NUVEEN ELECT TAX-FREE INC 2
NXQ
NXQ was delisted on the 3rd of December, 2021.
35 hedge funds and large institutions have $18.4M invested in NUVEEN ELECT TAX-FREE INC 2 in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 9 reducing their positions, and 5 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 9
4% less capital invested
Capital invested by funds: $19.2M → $18.4M (-$713K)
3% less funds holding
Funds holding: 36 → 35 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$502K |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$448K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$249K |
| 4 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$236K |
| 5 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$175K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$863K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$494K |
| 3 |
Morgan Stanley
New York
|
-$434K |
| 4 |
SI
SII Investments
Appleton,
Wisconsin
|
-$151K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$83.3K |
NXQ Hedge Fund Activity: Q3 2016 in Review
35 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in NUVEEN ELECT TAX-FREE INC 2 (NXQ) for Q3 2016, worth a combined $18.4M — down 3.7% from $19.2M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of NXQ and 4 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 10 added.
The largest buyer was UBS Group, adding an estimated $502K. The largest seller was Northwestern Mutual Wealth Management, exiting entirely with an estimated $863K sold.
- 35 institutional investors held NUVEEN ELECT TAX-FREE INC 2 (NXQ) as of Q3 2016, down from 36 in Q2 2016.
- Funds reported $18.4M of NUVEEN ELECT TAX-FREE INC 2 stock for Q3 2016, down 3.7% quarter-over-quarter.
- 4 funds opened new NUVEEN ELECT TAX-FREE INC 2 positions in Q3 2016 and 5 closed out, a net change of -1 holder.
- The largest NUVEEN ELECT TAX-FREE INC 2 buyer in Q3 2016 was UBS Group, an estimated $502K added.
- The largest NUVEEN ELECT TAX-FREE INC 2 seller in Q3 2016 was Northwestern Mutual Wealth Management, an estimated $863K sold.
Based on aggregated 13F filings for Q3 2016.