Nuveen Quality Municipal Income Fund
56 hedge funds and large institutions have $41.5M invested in Nuveen Quality Municipal Income Fund in 2015 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 22 reducing their positions, and 8 closing their positions.
1.2% less ownership
Funds ownership: 9.06% → 7.86% (-1.2%)
3% less funds holding
Funds holding: 58 → 56 (-2)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
17% less capital invested
Capital invested by funds: $50.3M → $41.5M (-$8.8M)
45% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.13M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
+$499K |
| 3 |
Cohen & Steers
New York
|
+$306K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$218K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
+$157K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.48M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.37M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$967K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$849K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$802K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KTC
51
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
| $23K | – | – | – |
|
|
CA
52
CapWealth Advisors
Franklin,
Tennessee
| $12K | – | – | – |
|
|
BC
53
Bartlett & Co
Cincinnati,
Ohio
| $8K | – | – | – |
|
|
EWM
54
Evercore Wealth Management
New York
| $5K | – | – | – |
|
55
Northern Trust
Chicago,
Illinois
| $4K | +$47.1K | +3,350 | +12% |
|
56
Citigroup
New York
| $2K | -$5.29K | -376 | -73% |
|
|
KIM
57
Karpus Investment Management
Pittsford,
New York
| – | -$1.37M | -95,755 | Closed |
|
|
AA
58
AQR Arbitrage
Greenwich,
Connecticut
| – | -$578K | -40,336 | Closed |
|
|
CRC
59
Curi RMB Capital
Chicago,
Illinois
| – | -$266K | -18,583 | Closed |
|
|
WAM
60
Wolverine Asset Management
Chicago,
Illinois
| – | -$124K | -8,718 | Closed |
|
61
Creative Planning
Overland Park,
Kansas
| – | -$43K | -3,000 | Closed |
|
|
MA
62
MUFG Americas
New York
| – | -$6K | -396 | Closed |
|
|
ASN
63
Advisory Services Network
Atlanta,
Georgia
| – | -$5K | -340 | Closed |
|
|
PSI
64
Pinnacle Summer Investments
Fairfax,
Virginia
| – | -$15K | -1 | Closed |
|
NAD Hedge Fund Activity: Q2 2015 in Review
56 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q2 2015, worth a combined $41.5M — down 17% from $50.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NAD and 7 opened new positions — a net loss of 1 holder — while 22 trimmed existing stakes and 12 added.
The largest buyer was Bank of America, adding an estimated $2.13M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.48M.
- 56 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q2 2015, down from 58 in Q1 2015.
- Funds reported $41.5M of Nuveen Quality Municipal Income Fund stock for Q2 2015, down 17% quarter-over-quarter.
- 7 funds opened new Nuveen Quality Municipal Income Fund positions in Q2 2015 and 8 closed out, a net change of -1 holder.
- The largest Nuveen Quality Municipal Income Fund buyer in Q2 2015 was Bank of America, an estimated $2.13M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q2 2015 was Rivernorth Capital Management, an estimated $2.48M sold.
Based on aggregated 13F filings for Q2 2015.