NUVEEN ELECT TAX-FREE INC 2
NXQ
NXQ was delisted on the 3rd of December, 2021.
40 hedge funds and large institutions have $19M invested in NUVEEN ELECT TAX-FREE INC 2 in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 13 reducing their positions, and 8 closing their positions.
3% less capital invested
Capital invested by funds: $19.7M → $19M (-$666K)
7% less funds holding
Funds holding: 43 → 40 (-3)
31% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 13
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$595K |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$237K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$172K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$170K |
| 5 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$169K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$749K |
| 2 |
Morgan Stanley
New York
|
-$504K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$262K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$259K |
| 5 |
UR
USCA RIA
Houston,
Texas
|
-$231K |
NXQ Hedge Fund Activity: Q1 2016 in Review
40 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in NUVEEN ELECT TAX-FREE INC 2 (NXQ) for Q1 2016, worth a combined $19M — down 3.4% from $19.7M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NXQ and 5 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 9 added.
The largest buyer was Stifel Financial, opening a new position worth an estimated $595K. The largest seller was Bank of America, cutting an estimated $749K.
- 40 institutional investors held NUVEEN ELECT TAX-FREE INC 2 (NXQ) as of Q1 2016, down from 43 in Q4 2015.
- Funds reported $19M of NUVEEN ELECT TAX-FREE INC 2 stock for Q1 2016, down 3.4% quarter-over-quarter.
- 5 funds opened new NUVEEN ELECT TAX-FREE INC 2 positions in Q1 2016 and 8 closed out, a net change of -3 holders.
- The largest NUVEEN ELECT TAX-FREE INC 2 buyer in Q1 2016 was Stifel Financial, an estimated $595K added.
- The largest NUVEEN ELECT TAX-FREE INC 2 seller in Q1 2016 was Bank of America, an estimated $749K sold.
Based on aggregated 13F filings for Q1 2016.