Nuveen AMT-Free Municipal Credit Income Fund
172 hedge funds and large institutions have $316M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2017 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 48 increasing their positions, 37 reducing their positions, and 12 closing their positions.
92% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 12
30% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 37
6% more funds holding
Funds holding: 163 → 172 (+9)
0.32% less ownership
Funds ownership: 10.4% → 10.08% (-0.32%)
1% less capital invested
Capital invested by funds: $320M → $316M (-$4.71M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$8.74M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.78M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$933K |
| 4 |
OFG
OTA Financial Group
Purchase,
New York
|
+$755K |
| 5 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$730K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$10.2M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.65M |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
-$3.77M |
| 4 |
ABC
Associated Banc-Corp
Green Bay,
Wisconsin
|
-$2.74M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.88M |
NVG Hedge Fund Activity: Q3 2017 in Review
172 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q3 2017, worth a combined $316M — down 1.5% from $320M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new NVG positions and 12 closed out — a net gain of 11 holders — while 48 added to existing stakes and 37 trimmed.
The largest buyer was Parametric Portfolio Associates, adding an estimated $8.74M. The largest seller was Wells Fargo, cutting an estimated $10.2M.
- 172 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q3 2017, up from 163 in Q2 2017.
- Funds reported $316M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q3 2017, down 1.5% quarter-over-quarter.
- 23 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q3 2017 and 12 closed out, a net change of +11 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q3 2017 was Parametric Portfolio Associates, an estimated $8.74M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q3 2017 was Wells Fargo, an estimated $10.2M sold.
Based on aggregated 13F filings for Q3 2017.