Institutional Investors Love Nuveen Amt-free Municipal Income Fund (NYSE:NEA)

June 16, 2018 - By Hazel Jackson

Sentiment for Nuveen Amt-free Municipal Income Fund (NYSE:NEA)

Nuveen Amt-free Municipal Income Fund (NYSE:NEA) institutional sentiment increased to 1.4 in Q1 2018. Its up 0.05, from 1.35 in 2017Q4. The ratio is positive, as 63 investment managers opened new or increased equity positions, while 45 reduced and sold stock positions in Nuveen Amt-free Municipal Income Fund. The investment managers in our partner’s database now own: 38.18 million shares, up from 34.93 million shares in 2017Q4. Also, the number of investment managers holding Nuveen Amt-free Municipal Income Fund in their top 10 equity positions increased from 2 to 4 for an increase of 2. Sold All: 17 Reduced: 28 Increased: 46 New Position: 17.

The stock decreased 0.54% or $0.07 during the last trading session, reaching $12.91. About 349,159 shares traded. Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) has declined 4.81% since June 16, 2017 and is downtrending. It has underperformed by 17.38% the S&P500.

Robinson Capital Management Llc holds 4.31% of its portfolio in Nuveen AMT-Free Quality Municipal Income Fund for 1.08 million shares. Rivernorth Capital Management Llc owns 3.59 million shares or 3.47% of their US portfolio. Moreover, Karpus Management Inc. has 2.44% invested in the company for 4.17 million shares. The Pennsylvania-based Jfs Wealth Advisors Llc has invested 1.08% in the stock. Goodwin Daniel L, a Illinois-based fund reported 150,332 shares.

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