Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
67 hedge funds and large institutions have $105M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2016 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 12 reducing their positions, and 11 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 12
11% more capital invested
Capital invested by funds: $94.7M → $105M (+$10.6M)
1.71% more ownership
Funds ownership: 7.61% → 9.31% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
1% less funds holding
Funds holding: 68 → 67 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.94M |
| 2 |
EWM
Edge Wealth Management
New York
|
+$4.25M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$2.95M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$2.3M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$2.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SA
Strategic Advisors
New York
|
-$1.39M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$475K |
| 3 |
Citigroup
New York
|
-$431K |
| 4 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$334K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$327K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VNA
76
Valley National Advisers
Bethlehem,
Pennsylvania
| – | -$65K | -4,599 | Closed |
|
|
IA
77
IFP Advisors
Tampa,
Florida
| – | -$20K | -1,530 | -100% |
|
78
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$15K | -1,091 | Closed |
|
|
LWA
79
Lenox Wealth Advisors
New York
| – | -$14K | -1,000 | Closed |
|
NRK Hedge Fund Activity: Q4 2016 in Review
67 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q4 2016, worth a combined $105M — up 11% from $94.7M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of NRK and 10 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 24 added.
The largest buyer was Karpus Investment Management, adding an estimated $4.94M. The largest seller was Strategic Advisors, exiting entirely with an estimated $1.39M sold.
- 67 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q4 2016, down from 68 in Q3 2016.
- Funds reported $105M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q4 2016, up 11% quarter-over-quarter.
- 10 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q4 2016 and 11 closed out, a net change of -1 holder.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q4 2016 was Karpus Investment Management, an estimated $4.94M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q4 2016 was Strategic Advisors, an estimated $1.39M sold.
Based on aggregated 13F filings for Q4 2016.