Nuveen Quality Municipal Income Fund
240 hedge funds and large institutions have $814M invested in Nuveen Quality Municipal Income Fund in 2020 Q4 according to their latest regulatory filings, with 36 funds opening new positions, 78 increasing their positions, 39 reducing their positions, and 21 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 39
71% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 21
6% more funds holding
Funds holding: 226 → 240 (+14)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0% less capital invested
Capital invested by funds: $815M → $814M (-$1.62M)
1.45% less ownership
Funds ownership: 26.51% → 25.05% (-1.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
V
Veritable
Wilmington,
Delaware
|
+$10.3M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$8.06M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$5.13M |
| 4 |
RVPG
Relative Value Partners Group
|
+$1.75M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$50.8M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$10.8M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$7.08M |
| 4 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
-$3.88M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.01M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TW
251
Transform Wealth
Greenwood Village,
Colorado
| – | -$169K | -11,621 | Closed |
|
|
MFG
252
Merit Financial Group
Alpharetta,
Georgia
| – | -$166K | -11,450 | Closed |
|
|
JWCA
253
J.W. Cole Advisors
Tampa,
Florida
| – | -$154K | -10,583 | Closed |
|
|
LF
254
Lantz Financial
Naperville,
Illinois
| – | -$150K | -10,333 | Closed |
|
|
SCA
255
SMH Capital Advisors
Fort Worth,
Texas
| – | -$150K | -10,329 | Closed |
|
|
BCA
256
Berman Capital Advisors
Atlanta,
Georgia
| – | -$37K | -2,594 | Closed |
|
|
BBA
257
Braun-Bostich & Associates
Canonsburg,
Pennsylvania
| – | -$25K | -1,690 | Closed |
|
|
AWM
258
Adams Wealth Management
Logan,
Utah
| – | -$23K | -1,599 | Closed |
|
|
CI
259
CX Institutional
Auburn,
Indiana
| – | -$13K | -895 | Closed |
|
|
CFA
260
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$1K | -125 | Closed |
|
261
Fidelity Investments
Boston,
Massachusetts
| – | +$15 | +1 | New |
|
|
ICP
262
Interchange Capital Partners
Pittsburgh,
Pennsylvania
| – | +$635 | +43 | New |
|
NAD Hedge Fund Activity: Q4 2020 in Review
240 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q4 2020, worth a combined $814M — down 0.2% from $815M a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new NAD positions and 21 closed out — a net gain of 15 holders — while 78 added to existing stakes and 39 trimmed.
The largest buyer was Veritable, adding an estimated $10.3M. The largest seller was Karpus Investment Management, cutting an estimated $50.8M.
- 240 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q4 2020, up from 226 in Q3 2020.
- Funds reported $814M of Nuveen Quality Municipal Income Fund stock for Q4 2020, down 0.2% quarter-over-quarter.
- 36 funds opened new Nuveen Quality Municipal Income Fund positions in Q4 2020 and 21 closed out, a net change of +15 holders.
- The largest Nuveen Quality Municipal Income Fund buyer in Q4 2020 was Veritable, an estimated $10.3M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q4 2020 was Karpus Investment Management, an estimated $50.8M sold.
Based on aggregated 13F filings for Q4 2020.