Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
80 hedge funds and large institutions have $133M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2017 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 28 increasing their positions, 17 reducing their positions, and 7 closing their positions.
129% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 7
65% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 17
26% more capital invested
Capital invested by funds: $106M → $133M (+$27.3M)
13% more funds holding
Funds holding: 71 → 80 (+9)
2.57% more ownership
Funds ownership: 9.1% → 11.67% (+2.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$8.01M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$2.28M |
| 3 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$2.19M |
| 4 |
AG
Advisor Group
Phoenix,
Arizona
|
+$746K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$674K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NPC
National Planning Corporation
El Segundo,
California
|
-$713K |
| 2 |
SA
Strategic Advisors
New York
|
-$578K |
| 3 |
Citigroup
New York
|
-$439K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$337K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$189K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BAM
76
Barrett Asset Management
New York
| $16K | – | – | – |
|
77
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $16K | – | – | – |
|
|
ASN
78
Advisory Services Network
Atlanta,
Georgia
| $16K | +$2.6K | +200 | +20% |
|
79
Fifth Third Bancorp
Cincinnati,
Ohio
| $12K | – | – | – |
|
80
SEI Investments
Oaks,
Pennsylvania
| $7K | +$7.4K | +569 | New |
|
|
NPC
81
National Planning Corporation
El Segundo,
California
| – | -$713K | -54,000 | Closed |
|
|
SA
82
Strategic Advisors
New York
| – | -$578K | -43,763 | Closed |
|
83
SG Americas Securities
New York
| – | -$138K | -10,441 | Closed |
|
|
NFG
84
Next Financial Group
Houston,
Texas
| – | -$109K | -8,300 | Closed |
|
|
IA
85
IFP Advisors
Tampa,
Florida
| – | -$26.7K | -2,051 | -100% |
|
|
WAM
86
Wolverine Asset Management
Chicago,
Illinois
| – | -$21K | -1,621 | Closed |
|
|
BFEC
87
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$14K | -1,055 | Closed |
|
|
ACM
88
Armbruster Capital Management
Pittsford,
New York
| – | -$9K | -647 | Closed |
|
89
Envestnet Asset Management
Chicago,
Illinois
| – | -$26 | -2 | -50% |
|
NRK Hedge Fund Activity: Q4 2017 in Review
80 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q4 2017, worth a combined $133M — up 26% from $106M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new NRK positions and 7 closed out — a net gain of 9 holders — while 28 added to existing stakes and 17 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $8.01M. The largest seller was National Planning Corporation, exiting entirely with an estimated $713K sold.
- 80 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q4 2017, up from 71 in Q3 2017.
- Funds reported $133M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q4 2017, up 26% quarter-over-quarter.
- 16 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q4 2017 and 7 closed out, a net change of +9 holders.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q4 2017 was Karpus Investment Management, an estimated $8.01M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q4 2017 was National Planning Corporation, an estimated $713K sold.
Based on aggregated 13F filings for Q4 2017.