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Nuveen Quality Municipal Income Fund
NAD

60 hedge funds and large institutions have $61.2M invested in Nuveen Quality Municipal Income Fund in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 17 increasing their positions, 12 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 9

42% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 12

9% more funds holding

Funds holding: 55 → 60 (+5)

5% more capital invested

Capital invested by funds: $58.5M → $61.2M (+$2.74M)

0.95% more ownership

Funds ownership: 11.5% → 12.45% (+0.95%)

Holders
60
Holders Change
+5
Holders Change %
+9.09%
% of All Funds
1.74%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
17
Reduced
12
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$2.85M
2
RCM
Rivernorth Capital Management
Florida
+$2.36M
3
GEM
Global Endowment Management
North Carolina
+$2.31M
4
MIG
Mariner Investment Group
New York
+$927K
5
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
+$797K

Top Sellers

Rank Fund Capital Flow
1
CRAM
Claren Road Asset Management
New York
-$2.53M
2
Invesco
Invesco
Georgia
-$2.5M
3
U
UBS
Switzerland
-$1.54M
4
FTCM
Fir Tree Capital Management
New York
-$736K
5
GC
Guggenheim Capital
Illinois
-$453K
Name Holding Trade Value Shares
Change 		Change in
Stake
TWA
51
TCI Wealth Advisors
Arizona
$14K – – –
NES
52
New England Securities
New York
$13K +$12.6K +1,000 New
TJHA
53
Thomas J. Herzfeld Advisors
Florida
$13K +$12.6K +1,000 New
CA
54
CapWealth Advisors
Tennessee
$11K – – –
BC
55
Bartlett & Co
Ohio
$8K – – –
Fifth Third Bancorp
56
Fifth Third Bancorp
Ohio
$6K – – –
MA
57
MUFG Americas
New York
$5K +$4.7K +372 New
EWM
58
Evercore Wealth Management
New York
$4K – – –
ASN
59
Advisory Services Network
Georgia
$4K +$4.3K +340 New
Northern Trust
60
Northern Trust
Illinois
$3K – – –
CRAM
61
Claren Road Asset Management
New York
– -$2.53M -194,089 Closed
FTCM
62
Fir Tree Capital Management
New York
– -$736K -56,497 Closed
Comerica Bank
63
Comerica Bank
Texas
– -$331K -25,429 Closed
CS
64
Credit Suisse
Switzerland
– -$226K -17,336 Closed
PP
65
Paloma Partners
Connecticut
– -$143K -11,000 Closed
PFO
66
Pathstone Family Office
New Jersey
– -$86K -6,627 Closed
Ameriprise
67
Ameriprise
Minnesota
– -$45K -3,430 Closed
RIA
68
Regal Investment Advisors
Michigan
– -$8K -575 Closed
AIG
69
American International Group
New York
– -$2.25K -173 Closed
1 2
3

NAD Hedge Fund Activity: Q4 2013 in Review

60 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q4 2013, worth a combined $61.2M — up 4.7% from $58.5M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new NAD positions and 9 closed out — a net gain of 6 holders — while 17 added to existing stakes and 12 trimmed.

The largest buyer was Bank of America, adding an estimated $2.85M. The largest seller was Claren Road Asset Management, exiting entirely with an estimated $2.53M sold.

  • 60 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q4 2013, up from 55 in Q3 2013.
  • Funds reported $61.2M of Nuveen Quality Municipal Income Fund stock for Q4 2013, up 4.7% quarter-over-quarter.
  • 15 funds opened new Nuveen Quality Municipal Income Fund positions in Q4 2013 and 9 closed out, a net change of +6 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q4 2013 was Bank of America, an estimated $2.85M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q4 2013 was Claren Road Asset Management, an estimated $2.53M sold.

Based on aggregated 13F filings for Q4 2013.