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Nuveen Quality Municipal Income Fund
NAD

179 hedge funds and large institutions have $602M invested in Nuveen Quality Municipal Income Fund in 2018 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 45 increasing their positions, 52 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 25

2.35% more ownership

Funds ownership: 21.5% → 23.86% (+2.4%)

2% more funds holding

Funds holding: 175 → 179 (+4)

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

1% less capital invested

Capital invested by funds: $609M → $602M (-$6.74M)

13% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 52

Holders
179
Holders Change
+4
Holders Change %
+2.29%
% of All Funds
3.99%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.13%
New
31
Increased
45
Reduced
52
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$31.7M
2
UBS Group
UBS Group
Switzerland
+$16.5M
3
BI
Bramshill Investments
Florida
+$8.84M
4
SIA
Sit Investment Associates
Minnesota
+$6.86M
5
Wells Fargo
Wells Fargo
California
+$6.31M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$15.4M
2
GC
Guggenheim Capital
Illinois
-$4.67M
3
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$3.9M
4
Bank of America
Bank of America
North Carolina
-$2.95M
5
NMC
Nine Masts Capital
Hong Kong
-$2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
101
Envestnet Asset Management
Illinois
$245K +$50.7K +4,052 +26%
SCM
102
Stordahl Capital Management
Colorado
$239K – – –
Janney Montgomery Scott
103
Janney Montgomery Scott
Pennsylvania
$237K +$44.5K +3,557 +23%
LNWWM
104
Laird Norton Wetherby Wealth Management
California
$224K +$6.08K +486 +3%
AT
105
Arden Trust
Delaware
$215K – – –
DC
106
Davenport & Co
Virginia
$208K -$22.3K -1,781 -10%
ACS
107
Archford Capital Strategies
Illinois
$208K – – –
NEPWA
108
New England Private Wealth Advisors
Massachusetts
$201K – – –
IIA
109
IPG Investment Advisors
California
$200K – – –
KeyBank National Association
110
KeyBank National Association
Ohio
$199K -$4.84K -387 -2%
AWA
111
AmeriServ Wealth Advisors
Pennsylvania
$194K – – –
DI
112
Diligent Investors
California
$191K +$13.1K +1,046 +7%
GWM
113
Geneos Wealth Management
Colorado
$190K -$10.2K -817 -5%
FM
114
Family Management
New York
$189K +$189K +15,074 New
BIM
115
Bridgecreek Investment Management
Oklahoma
$188K – – –
WMA
116
Wealth Management Associates
New Jersey
$182K +$182K +14,523 New
DAM
117
Delta Asset Management
Tennessee
$178K – – –
TNB
118
Thomasville National Bank
Georgia
$172K – – –
DWT
119
Dorsey & Whitney Trust
South Dakota
$169K – – –
BHWM
120
Bar Harbor Wealth Management
New Hampshire
$163K – – –
ECM
121
Evergreen Capital Management
Washington
$160K – – –
NFC
122
Northeast Financial Consultants
Connecticut
$159K -$4.89K -391 -3%
CWS
123
Cypress Wealth Services
California
$159K – – –
VF
124
Virtu Financial
New York
$151K +$150K +12,019 New
SCA
125
STALEY CAPITAL ADVISERS
Pennsylvania
$150K -$163K -13,000 -52%
3 4
5
6 7

NAD Hedge Fund Activity: Q4 2018 in Review

179 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q4 2018, worth a combined $602M — down 1.1% from $609M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new NAD positions and 25 closed out — a net gain of 6 holders — while 45 added to existing stakes and 52 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $31.7M. The largest seller was Karpus Investment Management, cutting an estimated $15.4M.

  • 179 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q4 2018, up from 175 in Q3 2018.
  • Funds reported $602M of Nuveen Quality Municipal Income Fund stock for Q4 2018, down 1.1% quarter-over-quarter.
  • 31 funds opened new Nuveen Quality Municipal Income Fund positions in Q4 2018 and 25 closed out, a net change of +6 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $31.7M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q4 2018 was Karpus Investment Management, an estimated $15.4M sold.

Based on aggregated 13F filings for Q4 2018.