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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

Rank Fund Capital Flow
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

Rank Fund Capital Flow
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
AT
101
Arden Trust
Delaware
$219K – – –
ACS
102
Archford Capital Strategies
Illinois
$212K -$25.7K -1,952 -11%
KeyBank National Association
103
KeyBank National Association
Ohio
$207K -$26.3K -2,001 -11%
GWM
104
Geneos Wealth Management
Colorado
$205K -$8.88K -675 -4%
NEPWA
105
New England Private Wealth Advisors
Massachusetts
$205K – – –
IIA
106
IPG Investment Advisors
California
$204K – – –
AWA
107
AmeriServ Wealth Advisors
Pennsylvania
$198K – – –
Envestnet Asset Management
108
Envestnet Asset Management
Illinois
$198K +$204K +15,477 New
Janney Montgomery Scott
109
Janney Montgomery Scott
Pennsylvania
$197K -$35.8K -2,721 -15%
BIM
110
Bridgecreek Investment Management
Oklahoma
$192K -$49K -3,726 -20%
SPIA
111
Steward Partners Investment Advisory
New York
$186K -$115K -8,718 -37%
DAM
112
Delta Asset Management
Tennessee
$181K – – –
DI
113
Diligent Investors
California
$181K +$553 +42 +0.3%
TNB
114
Thomasville National Bank
Georgia
$175K – – –
DWT
115
Dorsey & Whitney Trust
South Dakota
$173K – – –
BHWM
116
Bar Harbor Wealth Management
New Hampshire
$167K – – –
NFC
117
Northeast Financial Consultants
Connecticut
$167K – – –
CCG
118
Ceeto Capital Group
Florida
$167K +$171K +13,032 New
MOS
119
MGO One Seven
Ohio
$166K +$171K +12,982 New
CWS
120
Cypress Wealth Services
California
$162K – – –
PWPS
121
Pinnacle Wealth Planning Services
Ohio
$160K +$145 +11 +0.1%
CFA
122
Capstone Financial Advisors
Illinois
$159K – – –
Lido Advisors
123
Lido Advisors
California
$159K – – –
RJT
124
Raymond James Trust
Florida
$156K – – –
TRCT
125
Tower Research Capital (TRC)
New York
$153K +$157K +11,969 New
3 4
5
6 7

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.