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Nuveen Quality Municipal Income Fund
NAD

261 hedge funds and large institutions have $583M invested in Nuveen Quality Municipal Income Fund in 2022 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 78 increasing their positions, 65 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 65

15% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 26

1% more funds holding

Funds holding: 259 → 261 (+2)

0.36% less ownership

Funds ownership: 23.06% → 22.71% (-0.36%)

13% less capital invested

Capital invested by funds: $671M → $583M (-$88.6M)

29% less funds holding in top 10

Funds holding in top 10: 7 → 5 (-2)

Holders
261
Holders Change
+2
Holders Change %
+0.77%
% of All Funds
4.5%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.09%
New
30
Increased
78
Reduced
65
Closed
26
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MGAM
McGowan Group Asset Management
Texas
+$5.46M
2
Deutsche Bank
Deutsche Bank
Germany
+$4.99M
3
SIA
Sit Investment Associates
Minnesota
+$4.78M
4
Bank of America
Bank of America
North Carolina
+$3.93M
5
XF
XML Financial
Maryland
+$3.55M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$28.1M
2
BI
Bramshill Investments
Florida
-$8.26M
3
UBS Group
UBS Group
Switzerland
-$4.88M
4
Morgan Stanley
Morgan Stanley
New York
-$2.96M
5
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
-$2.73M
Name Holding Trade Value Shares
Change 		Change in
Stake
TIAM2
151
Tru Independence Asset Management 2
Oregon
$176K – – –
LNC
152
Lincoln National Corp
Pennsylvania
$174K +$9.11K +730 +5%
AWA
153
AmeriServ Wealth Advisors
Pennsylvania
$171K – – –
SAM
154
Seelaus Asset Management
New Jersey
$171K – – –
TIM
155
Tortoise Investment Management
New York
$170K -$32.6K -2,615 -14%
AAS
156
Avantax Advisory Services
Texas
$166K +$7.41K +594 +4%
BIM
157
Bridgecreek Investment Management
Oklahoma
$165K – – –
CRC
158
Curi RMB Capital
Illinois
$165K – – –
Financial Engines Advisors
159
Financial Engines Advisors
California
$165K – – –
AIFAIM
160
American Institute for Advanced Investment Management
Arizona
$160K – – –
SBIA
161
Sheaff Brock Investment Advisors
Indiana
$160K – – –
IWM
162
IHT Wealth Management
Illinois
$160K +$181K +14,542 New
MWM
163
Meridian Wealth Management
Kentucky
$159K – – –
TF
164
TIAA FSB
Florida
$159K +$3.09K +248 +2%
WANY
165
Wealthspire Advisors (New York)
New York
$158K +$179K +14,327 New
IWA
166
Icon Wealth Advisors
Texas
$158K +$179K +14,339 New
VAG
167
VisionPoint Advisory Group
Texas
$154K +$13.8K +1,105 +9%
Carson Wealth (CWM LLC)
168
Carson Wealth (CWM LLC)
Nebraska
$154K +$40.9K +3,280 +31%
CBTWT
169
Community Bank & Trust (Waco, Texas)
Texas
$153K -$3.12K -250 -2%
MCM
170
Maryland Capital Management
Maryland
$152K -$12.5K -1,000 -7%
DWT
171
Dorsey & Whitney Trust
South Dakota
$149K – – –
WMS
172
Wealth Management Solutions
Pennsylvania
$149K – – –
WB
173
WesBanco Bank
West Virginia
$149K – – –
XT
174
XTX Topco
Cayman Islands
$149K +$169K +13,583 New
VCM
175
Vivaldi Capital Management
Illinois
$146K – – –
5 6
7
8 9

NAD Hedge Fund Activity: Q3 2022 in Review

261 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q3 2022, worth a combined $583M — down 13% from $671M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new NAD positions and 26 closed out — a net gain of 4 holders — while 78 added to existing stakes and 65 trimmed.

The largest buyer was McGowan Group Asset Management, adding an estimated $5.46M. The largest seller was Rivernorth Capital Management, cutting an estimated $28.1M.

  • 261 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q3 2022, up from 259 in Q2 2022.
  • Funds reported $583M of Nuveen Quality Municipal Income Fund stock for Q3 2022, down 13% quarter-over-quarter.
  • 30 funds opened new Nuveen Quality Municipal Income Fund positions in Q3 2022 and 26 closed out, a net change of +4 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q3 2022 was McGowan Group Asset Management, an estimated $5.46M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q3 2022 was Rivernorth Capital Management, an estimated $28.1M sold.

Based on aggregated 13F filings for Q3 2022.