Nuveen California AMT-Free Quality Municipal Income FundNKX
Market Cap: $660M
About: Nuveen California AMT-Free Quality Municipal Income Fund is a diversified closed-end management investment company. Its investment objectives are to provide current income exempt from regular federal and California income tax and to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds that the Fund's investment adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
5% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 19
5.84% less ownership
Funds ownership: 20.96% [Q1] → 15.12% (-5.84%) [Q2]
7% less funds holding
Funds holding: 67 [Q1] → 62 (-5) [Q2]
26% less capital invested
Capital invested by funds: $121M [Q1] → $89.9M (-$31.1M) [Q2]
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
Research analyst outlook
We haven’t received any recent analyst ratings for NKX.