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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
UBS Group
1
UBS Group
Switzerland
$13.9M +$1.09M +87,004 +9%
Morgan Stanley
2
Morgan Stanley
New York
$6.79M +$429K +34,108 +7%
GC
3
Guggenheim Capital
Illinois
$6.51M -$978K -77,785 -14%
Commonwealth Equity Services
4
Commonwealth Equity Services
Massachusetts
$4.36M +$522K +41,518 +14%
CCWA
5
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$3.24M +$3.09M +245,655 New
Osaic Holdings
6
Osaic Holdings
Arizona
$2.95M +$327K +26,034 +13%
RJA
7
Raymond James & Associates
Florida
$2.71M -$188K -14,966 -7%
VanEck Associates
8
VanEck Associates
New York
$2.71M -$185K -14,734 -7%
Wells Fargo
9
Wells Fargo
California
$2.43M -$2.12M -168,943 -48%
Bank of America
10
Bank of America
North Carolina
$2.31M -$488K -38,871 -18%
AAM
11
Advisors Asset Management
Colorado
$2.18M -$174K -13,845 -8%
RJFSA
12
Raymond James Financial Services Advisors
Florida
$2.07M +$164K +13,029 +9%
TCM
13
Traynor Capital Management
Pennsylvania
$1.95M +$230K +18,337 +14%
Cambridge Investment Research Advisors
14
Cambridge Investment Research Advisors
Iowa
$1.93M +$223K +17,776 +14%
FAIM
15
Financial Advocates Investment Management
Washington
$1.9M +$1.81M +143,973 New
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$1.88M +$118K +9,429 +7%
Northwestern Mutual Wealth Management
17
Northwestern Mutual Wealth Management
Wisconsin
$1.74M -$207K -16,473 -11%
LPL Financial
18
LPL Financial
California
$1.5M +$393K +31,281 +38%
BFEC
19
Benjamin F. Edwards & Company
Missouri
$1.25M +$1.05M +83,467 +752%
LWP
20
Legacy Wealth Planning
Nevada
$1.22M +$30.2K +2,407 +3%
WS
21
Wedbush Securities
California
$1.14M +$653 +52 +0.1%
OIA
22
OneDigital Investment Advisors
Kansas
$1.13M +$54.4K +4,332 +5%
PAG
23
Private Advisor Group
New Jersey
$989K +$149K +11,844 +19%
Cohen & Steers
24
Cohen & Steers
New York
$979K -$419K -33,305 -31%
Ameriprise
25
Ameriprise
Minnesota
$959K +$77.7K +6,179 +9%
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.