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Nuveen Quality Municipal Income Fund
NAD

55 hedge funds and large institutions have $58.5M invested in Nuveen Quality Municipal Income Fund in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 18 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding

Funds holding: 55 → 55 (0)

0% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 6

0.26% less ownership

Funds ownership: 11.76% → 11.5% (-0.26%)

7% less capital invested

Capital invested by funds: $63.2M → $58.5M (-$4.71M)

33% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 18

Holders
55
Holders Change
–
Holders Change %
0%
% of All Funds
1.78%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
12
Reduced
18
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$4.05M
2
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
+$1.1M
3
AQR Capital Management
AQR Capital Management
Connecticut
+$945K
4
PPA
Parametric Portfolio Associates
Washington
+$741K
5
FTCM
Fir Tree Capital Management
New York
+$726K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$4.56M
2
GC
Guggenheim Capital
Illinois
-$1.14M
3
SIA
Sit Investment Associates
Minnesota
-$1.01M
4
U
UBS
Switzerland
-$916K
5
TC
TFS Capital
Pennsylvania
-$832K
Name Holding Trade Value Shares
Change 		Change in
Stake
DLG
26
Daniel L. Goodwin
$322K – – –
ACM
27
Argentus Capital Management
Texas
$314K +$643 +50 +0.2%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$307K -$25.5K -1,987 -8%
KIM
29
Karpus Investment Management
New York
$298K -$47.6K -3,700 -14%
CS
30
Credit Suisse
Switzerland
$226K +$5.87K +457 +3%
DA
31
Doliver Advisors
Texas
$180K -$531K -41,322 -75%
MAM
32
Marquette Asset Management
Minnesota
$147K – – –
PP
33
Paloma Partners
Connecticut
$143K -$6.43K -500 -4%
SIA
34
Sit Investment Associates
Minnesota
$130K -$1.01M -78,200 -89%
US Bancorp
35
US Bancorp
Minnesota
$91K -$17.6K -1,368 -16%
PFO
36
Pathstone Family Office
New Jersey
$86K +$85.2K +6,627 New
WRM
37
Westport Resources Management
Connecticut
$76K – – –
Bank of Montreal
38
Bank of Montreal
Ontario, Canada
$65K – – –
SNT
39
Security National Trust
West Virginia
$52K – – –
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$49K – – –
Ameriprise
41
Ameriprise
Minnesota
$45K -$61.3K -4,771 -58%
LTFS
42
Ladenburg Thalmann Financial Services
Florida
$31K -$2.7K -210 -8%
Creative Planning
43
Creative Planning
Kansas
$26K – – –
BPBT
44
Boston Private Bank & Trust
Massachusetts
$22K – – –
KTC
45
Kistler-Tiffany Companies
Pennsylvania
$22K – – –
AF
46
Arrow Financial
New York
$15K – – –
TWA
47
TCI Wealth Advisors
Arizona
$14K – – –
CA
48
CapWealth Advisors
Tennessee
$12K – – –
BC
49
Bartlett & Co
Ohio
$8K – – –
RIA
50
Regal Investment Advisors
Michigan
$8K – – –
1
2
3

NAD Hedge Fund Activity: Q3 2013 in Review

55 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q3 2013, worth a combined $58.5M — down 7.5% from $63.2M a quarter earlier.

Fund positioning in NAD was balanced in Q3 2013: 6 funds opened new positions, 6 closed out, 12 added to existing stakes and 18 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $4.05M. The largest seller was Invesco, cutting an estimated $4.56M.

  • 55 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q3 2013, unchanged from Q2 2013.
  • Funds reported $58.5M of Nuveen Quality Municipal Income Fund stock for Q3 2013, down 7.5% quarter-over-quarter.
  • 6 funds opened new Nuveen Quality Municipal Income Fund positions in Q3 2013 and 6 closed out, a net change of 0 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q3 2013 was Rivernorth Capital Management, an estimated $4.05M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q3 2013 was Invesco, an estimated $4.56M sold.

Based on aggregated 13F filings for Q3 2013.