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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

Rank Fund Capital Flow
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

Rank Fund Capital Flow
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
OC
126
Oppenheimer & Co
New York
$155K -$10.7K -761 -6%
NSIM
127
North Star Investment Management
Illinois
$155K +$54.4K +3,876 +54%
SIM
128
Sonora Investment Management
Arizona
$153K – – –
DWM
129
Doyle Wealth Management
Florida
$150K – – –
EFS
130
Essex Financial Services
Connecticut
$149K – – –
MC
131
Matisse Capital
Oregon
$148K – – –
BAM
132
Belpointe Asset Management
Nevada
$147K +$147K +10,463 New
EAM
133
Evanson Asset Management
California
$145K – – –
VC
134
Vestor Capital
Illinois
$131K – – –
CAL
135
Capital Advisors Ltd
Ohio
$126K +$126K +8,986 New
SNT
136
Security National Trust
West Virginia
$123K – – –
TFS
137
TrustCore Financial Services
Tennessee
$121K +$120K +8,585 New
SSB
138
Sandy Spring Bank
Maryland
$115K -$10.5K -750 -8%
TJHA
139
Thomas J. Herzfeld Advisors
Florida
$111K – – –
Manulife (Manufacturers Life Insurance)
140
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$111K +$575 +41 +0.5%
SWM
141
SeaCrest Wealth Management
New York
$110K +$110K +7,845 New
MCM
142
Mainstay Capital Management
Michigan
$93K +$92.6K +6,600 New
TA
143
Townsend & Associates
Colorado
$87K +$87.2K +6,218 New
PFA
144
Pathway Financial Advisors
Vermont
$72K +$72.2K +5,144 New
WB
145
Webster Bank
Connecticut
$64K – – –
EFSCE
146
Enterprise Financial Services Corp (EFSC)
Missouri
$57K – – –
KJWM
147
Kiley Juergens Wealth Management
Washington
$56K +$56.3K +4,010 New
CB
148
Community Bank
New York
$49K +$48.9K +3,487 New
HCM
149
Highlander Capital Management
New Jersey
$43K – – –
Bank of Montreal
150
Bank of Montreal
Ontario, Canada
$42K – – –
4 5
6
7 8

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.