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Nuveen Quality Municipal Income Fund
NAD

180 hedge funds and large institutions have $480M invested in Nuveen Quality Municipal Income Fund in 2018 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 58 increasing their positions, 38 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

53% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 38

11% more capital invested

Capital invested by funds: $430M → $480M (+$49.3M)

11% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 19

2.93% more ownership

Funds ownership: 15.15% → 18.09% (+2.9%)

1% more funds holding

Funds holding: 179 → 180 (+1)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

Holders
180
Holders Change
+1
Holders Change %
+0.56%
% of All Funds
4.13%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.11%
New
21
Increased
58
Reduced
38
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$32.5M
2
BI
Bramshill Investments
Florida
+$11M
3
PPA
Parametric Portfolio Associates
Washington
+$8.43M
4
RCM
Robinson Capital Management
Michigan
+$8.39M
5
Wells Fargo
Wells Fargo
California
+$7.1M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$4.12M
2
SAM
Shamrock Asset Management
Texas
-$1.19M
3
Squarepoint
Squarepoint
New York
-$1.11M
4
SIA
Sit Investment Associates
Minnesota
-$912K
5
DA
Doliver Advisors
Texas
-$907K
Name Holding Trade Value Shares
Change 		Change in
Stake
GEM
51
Global Endowment Management
North Carolina
$788K +$62.8K +4,705 +9%
Bank of Montreal
52
Bank of Montreal
Ontario, Canada
$776K +$749K +56,062 +1,869%
First Trust Advisors
53
First Trust Advisors
Illinois
$758K +$89.4K +6,696 +13%
Creative Planning
54
Creative Planning
Kansas
$728K +$254 +19 +0%
Bank of New York Mellon
55
Bank of New York Mellon
New York
$714K +$15.2K +1,135 +2%
CCWA
56
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$682K – – –
HCM
57
Hollencrest Capital Management
California
$655K – – –
VC
58
Vicus Capital
Pennsylvania
$654K -$160K -11,999 -19%
SWP
59
Stratos Wealth Partners
Ohio
$588K -$129K -9,682 -18%
Millennium Management
60
Millennium Management
New York
$571K +$416K +31,181 +254%
MIG
61
Mariner Investment Group
New York
$516K – – –
RCAG
62
Rehmann Capital Advisory Group
Michigan
$492K -$124K -9,282 -20%
Koshinski Asset Management
63
Koshinski Asset Management
Illinois
$492K +$194K +14,546 +64%
WFI
64
West Family Investments
California
$491K – – –
NL
65
NWAM LLC
Washington
$483K -$153K -11,443 -24%
PMG
66
ProVise Management Group
Florida
$446K -$22.7K -1,700 -5%
BTS
67
BB&T Securities
Virginia
$440K -$46.5K -3,480 -9%
US Bancorp
68
US Bancorp
Minnesota
$404K -$4.51K -338 -1%
PAS
69
Park Avenue Securities
New York
$400K +$115K +8,645 +40%
AA
70
AQR Arbitrage
Connecticut
$396K +$81.7K +6,118 +25%
IA
71
IFP Advisors
Florida
$395K – – –
Janney Montgomery Scott
72
Janney Montgomery Scott
Pennsylvania
$374K -$50K -3,743 -12%
MML Investors Services
73
MML Investors Services
Massachusetts
$368K -$8.56K -641 -2%
WAOTB
74
Wealth Advisors of Tampa Bay
Florida
$358K – – –
WS
75
Wedbush Securities
California
$357K +$363K +27,195 New
1 2
3
4 5

NAD Hedge Fund Activity: Q1 2018 in Review

180 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q1 2018, worth a combined $480M — up 11% from $430M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new NAD positions and 19 closed out — a net gain of 2 holders — while 58 added to existing stakes and 38 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $32.5M. The largest seller was Bank of America, cutting an estimated $4.12M.

  • 180 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q1 2018, up from 179 in Q4 2017.
  • Funds reported $480M of Nuveen Quality Municipal Income Fund stock for Q1 2018, up 11% quarter-over-quarter.
  • 21 funds opened new Nuveen Quality Municipal Income Fund positions in Q1 2018 and 19 closed out, a net change of +2 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q1 2018 was Karpus Investment Management, an estimated $32.5M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q1 2018 was Bank of America, an estimated $4.12M sold.

Based on aggregated 13F filings for Q1 2018.