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Nuveen Quality Municipal Income Fund
NAD

175 hedge funds and large institutions have $609M invested in Nuveen Quality Municipal Income Fund in 2018 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 49 increasing their positions, 34 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 34

17% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 18

12% more capital invested

Capital invested by funds: $542M → $609M (+$66.8M)

2% more funds holding

Funds holding: 172 → 175 (+3)

1.29% more ownership

Funds ownership: 20.21% → 21.5% (+1.3%)

14% less funds holding in top 10

Funds holding in top 10: 7 → 6 (-1)

Holders
175
Holders Change
+3
Holders Change %
+1.74%
% of All Funds
4%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.14%
New
21
Increased
49
Reduced
34
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$9.13M
2
BI
Bramshill Investments
Florida
+$5.84M
3
Wells Fargo
Wells Fargo
California
+$5.27M
4
DWM
Dakota Wealth Management
Florida
+$4.63M
5
COLIM
City of London Investment Management
United Kingdom
+$2.46M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$2.46M
2
RCM
Rivernorth Capital Management
Florida
-$2.22M
3
GLA
Great Lakes Advisors
Illinois
-$1.03M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$826K
5
OA
Oxbow Advisors
Texas
-$519K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
51
LPL Financial
California
$1.01M +$66.7K +5,072 +7%
BF
52
BOK Financial
Oklahoma
$996K – – –
PAG
53
Private Advisor Group
New Jersey
$951K +$245K +18,610 +33%
BFEC
54
Benjamin F. Edwards & Company
Missouri
$894K -$72K -5,470 -7%
Jane Street
55
Jane Street
New York
$827K +$850K +64,638 New
GEM
56
Global Endowment Management
North Carolina
$767K – – –
Bank of New York Mellon
57
Bank of New York Mellon
New York
$711K -$148K -11,226 -17%
First Trust Advisors
58
First Trust Advisors
Illinois
$710K -$28.1K -2,139 -4%
HCM
59
Hollencrest Capital Management
California
$684K +$7.71K +586 +1%
TC
60
Truvestments Capital
Florida
$667K -$68K -5,167 -9%
Koshinski Asset Management
61
Koshinski Asset Management
Illinois
$666K +$225K +17,129 +49%
Creative Planning
62
Creative Planning
Kansas
$590K -$111K -8,439 -15%
CCWA
63
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$590K +$215K +16,337 +55%
CRC
64
Curi RMB Capital
Illinois
$563K +$381K +29,000 +193%
SWP
65
Stratos Wealth Partners
Ohio
$526K +$53.7K +4,084 +11%
MIG
66
Mariner Investment Group
New York
$502K – – –
RCAG
67
Rehmann Capital Advisory Group
Michigan
$479K – – –
WFI
68
West Family Investments
California
$478K – – –
NL
69
NWAM LLC
Washington
$470K – – –
PAS
70
Park Avenue Securities
New York
$459K +$22.2K +1,690 +5%
MML Investors Services
71
MML Investors Services
Massachusetts
$459K +$108K +8,208 +30%
Baird Financial Group
72
Baird Financial Group
Wisconsin
$453K +$467K +35,473 New
MPI
73
Mairs & Power Inc
Minnesota
$429K -$59.4K -4,516 -12%
BTS
74
BB&T Securities
Virginia
$429K – – –
CAN
75
Cetera Advisor Networks
California
$405K +$71.2K +5,412 +21%
1 2
3
4 5

NAD Hedge Fund Activity: Q3 2018 in Review

175 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q3 2018, worth a combined $609M — up 12% from $542M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new NAD positions and 18 closed out — a net gain of 3 holders — while 49 added to existing stakes and 34 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $9.13M. The largest seller was Morgan Stanley, cutting an estimated $2.46M.

  • 175 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q3 2018, up from 172 in Q2 2018.
  • Funds reported $609M of Nuveen Quality Municipal Income Fund stock for Q3 2018, up 12% quarter-over-quarter.
  • 21 funds opened new Nuveen Quality Municipal Income Fund positions in Q3 2018 and 18 closed out, a net change of +3 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q3 2018 was Karpus Investment Management, an estimated $9.13M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q3 2018 was Morgan Stanley, an estimated $2.46M sold.

Based on aggregated 13F filings for Q3 2018.