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Nuveen Quality Municipal Income Fund
NAD

175 hedge funds and large institutions have $609M invested in Nuveen Quality Municipal Income Fund in 2018 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 49 increasing their positions, 34 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 34

17% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 18

12% more capital invested

Capital invested by funds: $542M → $609M (+$66.8M)

2% more funds holding

Funds holding: 172 → 175 (+3)

1.29% more ownership

Funds ownership: 20.21% → 21.5% (+1.3%)

14% less funds holding in top 10

Funds holding in top 10: 7 → 6 (-1)

Holders
175
Holders Change
+3
Holders Change %
+1.74%
% of All Funds
4%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.14%
New
21
Increased
49
Reduced
34
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$9.13M
2
BI
Bramshill Investments
Florida
+$5.84M
3
Wells Fargo
Wells Fargo
California
+$5.27M
4
DWM
Dakota Wealth Management
Florida
+$4.63M
5
COLIM
City of London Investment Management
United Kingdom
+$2.46M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.46M
2
RCM
Rivernorth Capital Management
Florida
-$2.22M
3
GLA
Great Lakes Advisors
Illinois
-$1.03M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$826K
5
OA
Oxbow Advisors
Texas
-$519K
Name Holding Trade Value Shares
Change 		Change in
Stake
6M
26
6 Meridian
Kansas
$2.89M -$88.6K -6,732 -3%
Stifel Financial
27
Stifel Financial
Missouri
$2.86M +$33.3K +2,532 +1%
AG
28
Advisor Group
Arizona
$2.84M +$67.9K +5,158 +2%
JWA
29
JFS Wealth Advisors
Pennsylvania
$2.36M +$42.7K +3,249 +2%
PAM
30
PT Asset Management
Illinois
$2.35M – – –
NCMW
31
Northern Capital Management (Wisconsin)
Wisconsin
$2.33M +$190K +14,475 +9%
HFA
32
Huber Financial Advisors
Illinois
$2.31M +$316 +24 +0%
1832 Asset Management
33
1832 Asset Management
Ontario, Canada
$2.18M – – –
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$2.08M +$517K +39,295 +32%
RJFSA
35
Raymond James Financial Services Advisors
Florida
$2.01M +$397K +30,198 +24%
NMC
36
Nine Masts Capital
Hong Kong
$2M +$2.06M +156,600 New
CWM
37
Cornerstone Wealth Management
Missouri
$2M +$372K +28,300 New
TCM
38
Tradewinds Capital Management
Washington
$1.98M +$276 +21 +0%
LCM
39
Landscape Capital Management
New Jersey
$1.88M +$523K +39,752 +37%
CIA
40
Capital Investment Advisors
Georgia
$1.74M +$29.7K +2,259 +2%
Susquehanna International Group
41
Susquehanna International Group
Pennsylvania
$1.56M +$1.6M +121,967 New
Cambridge Investment Research Advisors
42
Cambridge Investment Research Advisors
Iowa
$1.51M -$4.07K -309 -0.3%
HK
43
Horizon Kinetics
New York
$1.44M – – –
LTFS
44
Ladenburg Thalmann Financial Services
Florida
$1.28M -$190K -14,463 -13%
UCFA
45
United Capital Financial Advisors
Texas
$1.27M +$409K +31,074 +45%
ICA
46
Infrastructure Capital Advisors
New York
$1.17M – – –
VCM
47
Vivaldi Capital Management
Illinois
$1.16M +$90.9K +6,913 +8%
FFA
48
First Foundation Advisors
California
$1.14M -$112K -8,528 -9%
DLG
49
Daniel L. Goodwin
$1.1M – – –
Northwestern Mutual Wealth Management
50
Northwestern Mutual Wealth Management
Wisconsin
$1.06M +$77.1K +5,862 +8%
1
2
3 4 5

NAD Hedge Fund Activity: Q3 2018 in Review

175 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q3 2018, worth a combined $609M — up 12% from $542M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new NAD positions and 18 closed out — a net gain of 3 holders — while 49 added to existing stakes and 34 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $9.13M. The largest seller was Morgan Stanley, cutting an estimated $2.46M.

  • 175 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q3 2018, up from 172 in Q2 2018.
  • Funds reported $609M of Nuveen Quality Municipal Income Fund stock for Q3 2018, up 12% quarter-over-quarter.
  • 21 funds opened new Nuveen Quality Municipal Income Fund positions in Q3 2018 and 18 closed out, a net change of +3 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q3 2018 was Karpus Investment Management, an estimated $9.13M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q3 2018 was Morgan Stanley, an estimated $2.46M sold.

Based on aggregated 13F filings for Q3 2018.