NUVEEN ELECT TAX-FREE INC 2
NXQ
NXQ was delisted on the 3rd of December, 2021.
54 hedge funds and large institutions have $40M invested in NUVEEN ELECT TAX-FREE INC 2 in 2021 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 14 reducing their positions, and 8 closing their positions.
2% less capital invested
Capital invested by funds: $40.6M → $40M (-$656K)
5% less funds holding
Funds holding: 57 → 54 (-3)
14% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 14
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$725K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$255K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$195K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$164K |
| 5 |
RIA
Realta Investment Advisors
Wilmington,
Delaware
|
+$155K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.87M |
| 2 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$1.45M |
| 3 |
RVPG
Relative Value Partners Group
|
-$357K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$288K |
| 5 |
SWA
Sightline Wealth Advisors
Groton,
Connecticut
|
-$285K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FMP
51
Financial Management Professionals
Austin,
Texas
| $11K | – | – | – |
|
|
AF
52
Advisornet Financial
Minnetonka,
Minnesota
| $6K | +$32 | +2 | +0.6% |
|
|
GWM
53
Geneos Wealth Management
Englewood,
Colorado
| $4K | – | – | – |
|
|
RFA
54
Reilly Financial Advisors
La Mesa,
California
| $3K | – | – | – |
|
|
1CP
55
1607 Capital Partners
Richmond,
Virginia
| – | -$1.87M | -117,407 | Closed |
|
|
RVPG
56
Relative Value Partners Group
| – | -$357K | -22,409 | Closed |
|
|
SWA
57
Sightline Wealth Advisors
Groton,
Connecticut
| – | -$285K | -17,929 | Closed |
|
|
RIA
58
Regal Investment Advisors
Kentwood,
Michigan
| – | -$220K | -13,806 | Closed |
|
|
AWG
59
Altus Wealth Group
Colorado Springs,
Colorado
| – | -$16K | -1,025 | Closed |
|
|
TPWA
60
TRUE Private Wealth Advisors
Salem,
Oregon
| – | -$12K | -768 | Closed |
|
61
Citigroup
New York
| – | -$9K | -567 | Closed |
|
|
TRCT
62
Tower Research Capital (TRC)
New York
| – | -$4K | -250 | Closed |
|
NXQ Hedge Fund Activity: Q1 2021 in Review
54 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in NUVEEN ELECT TAX-FREE INC 2 (NXQ) for Q1 2021, worth a combined $40M — down 1.6% from $40.6M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NXQ and 5 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 12 added.
The largest buyer was Baird Financial Group, adding an estimated $725K. The largest seller was 1607 Capital Partners, exiting entirely with an estimated $1.87M sold.
- 54 institutional investors held NUVEEN ELECT TAX-FREE INC 2 (NXQ) as of Q1 2021, down from 57 in Q4 2020.
- Funds reported $40M of NUVEEN ELECT TAX-FREE INC 2 stock for Q1 2021, down 1.6% quarter-over-quarter.
- 5 funds opened new NUVEEN ELECT TAX-FREE INC 2 positions in Q1 2021 and 8 closed out, a net change of -3 holders.
- The largest NUVEEN ELECT TAX-FREE INC 2 buyer in Q1 2021 was Baird Financial Group, an estimated $725K added.
- The largest NUVEEN ELECT TAX-FREE INC 2 seller in Q1 2021 was 1607 Capital Partners, an estimated $1.87M sold.
Based on aggregated 13F filings for Q1 2021.