Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
68 hedge funds and large institutions have $94.7M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2016 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 25 increasing their positions, 12 reducing their positions, and 11 closing their positions.
108% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 12
2% more capital invested
Capital invested by funds: $92.4M → $94.7M (+$2.23M)
0.26% more ownership
Funds ownership: 7.35% → 7.61% (+0.26%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 74 → 68 (-6)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$3.93M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.17M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$833K |
| 4 |
SWM
Stockman Wealth Management
Billings,
Montana
|
+$630K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$600K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.6M |
| 2 |
Morgan Stanley
New York
|
-$945K |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$866K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$731K |
| 5 |
SLG
Stanley-Laman Group
Berwyn,
Pennsylvania
|
-$542K |
NRK Hedge Fund Activity: Q3 2016 in Review
68 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q3 2016, worth a combined $94.7M — up 2.4% from $92.4M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of NRK and 6 opened new positions — a net loss of 5 holders — while 12 trimmed existing stakes and 25 added.
The largest buyer was Mackay Shields LLC, adding an estimated $3.93M. The largest seller was Deutsche Bank, cutting an estimated $1.6M.
- 68 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q3 2016, down from 74 in Q2 2016.
- Funds reported $94.7M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q3 2016, up 2.4% quarter-over-quarter.
- 6 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q3 2016 and 11 closed out, a net change of -5 holders.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q3 2016 was Mackay Shields LLC, an estimated $3.93M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q3 2016 was Deutsche Bank, an estimated $1.6M sold.
Based on aggregated 13F filings for Q3 2016.