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Nuveen Quality Municipal Income Fund
NAD

55 hedge funds and large institutions have $60M invested in Nuveen Quality Municipal Income Fund in 2014 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 14 increasing their positions, 17 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.9% less ownership

Funds ownership: 11.78% → 10.87% (-0.9%)

3% less capital invested

Capital invested by funds: $61.6M → $60M (-$1.6M)

11% less funds holding

Funds holding: 62 → 55 (-7)

18% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 17

88% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 8

Holders
55
Holders Change
-7
Holders Change %
-11.29%
% of All Funds
1.58%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
14
Reduced
17
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$698K
2
Invesco
Invesco
Georgia
+$531K
3
Bank of America
Bank of America
North Carolina
+$405K
4
KIM
Karpus Investment Management
New York
+$306K
5
U
UBS
Switzerland
+$170K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$1.6M
2
GEM
Global Endowment Management
North Carolina
-$1.58M
3
RCM
Rivernorth Capital Management
Florida
-$1.21M
4
GCM
Gruss Capital Management
New York
-$638K
5
AAM
Advisors Asset Management
Colorado
-$539K
Name Holding Trade Value Shares
Change 		Change in
Stake
BA
26
Boston Advisors
Massachusetts
$260K – – –
RJA
27
Raymond James & Associates
Florida
$242K -$51.8K -3,735 -18%
VC
28
Vicus Capital
Pennsylvania
$227K +$26K +1,875 +13%
HCM
29
Hollencrest Capital Management
California
$203K – – –
Stifel Financial
30
Stifel Financial
Missouri
$185K -$341K -24,614 -65%
AIG
31
American International Group
New York
$174K – – –
MFS
32
MSI Financial Services
Massachusetts
$159K -$125 -9 -0.1%
MAM
33
Marquette Asset Management
Minnesota
$159K – – –
DA
34
Doliver Advisors
Texas
$152K -$128K -9,259 -46%
CS
35
Credit Suisse
Switzerland
$147K +$3.23K +233 +2%
SIA
36
Sit Investment Associates
Minnesota
$141K – – –
Bank of Montreal
37
Bank of Montreal
Ontario, Canada
$70K -$27.7K -2,000 -29%
SNT
38
Security National Trust
West Virginia
$57K – – –
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$39K – – –
HCM
40
Horrell Capital Management
Arkansas
$38K – – –
LTFS
41
Ladenburg Thalmann Financial Services
Florida
$35K +$319 +23 +0.9%
Creative Planning
42
Creative Planning
Kansas
$28K – – –
KTC
43
Kistler-Tiffany Companies
Pennsylvania
$24K – – –
BPBT
44
Boston Private Bank & Trust
Massachusetts
$23K – – –
AF
45
Arrow Financial
New York
$17K – – –
TWA
46
TCI Wealth Advisors
Arizona
$15K – – –
CA
47
CapWealth Advisors
Tennessee
$13K – – –
BC
48
Bartlett & Co
Ohio
$8K – – –
BFEC
49
Benjamin F. Edwards & Company
Missouri
$7K +$6.93K +500 New
EWM
50
Evercore Wealth Management
New York
$5K – – –
1
2
3

NAD Hedge Fund Activity: Q2 2014 in Review

55 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q2 2014, worth a combined $60M — down 2.6% from $61.6M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of NAD and 1 opened new positions — a net loss of 7 holders — while 17 trimmed existing stakes and 14 added.

The largest buyer was Parametric Portfolio Associates, adding an estimated $698K. The largest seller was Guggenheim Capital, cutting an estimated $1.6M.

  • 55 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q2 2014, down from 62 in Q1 2014.
  • Funds reported $60M of Nuveen Quality Municipal Income Fund stock for Q2 2014, down 2.6% quarter-over-quarter.
  • 1 fund opened new Nuveen Quality Municipal Income Fund positions in Q2 2014 and 8 closed out, a net change of -7 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q2 2014 was Parametric Portfolio Associates, an estimated $698K added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q2 2014 was Guggenheim Capital, an estimated $1.6M sold.

Based on aggregated 13F filings for Q2 2014.