Nuveen Municipal Credit Income Fund
NZF
117 hedge funds and large institutions have $246M invested in Nuveen Municipal Credit Income Fund in 2017 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 34 increasing their positions, 29 reducing their positions, and 16 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 29
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 16
0.77% less ownership
Funds ownership: 12.44% → 11.67% (-0.77%)
1% less funds holding
Funds holding: 118 → 117 (-1)
5% less capital invested
Capital invested by funds: $257M → $246M (-$11.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$3.35M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$3.31M |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
+$1.37M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.07M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$615K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$10.8M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$7.08M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.87M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$1.44M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.19M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WEC
126
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$111K | -7,864 | Closed |
|
|
NFG
127
Next Financial Group
Houston,
Texas
| – | -$99K | -6,980 | Closed |
|
|
PSUF
128
People's United Financial
Bridgeport,
Connecticut
| – | -$28K | -1,983 | Closed |
|
|
RFM
129
Royal Fund Management
Lady Lake,
Florida
| – | -$17K | -1,253 | Closed |
|
|
AA
130
Apriem Advisors
Irvine,
California
| – | -$14K | -1,000 | Closed |
|
131
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$13K | -911 | Closed |
|
|
AA
132
Ancora Advisors
Cleveland,
Ohio
| – | -$11K | -769 | Closed |
|
|
JCM
133
Jacobi Capital Management
Pittston,
Pennsylvania
| – | -$10K | -694 | Closed |
|
|
SFS
134
Sowell Financial Services
North Little Rock,
Arkansas
| – | -$8K | -564 | Closed |
|
135
First Manhattan
New York
| – | -$5K | -408 | Closed |
|
|
IWA
136
IBEX Wealth Advisors
Bedminster,
New Jersey
| – | -$6K | -392 | Closed |
|
NZF Hedge Fund Activity: Q1 2017 in Review
117 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q1 2017, worth a combined $246M — down 4.5% from $257M a quarter earlier.
Fund positioning in NZF was balanced in Q1 2017: 16 funds opened new positions, 16 closed out, 34 added to existing stakes and 29 trimmed.
The largest buyer was Stifel Financial, adding an estimated $3.35M. The largest seller was Wells Fargo, cutting an estimated $10.8M.
- 117 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q1 2017, down from 118 in Q4 2016.
- Funds reported $246M of Nuveen Municipal Credit Income Fund stock for Q1 2017, down 4.5% quarter-over-quarter.
- 16 funds opened new Nuveen Municipal Credit Income Fund positions in Q1 2017 and 16 closed out, a net change of 0 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q1 2017 was Stifel Financial, an estimated $3.35M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q1 2017 was Wells Fargo, an estimated $10.8M sold.
Based on aggregated 13F filings for Q1 2017.