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Nuveen Quality Municipal Income Fund
NAD

148 hedge funds and large institutions have $370M invested in Nuveen Quality Municipal Income Fund in 2016 Q3 according to their latest regulatory filings, with 92 funds opening new positions, 48 increasing their positions, 3 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,200% more first-time investments, than exits

New positions opened: 92 | Existing positions closed: 4

1,500% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 3

649% more capital invested

Capital invested by funds: $49.4M → $370M (+$321M)

147% more funds holding

Funds holding: 60 → 148 (+88)

4.05% more ownership

Funds ownership: 8.12% → 12.18% (+4.1%)

Holders
148
Holders Change
+88
Holders Change %
+146.67%
% of All Funds
3.95%
Holding in Top 10
3
Holding in Top 10 Change
+3
Holding in Top 10 Change %
% of All Funds
0.08%
New
92
Increased
48
Reduced
3
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$48.7M
2
KIM
Karpus Investment Management
New York
+$39.8M
3
Wells Fargo
Wells Fargo
California
+$20.1M
4
1CP
1607 Capital Partners
Virginia
+$17.9M
5
GC
Guggenheim Capital
Illinois
+$17.3M

Top Sellers

1
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$959K
2
NIM
Northeast Investment Management
Massachusetts
-$315K
3
VKH
Virtu KCG Holdings
New York
-$215K
4
SMH
Sanders Morris Harris
Texas
-$176K
5
Baird Financial Group
Baird Financial Group
Wisconsin
-$170K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
51
Citigroup
New York
$808K +$832K +53,627 New
WS
52
Wedbush Securities
California
$753K +$775K +49,968 New
NL
53
NWAM LLC
Washington
$751K +$774K +49,865 New
Creative Planning
54
Creative Planning
Kansas
$745K +$739K +47,640 +2,629%
GLA
55
Great Lakes Advisors
Illinois
$744K +$766K +49,369 New
HighTower Advisors
56
HighTower Advisors
Illinois
$723K +$749K +48,281 New
Fifth Third Bancorp
57
Fifth Third Bancorp
Ohio
$720K +$741K +47,774 New
PMG
58
ProVise Management Group
Florida
$699K +$720K +46,389 New
TC
59
TFS Capital
Pennsylvania
$657K +$329K +21,216 +95%
Cohen & Steers
60
Cohen & Steers
New York
$656K +$676K +43,542 New
RCAG
61
Rehmann Capital Advisory Group
Michigan
$620K +$639K +41,155 New
MFS
62
MSI Financial Services
Massachusetts
$580K +$424K +27,336 +246%
WFI
63
West Family Investments
California
$563K +$580K +37,385 New
V
64
Veritable
Delaware
$487K +$501K +32,315 New
DC
65
Davenport & Co
Virginia
$474K +$177K +11,433 +57%
YP
66
Yellowstone Partners
Idaho
$447K +$283K +18,219 +159%
US Bancorp
67
US Bancorp
Minnesota
$443K +$386K +24,883 +556%
Baird Financial Group
68
Baird Financial Group
Wisconsin
$426K -$170K -10,987 -28%
BTS
69
BB&T Securities
Virginia
$407K +$419K +27,031 New
OC
70
Oppenheimer & Co
New York
$401K +$413K +26,611 New
Lazard Asset Management
71
Lazard Asset Management
New York
$400K – – –
TW
72
Transform Wealth
Colorado
$392K – – –
AT
73
Arden Trust
Delaware
$392K +$403K +25,985 New
CCP
74
Clough Capital Partners
Massachusetts
$392K +$404K +26,010 New
Koshinski Asset Management
75
Koshinski Asset Management
Illinois
$357K +$368K +23,717 New
1 2
3
4 5

NAD Hedge Fund Activity: Q3 2016 in Review

148 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q3 2016, worth a combined $370M — up 649% from $49.4M a quarter earlier.

Buyers outnumbered sellers: 92 funds opened new NAD positions and 4 closed out — a net gain of 88 holders — while 48 added to existing stakes and 3 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $48.7M. The largest seller was Northwestern Mutual Wealth Management, exiting entirely with an estimated $959K sold.

  • 148 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q3 2016, up from 60 in Q2 2016.
  • Funds reported $370M of Nuveen Quality Municipal Income Fund stock for Q3 2016, up 649% quarter-over-quarter.
  • 92 funds opened new Nuveen Quality Municipal Income Fund positions in Q3 2016 and 4 closed out, a net change of +88 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q3 2016 was Morgan Stanley, an estimated $48.7M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q3 2016 was Northwestern Mutual Wealth Management, an estimated $959K sold.

Based on aggregated 13F filings for Q3 2016.