Nuveen Quality Municipal Income Fund
233 hedge funds and large institutions have $813M invested in Nuveen Quality Municipal Income Fund in 2021 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 80 increasing their positions, 49 reducing their positions, and 24 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 49
0.31% more ownership
Funds ownership: 25.05% → 25.37% (+0.31%)
0% less capital invested
Capital invested by funds: $814M → $813M (-$1.13M)
3% less funds holding
Funds holding: 240 → 233 (-7)
21% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 24
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$26.8M |
| 2 |
V
Veritable
Wilmington,
Delaware
|
+$20.8M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$11.6M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$7.9M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$2.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$58.2M |
| 2 |
Morgan Stanley
New York
|
-$6.09M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$4.17M |
| 4 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
-$1.51M |
| 5 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
-$1.04M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FWM
251
FSA Wealth Management
Needham,
Massachusetts
| – | -$28K | -1,806 | Closed |
|
|
FPCG
252
Fort Pitt Capital Group
Pittsburgh,
Pennsylvania
| – | -$26K | -1,710 | Closed |
|
|
MA
253
MUFG Americas
New York
| – | -$10K | -669 | Closed |
|
254
Bessemer Group
Woodbridge,
New Jersey
| – | -$6K | -377 | Closed |
|
|
WLPWM
255
Walled Lake Planning & Wealth Management
Winnetka,
Illinois
| – | -$5K | -344 | Closed |
|
|
AWM
256
Accel Wealth Management
Waverly,
Iowa
| – | -$3K | -187 | Closed |
|
NAD Hedge Fund Activity: Q1 2021 in Review
233 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q1 2021, worth a combined $813M — down 0.14% from $814M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of NAD and 19 opened new positions — a net loss of 5 holders — while 49 trimmed existing stakes and 80 added.
The largest buyer was Parametric Portfolio Associates, adding an estimated $26.8M. The largest seller was Karpus Investment Management, cutting an estimated $58.2M.
- 233 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q1 2021, down from 240 in Q4 2020.
- Funds reported $813M of Nuveen Quality Municipal Income Fund stock for Q1 2021, down 0.14% quarter-over-quarter.
- 19 funds opened new Nuveen Quality Municipal Income Fund positions in Q1 2021 and 24 closed out, a net change of -5 holders.
- The largest Nuveen Quality Municipal Income Fund buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $26.8M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q1 2021 was Karpus Investment Management, an estimated $58.2M sold.
Based on aggregated 13F filings for Q1 2021.