NUVEEN ELECT TAX-FREE INC 2
NXQ
NXQ was delisted on the 3rd of December, 2021.
46 hedge funds and large institutions have $26.3M invested in NUVEEN ELECT TAX-FREE INC 2 in 2018 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 7 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
86% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 7
12% more funds holding
Funds holding: 41 → 46 (+5)
9% more capital invested
Capital invested by funds: $24.1M → $26.3M (+$2.17M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.21M |
| 2 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$1.08M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$635K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$496K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$288K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$522K |
| 2 |
Morgan Stanley
New York
|
-$518K |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$112K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$91K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$68.4K |
NXQ Hedge Fund Activity: Q1 2018 in Review
46 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in NUVEEN ELECT TAX-FREE INC 2 (NXQ) for Q1 2018, worth a combined $26.3M — up 9% from $24.1M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new NXQ positions and 1 closed out — a net gain of 5 holders — while 13 added to existing stakes and 7 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $1.21M. The largest seller was Tortoise Investment Management, cutting an estimated $522K.
- 46 institutional investors held NUVEEN ELECT TAX-FREE INC 2 (NXQ) as of Q1 2018, up from 41 in Q4 2017.
- Funds reported $26.3M of NUVEEN ELECT TAX-FREE INC 2 stock for Q1 2018, up 9% quarter-over-quarter.
- 6 funds opened new NUVEEN ELECT TAX-FREE INC 2 positions in Q1 2018 and 1 closed out, a net change of +5 holders.
- The largest NUVEEN ELECT TAX-FREE INC 2 buyer in Q1 2018 was Karpus Investment Management, an estimated $1.21M added.
- The largest NUVEEN ELECT TAX-FREE INC 2 seller in Q1 2018 was Tortoise Investment Management, an estimated $522K sold.
Based on aggregated 13F filings for Q1 2018.