Nuveen Quality Municipal Income Fund
60 hedge funds and large institutions have $45.6M invested in Nuveen Quality Municipal Income Fund in 2015 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 14 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
36% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 14
5% more funds holding
Funds holding: 57 → 60 (+3)
2% more capital invested
Capital invested by funds: $44.7M → $45.6M (+$900K)
0.26% less ownership
Funds ownership: 8.34% → 8.08% (-0.26%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.35M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.27M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$812K |
| 4 |
LPL Financial
San Diego,
California
|
+$707K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$634K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.56M |
| 2 |
LSA
Liberty Street Advisors
New York
|
-$1.12M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$615K |
| 4 |
Morgan Stanley
New York
|
-$613K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$239K |
NAD Hedge Fund Activity: Q4 2015 in Review
60 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q4 2015, worth a combined $45.6M — up 2% from $44.7M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new NAD positions and 5 closed out — a net gain of 3 holders — while 19 added to existing stakes and 14 trimmed.
The largest buyer was Bank of America, adding an estimated $2.35M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $5.56M sold.
- 60 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q4 2015, up from 57 in Q3 2015.
- Funds reported $45.6M of Nuveen Quality Municipal Income Fund stock for Q4 2015, up 2% quarter-over-quarter.
- 8 funds opened new Nuveen Quality Municipal Income Fund positions in Q4 2015 and 5 closed out, a net change of +3 holders.
- The largest Nuveen Quality Municipal Income Fund buyer in Q4 2015 was Bank of America, an estimated $2.35M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q4 2015 was Rivernorth Capital Management, an estimated $5.56M sold.
Based on aggregated 13F filings for Q4 2015.