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Nuveen Quality Municipal Income Fund
NAD

179 hedge funds and large institutions have $430M invested in Nuveen Quality Municipal Income Fund in 2017 Q4 according to their latest regulatory filings, with 36 funds opening new positions, 50 increasing their positions, 45 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more funds holding in top 10

Funds holding in top 10: 2 → 5 (+3)

100% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 18

23% more capital invested

Capital invested by funds: $351M → $430M (+$79.3M)

11% more funds holding

Funds holding: 161 → 179 (+18)

11% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 45

2.89% more ownership

Funds ownership: 12.27% → 15.15% (+2.9%)

Holders
179
Holders Change
+18
Holders Change %
+11.18%
% of All Funds
4.06%
Holding in Top 10
5
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+150%
% of All Funds
0.11%
New
36
Increased
50
Reduced
45
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$52.7M
2
Morgan Stanley
Morgan Stanley
New York
+$6.78M
3
PPA
Parametric Portfolio Associates
Washington
+$6.08M
4
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$3.81M
5
Wells Fargo
Wells Fargo
California
+$3.77M

Top Sellers

1
GC
Guggenheim Capital
Illinois
-$4.59M
2
NPC
National Planning Corporation
California
-$2.32M
3
UBS Group
UBS Group
Switzerland
-$1.83M
4
Invesco
Invesco
Georgia
-$1.25M
5
ICOA
Investment Centers of America
North Dakota
-$463K
Name Holding Trade Value Shares
Change 		Change in
Stake
SCA
101
Snowden Capital Advisors
New York
$218K – – –
GBA
102
Garrison Bradford & Associates
New York
$215K – – –
SPC
103
Sigma Planning Corp
Michigan
$215K +$37.1K +2,647 +21%
AWA
104
AmeriServ Wealth Advisors
Pennsylvania
$215K +$217K +15,504 New
CRC
105
Curi RMB Capital
Illinois
$211K +$40.3K +2,875 +24%
CFB
106
Cullen/Frost Bankers
Texas
$208K – – –
SPIA
107
Steward Partners Investment Advisory
New York
$203K +$170K +12,147 +516%
DADC
108
D.A. Davidson & Co
Montana
$202K -$32.9K -2,347 -14%
DAM
109
Delta Asset Management
Tennessee
$199K – – –
BI
110
Bramshill Investments
Florida
$194K -$115K -8,200 -37%
RJT
111
Raymond James Trust
Florida
$193K -$37.5K -2,675 -16%
TNB
112
Thomasville National Bank
Georgia
$192K – – –
CWS
113
Cypress Wealth Services
California
$192K +$192K +13,657 New
DWT
114
Dorsey & Whitney Trust
South Dakota
$190K – – –
LNWWM
115
Laird Norton Wetherby Wealth Management
California
$190K +$13.2K +941 +8%
MOS
116
MGO One Seven
Ohio
$185K +$185K +13,186 New
Goldman Sachs
117
Goldman Sachs
New York
$184K +$184K +13,104 New
NFC
118
Northeast Financial Consultants
Connecticut
$183K -$144K -10,289 -44%
BHWM
119
Bar Harbor Wealth Management
New Hampshire
$183K +$183K +13,025 New
Susquehanna International Group
120
Susquehanna International Group
Pennsylvania
$181K +$180K +12,840 New
Lido Advisors
121
Lido Advisors
California
$174K – – –
Millennium Management
122
Millennium Management
New York
$173K -$30.5K -2,175 -15%
CBTWT
123
Community Bank & Trust (Waco, Texas)
Texas
$173K – – –
MPI
124
Mairs & Power Inc
Minnesota
$173K +$30.2K +2,150 +21%
FI
125
FormulaFolio Investments
Michigan
$159K -$17.7K -1,264 -10%
3 4
5
6 7

NAD Hedge Fund Activity: Q4 2017 in Review

179 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q4 2017, worth a combined $430M — up 23% from $351M a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new NAD positions and 18 closed out — a net gain of 18 holders — while 50 added to existing stakes and 45 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $52.7M. The largest seller was Guggenheim Capital, cutting an estimated $4.59M.

  • 179 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q4 2017, up from 161 in Q3 2017.
  • Funds reported $430M of Nuveen Quality Municipal Income Fund stock for Q4 2017, up 23% quarter-over-quarter.
  • 36 funds opened new Nuveen Quality Municipal Income Fund positions in Q4 2017 and 18 closed out, a net change of +18 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q4 2017 was Karpus Investment Management, an estimated $52.7M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q4 2017 was Guggenheim Capital, an estimated $4.59M sold.

Based on aggregated 13F filings for Q4 2017.