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Nuveen Quality Municipal Income Fund
NAD

179 hedge funds and large institutions have $430M invested in Nuveen Quality Municipal Income Fund in 2017 Q4 according to their latest regulatory filings, with 36 funds opening new positions, 50 increasing their positions, 45 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more funds holding in top 10

Funds holding in top 10: 2 → 5 (+3)

100% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 18

23% more capital invested

Capital invested by funds: $351M → $430M (+$79.3M)

11% more funds holding

Funds holding: 161 → 179 (+18)

11% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 45

2.89% more ownership

Funds ownership: 12.27% → 15.15% (+2.9%)

Holders
179
Holders Change
+18
Holders Change %
+11.18%
% of All Funds
4.06%
Holding in Top 10
5
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+150%
% of All Funds
0.11%
New
36
Increased
50
Reduced
45
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$52.7M
2
Morgan Stanley
Morgan Stanley
New York
+$6.78M
3
PPA
Parametric Portfolio Associates
Washington
+$6.08M
4
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$3.81M
5
Wells Fargo
Wells Fargo
California
+$3.77M

Top Sellers

1
GC
Guggenheim Capital
Illinois
-$4.59M
2
NPC
National Planning Corporation
California
-$2.32M
3
UBS Group
UBS Group
Switzerland
-$1.83M
4
Invesco
Invesco
Georgia
-$1.25M
5
ICOA
Investment Centers of America
North Dakota
-$463K
Name Holding Trade Value Shares
Change 		Change in
Stake
CHC
176
City Holding Co
West Virginia
$7K -$164K -11,688 -96%
CFN
177
Cordasco Financial Network
Florida
$4K – – –
TC
178
Trust Company
Kansas
$4K +$4.29K +306 New
OIA
179
OneDigital Investment Advisors
Kansas
$2K – – –
DSC
180
Duncker Streett & Co
Missouri
$1K – – –
HWP
181
Hefty Wealth Partners
Indiana
$1K +$715 +51 +100%
NPC
182
National Planning Corporation
California
– -$2.32M -163,616 Closed
ICOA
183
Investment Centers of America
North Dakota
– -$463K -32,536 Closed
FCH
184
Freestone Capital Holdings
Washington
– -$314K -22,140 Closed
AWM
185
AE Wealth Management
Kansas
– -$269K -18,936 Closed
AIA
186
Allegis Investment Advisors
Idaho
– -$249K -17,528 Closed
Baird Financial Group
187
Baird Financial Group
Wisconsin
– -$200K -14,068 Closed
NIM
188
Northeast Investment Management
Massachusetts
– -$181K -12,758 Closed
SG Americas Securities
189
SG Americas Securities
New York
– -$179K -12,605 Closed
CDIA
190
Capital Directions Investment Advisors
Georgia
– -$81K -5,729 Closed
RFA
191
Reilly Financial Advisors
California
– -$38K -2,660 Closed
HFM
192
Hartford Financial Management
Connecticut
– -$29K -2,075 Closed
MIM
193
Macroview Investment Management
Maryland
– -$29K -2,057 Closed
MFW
194
Mosaic Family Wealth
Missouri
– -$29K -2,040 Closed
MCIA
195
Mountain Capital Investment Advisors
Colorado
– -$18K -1,263 Closed
ACM
196
Armbruster Capital Management
New York
– -$8K -540 Closed
NFG
197
Next Financial Group
Texas
– -$3K -200 Closed
BWA
198
BDO Wealth Advisors
Florida
– -$1K -72 Closed
4 5 6 7
8

NAD Hedge Fund Activity: Q4 2017 in Review

179 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q4 2017, worth a combined $430M — up 23% from $351M a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new NAD positions and 18 closed out — a net gain of 18 holders — while 50 added to existing stakes and 45 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $52.7M. The largest seller was Guggenheim Capital, cutting an estimated $4.59M.

  • 179 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q4 2017, up from 161 in Q3 2017.
  • Funds reported $430M of Nuveen Quality Municipal Income Fund stock for Q4 2017, up 23% quarter-over-quarter.
  • 36 funds opened new Nuveen Quality Municipal Income Fund positions in Q4 2017 and 18 closed out, a net change of +18 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q4 2017 was Karpus Investment Management, an estimated $52.7M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q4 2017 was Guggenheim Capital, an estimated $4.59M sold.

Based on aggregated 13F filings for Q4 2017.