Nuveen AMT-Free Municipal Credit Income Fund
169 hedge funds and large institutions have $302M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2017 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 39 increasing their positions, 42 reducing their positions, and 23 closing their positions.
9% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 23
1% more funds holding
Funds holding: 168 → 169 (+1)
0.93% less ownership
Funds ownership: 11.08% → 10.15% (-0.93%)
7% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 42
7% less capital invested
Capital invested by funds: $326M → $302M (-$23.9M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.6M |
| 2 |
Morgan Stanley
New York
|
+$1.34M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.14M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.1M |
| 5 |
CB
Commerce Bank
Kansas City,
Missouri
|
+$759K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IP
Ironsides Partners
Boston,
Massachusetts
|
-$7.66M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$7.06M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.74M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.13M |
| 5 |
OA
Oxbow Advisors
Austin,
Texas
|
-$3.89M |
NVG Hedge Fund Activity: Q1 2017 in Review
169 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2017, worth a combined $302M — down 7.3% from $326M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new NVG positions and 23 closed out — a net gain of 2 holders — while 39 added to existing stakes and 42 trimmed.
The largest buyer was Ameriprise, opening a new position worth an estimated $2.6M. The largest seller was Ironsides Partners, exiting entirely with an estimated $7.66M sold.
- 169 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2017, up from 168 in Q4 2016.
- Funds reported $302M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2017, down 7.3% quarter-over-quarter.
- 25 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2017 and 23 closed out, a net change of +2 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2017 was Ameriprise, an estimated $2.6M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2017 was Ironsides Partners, an estimated $7.66M sold.
Based on aggregated 13F filings for Q1 2017.