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Nuveen Quality Municipal Income Fund
NAD

58 hedge funds and large institutions have $50.3M invested in Nuveen Quality Municipal Income Fund in 2015 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 14 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 3

36% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 14

12% more funds holding

Funds holding: 52 → 58 (+6)

1.34% less ownership

Funds ownership: 10.39% → 9.06% (-1.3%)

13% less capital invested

Capital invested by funds: $58.1M → $50.3M (-$7.82M)

Holders
58
Holders Change
+6
Holders Change %
+11.54%
% of All Funds
1.55%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
19
Reduced
14
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MIG
Mariner Investment Group
New York
+$1.3M
2
Morgan Stanley
Morgan Stanley
New York
+$1M
3
SIA
Sit Investment Associates
Minnesota
+$816K
4
NPC
National Planning Corporation
California
+$744K
5
Bank of America
Bank of America
North Carolina
+$628K

Top Sellers

Rank Fund Capital Flow
1
MGAM
McGowan Group Asset Management
Texas
-$10.1M
2
AAM
Advisors Asset Management
Colorado
-$1.62M
3
AQR Capital Management
AQR Capital Management
Connecticut
-$1.07M
4
KIM
Karpus Investment Management
New York
-$625K
5
GC
Guggenheim Capital
Illinois
-$347K
Name Holding Trade Value Shares
Change 		Change in
Stake
TCM
26
Tradewinds Capital Management
Washington
$344K +$20K +1,400 +6%
KeyBank National Association
27
KeyBank National Association
Ohio
$293K +$2.86K +200 +1%
CRC
28
Curi RMB Capital
Illinois
$266K +$266K +18,583 New
BA
29
Boston Advisors
Massachusetts
$242K -$21.5K -1,500 -8%
HCM
30
Hollencrest Capital Management
California
$206K – – –
UCFA
31
United Capital Financial Advisors
Texas
$199K -$18.5K -1,290 -9%
DA
32
Doliver Advisors
Texas
$197K +$197K +13,756 New
PAG
33
Private Advisor Group
New Jersey
$195K +$42.1K +2,940 +28%
Janney Montgomery Scott
34
Janney Montgomery Scott
Pennsylvania
$188K +$2.86K +200 +2%
AIG
35
American International Group
New York
$176K – – –
MFS
36
MSI Financial Services
Massachusetts
$168K -$12.9K -900 -7%
YP
37
Yellowstone Partners
Idaho
$164K +$9.67K +675 +6%
ACM
38
Argentus Capital Management
Texas
$163K -$140K -9,800 -46%
MAM
39
Marquette Asset Management
Minnesota
$160K – – –
WAM
40
Wolverine Asset Management
Illinois
$124K +$125K +8,718 New
PNC Financial Services Group
41
PNC Financial Services Group
Pennsylvania
$83K +$45.1K +3,150 +114%
Bank of Montreal
42
Bank of Montreal
Ontario, Canada
$72K – – –
LTFS
43
Ladenburg Thalmann Financial Services
Florida
$60K +$11.2K +780 +23%
SNT
44
Security National Trust
West Virginia
$57K – – –
Creative Planning
45
Creative Planning
Kansas
$43K +$9.31K +650 +28%
BFEC
46
Benjamin F. Edwards & Company
Missouri
$39K +$10K +700 +35%
HCM
47
Horrell Capital Management
Arkansas
$38K – – –
KTC
48
Kistler-Tiffany Companies
Pennsylvania
$24K – – –
PSI
49
Pinnacle Summer Investments
Virginia
$15K -$200 -14 -93%
CA
50
CapWealth Advisors
Tennessee
$13K +$12.9K +900 New
1
2
3

NAD Hedge Fund Activity: Q1 2015 in Review

58 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q1 2015, worth a combined $50.3M — down 13% from $58.1M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new NAD positions and 3 closed out — a net gain of 6 holders — while 19 added to existing stakes and 14 trimmed.

The largest buyer was Mariner Investment Group, opening a new position worth an estimated $1.3M. The largest seller was McGowan Group Asset Management, exiting entirely with an estimated $10.1M sold.

  • 58 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q1 2015, up from 52 in Q4 2014.
  • Funds reported $50.3M of Nuveen Quality Municipal Income Fund stock for Q1 2015, down 13% quarter-over-quarter.
  • 9 funds opened new Nuveen Quality Municipal Income Fund positions in Q1 2015 and 3 closed out, a net change of +6 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q1 2015 was Mariner Investment Group, an estimated $1.3M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q1 2015 was McGowan Group Asset Management, an estimated $10.1M sold.

Based on aggregated 13F filings for Q1 2015.