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Nuveen Quality Municipal Income Fund
NAD

62 hedge funds and large institutions have $61.6M invested in Nuveen Quality Municipal Income Fund in 2014 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 9

15% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 13

3% more funds holding

Funds holding: 60 → 62 (+2)

1% more capital invested

Capital invested by funds: $61.2M → $61.6M (+$375K)

0.67% less ownership

Funds ownership: 12.45% → 11.78% (-0.67%)

Holders
62
Holders Change
+2
Holders Change %
+3.33%
% of All Funds
1.79%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
15
Reduced
13
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$1.39M
2
Bank of America
Bank of America
North Carolina
+$808K
3
PPA
Parametric Portfolio Associates
Washington
+$719K
4
TC
TFS Capital
Pennsylvania
+$426K
5
RJA
Raymond James & Associates
Florida
+$278K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$3.1M
2
AAM
Advisors Asset Management
Colorado
-$1.35M
3
MIG
Mariner Investment Group
New York
-$923K
4
MFS
MSI Financial Services
Massachusetts
-$669K
5
Wells Fargo
Wells Fargo
California
-$651K
Name Holding Trade Value Shares
Change 		Change in
Stake
ACM
26
Argentus Capital Management
Texas
$283K – – –
RJA
27
Raymond James & Associates
Florida
$279K +$278K +20,815 New
DA
28
Doliver Advisors
Texas
$268K +$40.4K +3,023 +18%
DC
29
Davenport & Co
Virginia
$268K – – –
TCM
30
Tradewinds Capital Management
Washington
$253K +$1.56K +117 +0.6%
BA
31
Boston Advisors
Massachusetts
$246K – – –
HCM
32
Hollencrest Capital Management
California
$192K – – –
VC
33
Vicus Capital
Pennsylvania
$190K +$190K +14,200 New
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$180K -$164K -12,286 -48%
AIG
35
American International Group
New York
$164K +$164K +12,275 New
MAM
36
Marquette Asset Management
Minnesota
$151K – – –
MFS
37
MSI Financial Services
Massachusetts
$150K -$669K -50,119 -82%
Janney Montgomery Scott
38
Janney Montgomery Scott
Pennsylvania
$146K +$146K +10,937 New
CS
39
Credit Suisse
Switzerland
$136K +$135K +10,136 New
SIA
40
Sit Investment Associates
Minnesota
$134K – – –
Bank of Montreal
41
Bank of Montreal
Ontario, Canada
$94K – – –
SNT
42
Security National Trust
West Virginia
$54K – – –
AllianceBernstein
43
AllianceBernstein
Tennessee
$41K +$40.7K +3,044 New
PNC Financial Services Group
44
PNC Financial Services Group
Pennsylvania
$37K – – –
HCM
45
Horrell Capital Management
Arkansas
$36K +$35.5K +2,660 New
LTFS
46
Ladenburg Thalmann Financial Services
Florida
$32K +$227 +17 +0.7%
Citigroup
47
Citigroup
New York
$27K -$11.9K -893 -31%
Creative Planning
48
Creative Planning
Kansas
$27K – – –
MAS
49
Madden Advisory Services
Florida
$27K +$26.7K +2,000 New
KTC
50
Kistler-Tiffany Companies
Pennsylvania
$23K – – –
1
2
3

NAD Hedge Fund Activity: Q1 2014 in Review

62 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q1 2014, worth a combined $61.6M — up 0.61% from $61.2M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new NAD positions and 9 closed out — a net gain of 2 holders — while 15 added to existing stakes and 13 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $1.39M. The largest seller was Invesco, cutting an estimated $3.1M.

  • 62 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q1 2014, up from 60 in Q4 2013.
  • Funds reported $61.6M of Nuveen Quality Municipal Income Fund stock for Q1 2014, up 0.61% quarter-over-quarter.
  • 11 funds opened new Nuveen Quality Municipal Income Fund positions in Q1 2014 and 9 closed out, a net change of +2 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q1 2014 was Karpus Investment Management, an estimated $1.39M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q1 2014 was Invesco, an estimated $3.1M sold.

Based on aggregated 13F filings for Q1 2014.