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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
HS
151
Horan Securities
United States
$52K +$49.9K +3,989 New
CFG
152
CKW Financial Group
Hawaii
$50K – – –
HCM
153
Highlander Capital Management
New Jersey
$38K – – –
AWM
154
Arbor Wealth Management
Florida
$38K +$37.5K +3,000 New
MIM
155
Macroview Investment Management
Maryland
$34K +$33.9K +2,714 New
KTC
156
Kistler-Tiffany Companies
Pennsylvania
$30K – – –
HFM
157
Hartford Financial Management
Connecticut
$26K – – –
SFG
158
SevenBridge Financial Group
Pennsylvania
$26K – – –
WCM
159
WealthBridge Capital Management
Ohio
$25K +$25K +2,000 New
BBA
160
Braun-Bostich & Associates
Pennsylvania
$21K – – –
ASN
161
Advisory Services Network
Georgia
$20K -$11.5K -923 -37%
CAL
162
Capital Analysts LLC
Pennsylvania
$16K -$16K -1,279 -50%
WAM
163
Wealthspire Advisors (Maryland)
Maryland
$14K +$238 +19 +2%
CTC
164
Central Trust Company
Missouri
$13K – – –
FCMT
165
Founders Capital Management (Texas)
Texas
$13K – – –
GRP
166
Global Retirement Partners
California
$12K – – –
BRC
167
Bell Rock Capital
Delaware
$11K – – –
APSP
168
Asset Planning Services (Pennsylvania)
Pennsylvania
$10K +$88 +7 +0.9%
RFC
169
Regions Financial Corp
Alabama
$9K -$385K -30,815 -98%
TFS
170
TrustCore Financial Services
Tennessee
$9K – – –
CIAS
171
Capital Investment Advisory Services
North Carolina
$9K +$9.38K +750 New
BC
172
Bartlett & Co
Ohio
$8K – – –
Northern Trust
173
Northern Trust
Illinois
$8K +$115K +9,183 +18%
BCWM
174
Bartlett & Co Wealth Management
Ohio
$7.52K – – –
AIC
175
Ameritas Investment Company
Nebraska
$7K +$6.99K +559 New
5 6
7
8 9

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.