Nuveen Quality Municipal Income Fund
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$9.13M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$5.84M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$5.27M |
| 4 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
+$4.63M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$2.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.46M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.22M |
| 3 |
GLA
Great Lakes Advisors
Chicago,
Illinois
|
-$1.03M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$826K |
| 5 |
OA
Oxbow Advisors
Austin,
Texas
|
-$519K |
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.