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Nuveen Quality Municipal Income Fund
NAD

157 hedge funds and large institutions have $349M invested in Nuveen Quality Municipal Income Fund in 2016 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 41 increasing their positions, 48 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 20

6% more funds holding

Funds holding: 148 → 157 (+9)

0.22% more ownership

Funds ownership: 12.18% → 12.39% (+0.22%)

6% less capital invested

Capital invested by funds: $370M → $349M (-$21M)

15% less repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 48

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
157
Holders Change
+9
Holders Change %
+6.08%
% of All Funds
3.92%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.03%
New
30
Increased
41
Reduced
48
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$26.7M
2
Wells Fargo
Wells Fargo
California
+$14.9M
3
UBS Group
UBS Group
Switzerland
+$8.15M
4
Bank of America
Bank of America
North Carolina
+$3.58M
5
HighTower Advisors
HighTower Advisors
Illinois
+$2.11M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$18.4M
2
LCM
Laurion Capital Management
New York
-$7.89M
3
Morgan Stanley
Morgan Stanley
New York
-$7.42M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$7.3M
5
NVIM
New Vernon Investment Management
Illinois
-$5.33M
Name Holding Trade Value Shares
Change 		Change in
Stake
EFS
76
Essex Financial Services
Connecticut
$312K – – –
SCA
77
STALEY CAPITAL ADVISERS
Pennsylvania
$307K +$306K +22,000 New
FAAS
78
First Allied Advisory Services
California
$298K -$696 -50 -0.2%
FI
79
FormulaFolio Investments
Michigan
$295K +$12.2K +874 +4%
AIM
80
Anchor Investment Management
South Carolina
$280K – – –
M&T Bank
81
M&T Bank
New York
$270K +$270K +19,380 New
ACS
82
Archford Capital Strategies
Illinois
$259K – – –
KeyBank National Association
83
KeyBank National Association
Ohio
$238K +$16.6K +1,191 +8%
DWT
84
Dorsey & Whitney Trust
South Dakota
$237K +$84.2K +6,046 +55%
BFG
85
Barber Financial Group
Kansas
$237K +$236K +16,979 New
GWM
86
Geneos Wealth Management
Colorado
$231K +$599 +43 +0.3%
RJT
87
Raymond James Trust
Florida
$222K – – –
CL
88
Choreo LLC
Illinois
$221K +$125 +9 +0.1%
SCA
89
Snowden Capital Advisors
New York
$216K +$216K +15,494 New
GBA
90
Garrison Bradford & Associates
New York
$213K – – –
DAM
91
Delta Asset Management
Tennessee
$200K – – –
Cetera Investment Advisers
92
Cetera Investment Advisers
Illinois
$192K +$191K +13,682 New
IWMPD
93
Integrated Wealth Management (Palm Desert)
California
$191K – – –
Goldman Sachs
94
Goldman Sachs
New York
$191K +$190K +13,649 New
IWM
95
IHT Wealth Management
Illinois
$187K +$185K +13,314 New
SPC
96
Sigma Planning Corp
Michigan
$186K +$1.04K +75 +0.6%
CBTWT
97
Community Bank & Trust (Waco, Texas)
Texas
$182K -$29.1K -2,087 -14%
AIP
98
Ahrens Investment Partners
Louisiana
$182K +$182K +13,045 New
AIA
99
Allegis Investment Advisors
Idaho
$181K +$180K +12,960 New
PCP
100
Proficio Capital Partners
Massachusetts
$180K – – –
2 3
4
5 6

NAD Hedge Fund Activity: Q4 2016 in Review

157 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q4 2016, worth a combined $349M — down 5.7% from $370M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new NAD positions and 20 closed out — a net gain of 10 holders — while 41 added to existing stakes and 48 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $26.7M. The largest seller was Karpus Investment Management, cutting an estimated $18.4M.

  • 157 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q4 2016, up from 148 in Q3 2016.
  • Funds reported $349M of Nuveen Quality Municipal Income Fund stock for Q4 2016, down 5.7% quarter-over-quarter.
  • 30 funds opened new Nuveen Quality Municipal Income Fund positions in Q4 2016 and 20 closed out, a net change of +10 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q4 2016 was Rivernorth Capital Management, an estimated $26.7M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q4 2016 was Karpus Investment Management, an estimated $18.4M sold.

Based on aggregated 13F filings for Q4 2016.