUVEEN MUNI ADVANTAGE FUND in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 22 increasing their positions, 17 reducing their positions, and 15 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 17
11% more capital invested
Capital invested by funds: $76.3M → $84.7M (+$8.43M)
10% less funds holding
Funds holding: 71 → 64 (-7)
47% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.46M |
| 2 |
Cohen & Steers
New York
|
+$1.34M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.23M |
| 4 |
NCM
Narwhal Capital Management
Marietta,
Georgia
|
+$1.01M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$898K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.48M |
| 2 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$1.12M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$986K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$753K |
| 5 |
Barclays
London,
United Kingdom
|
-$544K |
NMA Hedge Fund Activity: Q1 2014 in Review
64 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in NUVEEN MUNI ADVANTAGE FUND (NMA) for Q1 2014, worth a combined $84.7M — up 11% from $76.3M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of NMA and 8 opened new positions — a net loss of 7 holders — while 17 trimmed existing stakes and 22 added.
The largest buyer was Karpus Investment Management, adding an estimated $3.46M. The largest seller was Morgan Stanley, cutting an estimated $1.48M.
- 64 institutional investors held NUVEEN MUNI ADVANTAGE FUND (NMA) as of Q1 2014, down from 71 in Q4 2013.
- Funds reported $84.7M of NUVEEN MUNI ADVANTAGE FUND stock for Q1 2014, up 11% quarter-over-quarter.
- 8 funds opened new NUVEEN MUNI ADVANTAGE FUND positions in Q1 2014 and 15 closed out, a net change of -7 holders.
- The largest NUVEEN MUNI ADVANTAGE FUND buyer in Q1 2014 was Karpus Investment Management, an estimated $3.46M added.
- The largest NUVEEN MUNI ADVANTAGE FUND seller in Q1 2014 was Morgan Stanley, an estimated $1.48M sold.
Based on aggregated 13F filings for Q1 2014.