NUVEEN MUNI ADVANTAGE FUND
NMA
NMA was delisted on the 8th of April, 2016.
66 hedge funds and large institutions have $94.2M invested in NUVEEN MUNI ADVANTAGE FUND in 2014 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 11 increasing their positions, 33 reducing their positions, and 10 closing their positions.
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
5% more funds holding
Funds holding: 63 → 66 (+3)
1.5% less ownership
Funds ownership: 17.52% → 16.02% (-1.5%)
8% less capital invested
Capital invested by funds: $103M → $94.2M (-$8.45M)
67% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
B
Baird
Milwaukee,
Wisconsin
|
+$2.47M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.86M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.84M |
| 4 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$1.56M |
| 5 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$1.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.22M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.13M |
| 3 |
Cohen & Steers
New York
|
-$3.95M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.35M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.23M |
NMA Hedge Fund Activity: Q3 2014 in Review
66 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in NUVEEN MUNI ADVANTAGE FUND (NMA) for Q3 2014, worth a combined $94.2M — down 8.2% from $103M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new NMA positions and 10 closed out — a net gain of 3 holders — while 11 added to existing stakes and 33 trimmed.
The largest buyer was Baird, adding an estimated $2.47M. The largest seller was Rivernorth Capital Management, cutting an estimated $5.22M.
- 66 institutional investors held NUVEEN MUNI ADVANTAGE FUND (NMA) as of Q3 2014, up from 63 in Q2 2014.
- Funds reported $94.2M of NUVEEN MUNI ADVANTAGE FUND stock for Q3 2014, down 8.2% quarter-over-quarter.
- 13 funds opened new NUVEEN MUNI ADVANTAGE FUND positions in Q3 2014 and 10 closed out, a net change of +3 holders.
- The largest NUVEEN MUNI ADVANTAGE FUND buyer in Q3 2014 was Baird, an estimated $2.47M added.
- The largest NUVEEN MUNI ADVANTAGE FUND seller in Q3 2014 was Rivernorth Capital Management, an estimated $5.22M sold.
Based on aggregated 13F filings for Q3 2014.