Nuveen Municipal Credit Opportunities Fund
NMCO
9 hedge funds and large institutions have $27.3M invested in Nuveen Municipal Credit Opportunities Fund in 2019 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 4 increasing their positions, 1 reducing their positions, and closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 1
168% more capital invested
Capital invested by funds: $10.2M → $27.3M (+$17.1M)
50% more funds holding
Funds holding: 6 → 9 (+3)
2.37% more ownership
Funds ownership: 1.37% → 3.74% (+2.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$11.7M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$4.03M |
| 3 |
BFA
Beaumont Financial Advisors
Needham,
Massachusetts
|
+$730K |
| 4 |
WS
Wedbush Securities
Los Angeles,
California
|
+$332K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$228K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$160K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Morgan Stanley
New York
| $17.9M | +$11.7M | +759,960 | +193% |
|
|
2
UBS Group
Zurich,
Switzerland
| $4.81M | +$4.03M | +261,027 | +525% |
|
|
3
Wells Fargo
San Francisco,
California
| $2.25M | -$160K | -10,344 | -7% |
|
|
BFA
4
Beaumont Financial Advisors
Needham,
Massachusetts
| $733K | +$730K | +47,300 | New |
|
5
Royal Bank of Canada
Toronto,
Ontario, Canada
| $534K | +$183K | +11,850 | +52% |
|
|
WS
6
Wedbush Securities
Los Angeles,
California
| $514K | +$332K | +21,496 | +184% |
|
|
7
First Trust Advisors
Wheaton,
Illinois
| $229K | +$228K | +14,768 | New |
|
|
WSTAM
8
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
| $155K | – | – | – |
|
|
FA
9
Fortis Advisors
Wayne,
Pennsylvania
| $155K | +$154K | +10,000 | New |
|
NMCO Hedge Fund Activity: Q4 2019 in Review
9 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q4 2019, worth a combined $27.3M — up 168% from $10.2M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new NMCO positions and 0 closed out — a net gain of 3 holders — while 4 added to existing stakes and 1 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $11.7M. The largest seller was Wells Fargo, cutting an estimated $160K.
- 9 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q4 2019, up from 6 in Q3 2019.
- Funds reported $27.3M of Nuveen Municipal Credit Opportunities Fund stock for Q4 2019, up 168% quarter-over-quarter.
- 3 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q4 2019 and 0 closed out, a net change of +3 holders.
- The largest Nuveen Municipal Credit Opportunities Fund buyer in Q4 2019 was Morgan Stanley, an estimated $11.7M added.
- The largest Nuveen Municipal Credit Opportunities Fund seller in Q4 2019 was Wells Fargo, an estimated $160K sold.
Based on aggregated 13F filings for Q4 2019.