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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
CA
126
Cetera Advisors
Colorado
$150K -$67.9K -5,430 -31%
Lido Advisors
127
Lido Advisors
California
$150K -$4.58K -366 -3%
CBTWT
128
Community Bank & Trust (Waco, Texas)
Texas
$148K – – –
DADC
129
D.A. Davidson & Co
Montana
$146K – – –
RJT
130
Raymond James Trust
Florida
$145K -$8.78K -702 -6%
IA
131
IFP Advisors
Florida
$142K -$244K -19,502 -63%
NSIM
132
North Star Investment Management
Illinois
$138K – – –
G
133
Gainplan
Michigan
$138K +$138K +11,014 New
SIM
134
Sonora Investment Management
Arizona
$136K – – –
DWM
135
Doyle Wealth Management
Florida
$133K – – –
EAM
136
Evanson Asset Management
California
$129K – – –
WI
137
Wintrust Investments
Illinois
$128K +$127K +10,191 New
Citigroup
138
Citigroup
New York
$125K -$12.5K -1,000 -9%
BFM
139
Boothbay Fund Management
New York
$125K +$125K +10,000 New
SWM
140
SeaCrest Wealth Management
New York
$121K +$638 +51 +0.5%
PK
141
Pflug Koory
Nebraska
$119K – – –
VC
142
Vestor Capital
Illinois
$117K – – –
MOS
143
MGO One Seven
Ohio
$111K -$51K -4,075 -31%
SSB
144
Sandy Spring Bank
Maryland
$102K – – –
CC
145
Claybrook Capital
Massachusetts
$101K +$100K +8,028 New
WDL
146
Well Done LLC
Michigan
$101K +$100K +8,028 New
TNBTD
147
Trustmark National Bank Trust Department
Mississippi
$68K – – –
RCAG
148
Rehmann Capital Advisory Group
Michigan
$67.3K -$402K -32,115 -86%
NCM
149
Next Capital Management
New York
$64K +$64.2K +5,135 New
WB
150
Webster Bank
Connecticut
$57K – – –
4 5
6
7 8

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.