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Nuveen Municipal High Income Opportunity Fund
NMZ

86 hedge funds and large institutions have $84.7M invested in Nuveen Municipal High Income Opportunity Fund in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 33 increasing their positions, 22 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 22

1.03% less ownership

Funds ownership: 9.15% → 8.13% (-1%)

6% less capital invested

Capital invested by funds: $90M → $84.7M (-$5.3M)

9% less funds holding

Funds holding: 94 → 86 (-8)

53% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 15

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
86
Holders Change
-8
Holders Change %
-8.51%
% of All Funds
1.76%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
7
Increased
33
Reduced
22
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
FAIM
Financial Advocates Investment Management
Washington
+$1.81M
2
UBS Group
UBS Group
Switzerland
+$1.09M
3
BFEC
Benjamin F. Edwards & Company
Missouri
+$1.05M
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$522K
5
AIP
Almanack Investment Partners
Pennsylvania
+$502K

Top Sellers

1
RCM
Robinson Capital Management
Michigan
-$9.96M
2
Rockefeller Capital Management
Rockefeller Capital Management
New York
-$3.17M
3
Wells Fargo
Wells Fargo
California
-$2.12M
4
LCM
Landscape Capital Management
New Jersey
-$1.42M
5
GC
Guggenheim Capital
Illinois
-$978K
Name Holding Trade Value Shares
Change 		Change in
Stake
First Trust Advisors
26
First Trust Advisors
Illinois
$893K +$11.4K +907 +1%
BRWA
27
B. Riley Wealth Advisors
Florida
$881K -$3.07K -244 -0.4%
SWP
28
Stratos Wealth Partners
Ohio
$720K +$415 +33 +0.1%
Janney Montgomery Scott
29
Janney Montgomery Scott
Pennsylvania
$689K +$124K +9,890 +23%
RCA
30
Ranch Capital Advisors
Florida
$638K +$239 +19 +0%
AIP
31
Almanack Investment Partners
Pennsylvania
$529K +$502K +39,940 New
Rockefeller Capital Management
32
Rockefeller Capital Management
New York
$528K -$3.17M -252,246 -86%
RJT
33
Raymond James Trust
Florida
$443K – – –
FM
34
Family Management
New York
$429K -$56.4K -4,485 -12%
DADC
35
D.A. Davidson & Co
Montana
$417K – – –
Envestnet Asset Management
36
Envestnet Asset Management
Illinois
$333K +$66.9K +5,327 +27%
VVP
37
Venture Visionary Partners
Ohio
$326K -$289K -23,015 -48%
SIC
38
Samalin Investment Counsel
New York
$320K -$4.71K -375 -2%
QWM
39
QP Wealth Management
New Jersey
$311K +$13 +1 +0%
Stifel Financial
40
Stifel Financial
Missouri
$297K +$21.3K +1,693 +8%
Baird Financial Group
41
Baird Financial Group
Wisconsin
$288K +$48.5K +3,863 +21%
PPW
42
Parcion Private Wealth
Washington
$286K -$79.4K -6,318 -23%
KeyBank National Association
43
KeyBank National Association
Ohio
$285K – – –
Truist Financial
44
Truist Financial
North Carolina
$280K +$4.9K +390 +2%
CCG
45
Ceeto Capital Group
Florida
$264K – – –
SAM
46
Selway Asset Management
$240K – – –
CIA
47
Capital Investment Advisors
Georgia
$231K +$251 +20 +0.1%
QCIG
48
Quad-Cities Investment Group
Iowa
$225K +$76.9K +6,119 +56%
OC
49
Oppenheimer & Co
New York
$222K +$77.3K +6,152 +58%
NA
50
NewEdge Advisors
Louisiana
$218K – – –
1
2
3 4

NMZ Hedge Fund Activity: Q2 2020 in Review

86 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal High Income Opportunity Fund (NMZ) for Q2 2020, worth a combined $84.7M — down 5.9% from $90M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of NMZ and 7 opened new positions — a net loss of 8 holders — while 22 trimmed existing stakes and 33 added.

The largest buyer was Financial Advocates Investment Management, opening a new position worth an estimated $1.81M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $9.96M sold.

  • 86 institutional investors held Nuveen Municipal High Income Opportunity Fund (NMZ) as of Q2 2020, down from 94 in Q1 2020.
  • Funds reported $84.7M of Nuveen Municipal High Income Opportunity Fund stock for Q2 2020, down 5.9% quarter-over-quarter.
  • 7 funds opened new Nuveen Municipal High Income Opportunity Fund positions in Q2 2020 and 15 closed out, a net change of -8 holders.
  • The largest Nuveen Municipal High Income Opportunity Fund buyer in Q2 2020 was Financial Advocates Investment Management, an estimated $1.81M added.
  • The largest Nuveen Municipal High Income Opportunity Fund seller in Q2 2020 was Robinson Capital Management, an estimated $9.96M sold.

Based on aggregated 13F filings for Q2 2020.