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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
SCM
76
Sterneck Capital Management
Missouri
$466K -$331K -21,500 -42%
SFA
77
Sequoia Financial Advisors
Ohio
$462K -$388K -25,222 -46%
TNBTD
78
Trustmark National Bank Trust Department
Mississippi
$461K – – –
AFC
79
AFT Forsyth & Company
Florida
$448K +$447K +29,000 New
UCFA
80
United Capital Financial Advisors
Texas
$446K +$213K +13,829 +92%
PHIMC
81
Private Harbour Investment Management & Counsel
Ohio
$442K – – –
RCAG
82
Rehmann Capital Advisory Group
Michigan
$428K – – –
BA
83
BCM Advisors
Louisiana
$420K – – –
SIM
84
Sadoff Investment Management
Wisconsin
$414K -$413K -26,800 Closed
NL
85
NWAM LLC
Washington
$411K -$196K -12,737 -32%
CAN
86
Cetera Advisor Networks
California
$404K +$40.6K +2,634 +11%
HK
87
Horizon Kinetics
New York
$403K -$18.2K -1,180 -4%
IAMOG
88
Investors Asset Management of Georgia
Georgia
$403K – – –
WAOTB
89
Wealth Advisors of Tampa Bay
Florida
$395K +$389K +25,239 New
IA
90
IFP Advisors
Florida
$383K -$1.57M -102,013 -80%
CSA
91
Cottage Street Advisors
Massachusetts
$380K – – –
FAAS
92
First Allied Advisory Services
California
$373K +$8.47K +550 +2%
JFGIW
93
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$347K – – –
WSFS
94
Wilmington Savings Fund Society
Delaware
$347K – – –
HCM
95
Hollencrest Capital Management
California
$343K -$19.3K -1,251 -5%
JCM
96
Janney Capital Management
Pennsylvania
$341K – – –
IH
97
IFC Holdings
Florida
$335K – – –
GAG
98
GM Advisory Group
New York
$328K – – –
IA
99
IFG Advisory
Georgia
$327K +$329K +21,388 New
CBTWT
100
Community Bank & Trust (Waco, Texas)
Texas
$319K -$5.74K -373 -2%
2 3
4
5 6

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.