NUVEEN ELECT TAX-FREE INC 2
NXQ
NXQ was delisted on the 3rd of December, 2021.
45 hedge funds and large institutions have $44.3M invested in NUVEEN ELECT TAX-FREE INC 2 in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 8 reducing their positions, and 10 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 8
2% less capital invested
Capital invested by funds: $45.4M → $44.3M (-$1.1M)
12% less funds holding
Funds holding: 51 → 45 (-6)
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$446K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$326K |
| 3 |
RHBC
R.H. Bluestein & Co
Birmingham,
Michigan
|
+$267K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$137K |
| 5 |
Cohen & Steers
New York
|
+$86.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.93M |
| 2 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$1.47M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$358K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$284K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$160K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HS
51
Horan Securities
Cincinnati,
United States
| – | -$54K | -3,745 | Closed |
|
|
MWM
52
Mascoma Wealth Management
Hanover,
New Hampshire
| – | -$49K | -3,400 | Closed |
|
|
TPWA
53
TRUE Private Wealth Advisors
Salem,
Oregon
| – | -$11K | -768 | Closed |
|
|
CFGS
54
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$9.88K | -680 | Closed |
|
55
US Bancorp
Minneapolis,
Minnesota
| – | -$4K | -250 | Closed |
|
NXQ Hedge Fund Activity: Q3 2019 in Review
45 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in NUVEEN ELECT TAX-FREE INC 2 (NXQ) for Q3 2019, worth a combined $44.3M — down 2.4% from $45.4M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NXQ and 4 opened new positions — a net loss of 6 holders — while 8 trimmed existing stakes and 20 added.
The largest buyer was Tortoise Investment Management, adding an estimated $446K. The largest seller was Envestnet Asset Management, exiting entirely with an estimated $1.93M sold.
- 45 institutional investors held NUVEEN ELECT TAX-FREE INC 2 (NXQ) as of Q3 2019, down from 51 in Q2 2019.
- Funds reported $44.3M of NUVEEN ELECT TAX-FREE INC 2 stock for Q3 2019, down 2.4% quarter-over-quarter.
- 4 funds opened new NUVEEN ELECT TAX-FREE INC 2 positions in Q3 2019 and 10 closed out, a net change of -6 holders.
- The largest NUVEEN ELECT TAX-FREE INC 2 buyer in Q3 2019 was Tortoise Investment Management, an estimated $446K added.
- The largest NUVEEN ELECT TAX-FREE INC 2 seller in Q3 2019 was Envestnet Asset Management, an estimated $1.93M sold.
Based on aggregated 13F filings for Q3 2019.