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Nuveen Municipal High Income Opportunity Fund
NMZ

48 hedge funds and large institutions have $42.7M invested in Nuveen Municipal High Income Opportunity Fund in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 19 increasing their positions, 8 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

138% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 8

0.78% less ownership

Funds ownership: 6.37% → 5.59% (-0.78%)

9% less capital invested

Capital invested by funds: $46.9M → $42.7M (-$4.24M)

13% less funds holding

Funds holding: 55 → 48 (-7)

46% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 13

Holders
48
Holders Change
-7
Holders Change %
-12.73%
% of All Funds
1.19%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
19
Reduced
8
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Ameriprise
Ameriprise
Minnesota
+$1.04M
2
Invesco
Invesco
Georgia
+$873K
3
PAG
Private Advisor Group
New Jersey
+$468K
4
RJA
Raymond James & Associates
Florida
+$408K
5
AAM
Advisors Asset Management
Colorado
+$352K

Top Sellers

1
LCM
Laurion Capital Management
New York
-$5.1M
2
RCM
Rivernorth Capital Management
Florida
-$1.79M
3
GC
Guggenheim Capital
Illinois
-$742K
4
VKH
Virtu KCG Holdings
New York
-$519K
5
Squarepoint
Squarepoint
New York
-$470K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
1
Guggenheim Capital
Illinois
$7.84M -$742K -57,004 -9%
UBS Group
2
UBS Group
Switzerland
$6.62M +$83.4K +6,403 +1%
Morgan Stanley
3
Morgan Stanley
New York
$4.08M +$299K +22,927 +8%
Bank of America
4
Bank of America
North Carolina
$2.76M -$41.7K -3,201 -2%
Commonwealth Equity Services
5
Commonwealth Equity Services
Massachusetts
$1.67M +$298K +22,892 +22%
Wells Fargo
6
Wells Fargo
California
$1.54M -$3.28K -252 -0.2%
CCWA
7
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$1.25M – – –
PAG
8
Private Advisor Group
New Jersey
$1.21M +$468K +35,915 +64%
TCM
9
Traynor Capital Management
Pennsylvania
$1.12M +$4.71K +362 +0.5%
VanEck Associates
10
VanEck Associates
New York
$1.11M +$64.8K +4,977 +6%
Cambridge Investment Research Advisors
11
Cambridge Investment Research Advisors
Iowa
$1.1M +$76.7K +5,890 +8%
RJA
12
Raymond James & Associates
Florida
$1.07M +$408K +31,350 +63%
Ameriprise
13
Ameriprise
Minnesota
$1.05M +$1.04M +80,200 New
LTFS
14
Ladenburg Thalmann Financial Services
Florida
$1.05M +$13 +1 +0%
CCMG
15
Clark Capital Management Group
Pennsylvania
$1.04M +$313K +24,043 +44%
LPL Financial
16
LPL Financial
California
$928K -$153K -11,780 -14%
IA
17
IFP Advisors
Florida
$905K +$1.42K +109 +0.2%
Invesco
18
Invesco
Georgia
$881K +$873K +67,014 New
ICA
19
Infrastructure Capital Advisors
New York
$755K – – –
SWP
20
Stratos Wealth Partners
Ohio
$748K +$191K +14,692 +35%
AAM
21
Advisors Asset Management
Colorado
$356K +$352K +27,056 New
Stifel Financial
22
Stifel Financial
Missouri
$335K +$141K +10,864 +74%
HB
23
Homrich & Berg
Georgia
$312K – – –
HCM
24
Hollencrest Capital Management
California
$304K – – –
NPC
25
National Planning Corporation
California
$300K -$6.51K -500 -2%
1
2 3

NMZ Hedge Fund Activity: Q1 2017 in Review

48 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal High Income Opportunity Fund (NMZ) for Q1 2017, worth a combined $42.7M — down 9% from $46.9M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of NMZ and 7 opened new positions — a net loss of 6 holders — while 8 trimmed existing stakes and 19 added.

The largest buyer was Ameriprise, opening a new position worth an estimated $1.04M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $5.1M sold.

  • 48 institutional investors held Nuveen Municipal High Income Opportunity Fund (NMZ) as of Q1 2017, down from 55 in Q4 2016.
  • Funds reported $42.7M of Nuveen Municipal High Income Opportunity Fund stock for Q1 2017, down 9% quarter-over-quarter.
  • 7 funds opened new Nuveen Municipal High Income Opportunity Fund positions in Q1 2017 and 13 closed out, a net change of -6 holders.
  • The largest Nuveen Municipal High Income Opportunity Fund buyer in Q1 2017 was Ameriprise, an estimated $1.04M added.
  • The largest Nuveen Municipal High Income Opportunity Fund seller in Q1 2017 was Laurion Capital Management, an estimated $5.1M sold.

Based on aggregated 13F filings for Q1 2017.