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Nuveen AMT-Free Municipal Credit Income Fund
NVG

180 hedge funds and large institutions have $309M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2017 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 43 increasing their positions, 39 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

45% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 20

10% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 39

5% more funds holding

Funds holding: 172 → 180 (+8)

0.24% less ownership

Funds ownership: 10.08% → 9.84% (-0.24%)

2% less capital invested

Capital invested by funds: $316M → $309M (-$6.34M)

Holders
180
Holders Change
+8
Holders Change %
+4.65%
% of All Funds
4.08%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
29
Increased
43
Reduced
39
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SEI Investments
SEI Investments
Pennsylvania
+$2.65M
2
Ameriprise
Ameriprise
Minnesota
+$1.44M
3
SIA
Sit Investment Associates
Minnesota
+$1.33M
4
AG
Advisor Group
Arizona
+$1.12M
5
BF
BOK Financial
Oklahoma
+$1.01M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$10.8M
2
GC
Guggenheim Capital
Illinois
-$3.51M
3
PPA
Parametric Portfolio Associates
Washington
-$2.1M
4
IA
IFP Advisors
Florida
-$1.57M
5
IWA
IBEX Wealth Advisors
New Jersey
-$1.51M
Name Holding Trade Value Shares
Change 		Change in
Stake
HighTower Advisors
26
HighTower Advisors
Illinois
$2.79M -$32.8K -2,128 -1%
SEI Investments
27
SEI Investments
Pennsylvania
$2.77M +$2.65M +171,956 +2,424%
Creative Planning
28
Creative Planning
Kansas
$2.73M -$142K -9,237 -5%
SLA
29
Silver Lake Advisory
Utah
$2.69M -$22K -1,428 -0.8%
Bank of America
30
Bank of America
North Carolina
$2.62M -$27.8K -1,805 -1%
Bessemer Group
31
Bessemer Group
New Jersey
$2.36M – – –
PA
32
Pinnacle Associates
New York
$2.12M +$1.79K +116 +0.1%
USAA
33
United Services Automobile Association
Texas
$2.08M – – –
Cambridge Investment Research Advisors
34
Cambridge Investment Research Advisors
Iowa
$1.9M +$268K +17,384 +16%
LTFS
35
Ladenburg Thalmann Financial Services
Florida
$1.81M +$191K +12,386 +12%
TCM
36
Tradewinds Capital Management
Washington
$1.8M – – –
BTS
37
BB&T Securities
Virginia
$1.71M +$43.3K +2,813 +3%
Koshinski Asset Management
38
Koshinski Asset Management
Illinois
$1.61M -$398K -25,831 -20%
VC
39
Vicus Capital
Pennsylvania
$1.51M +$41.6K +2,702 +3%
Carson Wealth (CWM LLC)
40
Carson Wealth (CWM LLC)
Nebraska
$1.3M +$573K +37,186 +79%
ICA
41
Infrastructure Capital Advisors
New York
$1.23M – – –
CC
42
Claybrook Capital
Massachusetts
$1.11M +$1.11M +72,025 New
CIBC Private Wealth Group
43
CIBC Private Wealth Group
Georgia
$1.09M +$53.1K +3,450 +5%
First Trust Advisors
44
First Trust Advisors
Illinois
$1.08M +$7.3K +474 +0.7%
BKA
45
Brick & Kyle Associates
Pennsylvania
$1.07M +$986 +64 +0.1%
BF
46
BOK Financial
Oklahoma
$1.02M +$1.01M +65,882 New
TIM
47
Tortoise Investment Management
New York
$937K – – –
SMC
48
Smith, Moore & Co
Missouri
$932K -$17.5K -1,138 -2%
Bank of New York Mellon
49
Bank of New York Mellon
New York
$825K +$429K +27,859 +109%
PNC Financial Services Group
50
PNC Financial Services Group
Pennsylvania
$784K – – –
1
2
3 4 5

NVG Hedge Fund Activity: Q4 2017 in Review

180 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q4 2017, worth a combined $309M — down 2% from $316M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new NVG positions and 20 closed out — a net gain of 9 holders — while 43 added to existing stakes and 39 trimmed.

The largest buyer was SEI Investments, adding an estimated $2.65M. The largest seller was Wells Fargo, cutting an estimated $10.8M.

  • 180 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q4 2017, up from 172 in Q3 2017.
  • Funds reported $309M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2017, down 2% quarter-over-quarter.
  • 29 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2017 and 20 closed out, a net change of +9 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q4 2017 was SEI Investments, an estimated $2.65M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q4 2017 was Wells Fargo, an estimated $10.8M sold.

Based on aggregated 13F filings for Q4 2017.