NUVEEN ELECT TAX-FREE INC 2
NXQ
NXQ was delisted on the 3rd of December, 2021.
36 hedge funds and large institutions have $19.2M invested in NUVEEN ELECT TAX-FREE INC 2 in 2016 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 5 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 8
1% more capital invested
Capital invested by funds: $19M → $19.2M (+$129K)
10% less funds holding
Funds holding: 40 → 36 (-4)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$340K |
| 2 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$336K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$197K |
| 4 |
SI
SII Investments
Appleton,
Wisconsin
|
+$149K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
+$143K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$940K |
| 2 |
LPL Financial
San Diego,
California
|
-$398K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$294K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$240K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$196K |
NXQ Hedge Fund Activity: Q2 2016 in Review
36 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in NUVEEN ELECT TAX-FREE INC 2 (NXQ) for Q2 2016, worth a combined $19.2M — up 0.68% from $19M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of NXQ and 2 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 13 added.
The largest buyer was Envestnet Asset Management, adding an estimated $340K. The largest seller was Morgan Stanley, cutting an estimated $940K.
- 36 institutional investors held NUVEEN ELECT TAX-FREE INC 2 (NXQ) as of Q2 2016, down from 40 in Q1 2016.
- Funds reported $19.2M of NUVEEN ELECT TAX-FREE INC 2 stock for Q2 2016, up 0.68% quarter-over-quarter.
- 2 funds opened new NUVEEN ELECT TAX-FREE INC 2 positions in Q2 2016 and 5 closed out, a net change of -3 holders.
- The largest NUVEEN ELECT TAX-FREE INC 2 buyer in Q2 2016 was Envestnet Asset Management, an estimated $340K added.
- The largest NUVEEN ELECT TAX-FREE INC 2 seller in Q2 2016 was Morgan Stanley, an estimated $940K sold.
Based on aggregated 13F filings for Q2 2016.