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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
V
126
Veritable
Delaware
$152K – – –
TSS
127
Two Sigma Securities
New York
$152K +$157K +11,916 New
CBTWT
128
Community Bank & Trust (Waco, Texas)
Texas
$150K – – –
DADC
129
D.A. Davidson & Co
Montana
$149K -$33K -2,506 -18%
Millennium Management
130
Millennium Management
New York
$147K +$151K +11,500 New
NSIM
131
North Star Investment Management
Illinois
$141K – – –
Citigroup
132
Citigroup
New York
$140K -$28.8K -2,188 -17%
SIM
133
Sonora Investment Management
Arizona
$139K – – –
DWM
134
Doyle Wealth Management
Florida
$136K – – –
EFS
135
Essex Financial Services
Connecticut
$136K – – –
EAM
136
Evanson Asset Management
California
$132K – – –
SWM
137
SeaCrest Wealth Management
New York
$123K +$54.1K +4,112 +75%
PK
138
Pflug Koory
Nebraska
$121K – – –
VC
139
Vestor Capital
Illinois
$119K – – –
CAL
140
Capital Advisors Ltd
Ohio
$115K – – –
SSB
141
Sandy Spring Bank
Maryland
$104K -$5.37K -408 -5%
TJHA
142
Thomas J. Herzfeld Advisors
Florida
$101K – – –
MCM
143
Mainstay Capital Management
Michigan
$84K – – –
TNBTD
144
Trustmark National Bank Trust Department
Mississippi
$69K +$70.9K +5,390 New
SNT
145
Security National Trust
West Virginia
$68K – – –
WB
146
Webster Bank
Connecticut
$58K – – –
CFG
147
CKW Financial Group
Hawaii
$51K – – –
HCM
148
Highlander Capital Management
New Jersey
$39K – – –
CAL
149
Capital Analysts LLC
Pennsylvania
$33K – – –
ASN
150
Advisory Services Network
Georgia
$32K +$22.3K +1,695 +212%
4 5
6
7 8

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.