NUVEEN ELECT TAX-FREE INC 2
NXQ
NXQ was delisted on the 3rd of December, 2021.
42 hedge funds and large institutions have $22.5M invested in NUVEEN ELECT TAX-FREE INC 2 in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 4 closing their positions.
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
22% more capital invested
Capital invested by funds: $18.4M → $22.5M (+$4.04M)
20% more funds holding
Funds holding: 35 → 42 (+7)
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.59M |
| 2 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$1.25M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.16M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$880K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$826K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.53M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$235K |
| 3 |
VanEck Associates
New York
|
-$194K |
| 4 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$124K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$65.7K |
NXQ Hedge Fund Activity: Q4 2016 in Review
42 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in NUVEEN ELECT TAX-FREE INC 2 (NXQ) for Q4 2016, worth a combined $22.5M — up 22% from $18.4M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NXQ positions and 4 closed out — a net gain of 7 holders — while 6 added to existing stakes and 8 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.59M. The largest seller was Envestnet Asset Management, exiting entirely with an estimated $1.53M sold.
- 42 institutional investors held NUVEEN ELECT TAX-FREE INC 2 (NXQ) as of Q4 2016, up from 35 in Q3 2016.
- Funds reported $22.5M of NUVEEN ELECT TAX-FREE INC 2 stock for Q4 2016, up 22% quarter-over-quarter.
- 11 funds opened new NUVEEN ELECT TAX-FREE INC 2 positions in Q4 2016 and 4 closed out, a net change of +7 holders.
- The largest NUVEEN ELECT TAX-FREE INC 2 buyer in Q4 2016 was Morgan Stanley, an estimated $1.59M added.
- The largest NUVEEN ELECT TAX-FREE INC 2 seller in Q4 2016 was Envestnet Asset Management, an estimated $1.53M sold.
Based on aggregated 13F filings for Q4 2016.