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Nuveen Quality Municipal Income Fund
NAD

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
175
Holders Change
+3
Holders Change %
+1.74%
% of All Funds
4%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.14%
New
21
Increased
49
Reduced
34
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$9.13M
2
BI
Bramshill Investments
Florida
+$5.84M
3
Wells Fargo
Wells Fargo
California
+$5.27M
4
DWM
Dakota Wealth Management
Florida
+$4.63M
5
COLIM
City of London Investment Management
United Kingdom
+$2.46M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$2.46M
2
RCM
Rivernorth Capital Management
Florida
-$2.22M
3
GLA
Great Lakes Advisors
Illinois
-$1.03M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$826K
5
OA
Oxbow Advisors
Texas
-$519K
Name Holding Trade Value Shares
Change 		Change in
Stake
CHC
176
City Holding Co
West Virginia
$6K – – –
CFN
177
Cordasco Financial Network
Florida
$4K – – –
FIA
178
FNY Investment Advisers
New York
$2K – – –
DSC
179
Duncker Streett & Co
Missouri
$1K – – –
GLA
180
Great Lakes Advisors
Illinois
– -$1.03M -77,741 Closed
Bank of Montreal
181
Bank of Montreal
Ontario, Canada
– -$826K -62,062 Closed
ICM
182
Ionic Capital Management
New York
– -$373K -28,073 Closed
DA
183
Doliver Advisors
Texas
– -$227K -17,048 Closed
GBA
184
Garrison Bradford & Associates
New York
– -$203K -15,289 Closed
BB
185
Busey Bank
Illinois
– -$161K -12,086 Closed
MC
186
Matisse Capital
Oregon
– -$140K -10,525 Closed
Manulife (Manufacturers Life Insurance)
187
Manulife (Manufacturers Life Insurance)
Ontario, Canada
– -$105K -7,913 Closed
AA
188
Apriem Advisors
California
– -$76K -5,689 Closed
PFA
189
Pathway Financial Advisors
Vermont
– -$68K -5,144 Closed
SEI Investments
190
SEI Investments
Pennsylvania
– -$55K -4,141 Closed
EFSCE
191
Enterprise Financial Services Corp (EFSC)
Missouri
– -$54K -4,075 Closed
PO
192
Private Ocean
California
– -$34K -2,572 Closed
STA
193
Summit Trail Advisors
New York
– -$32K -2,364 Closed
WAS
194
Winch Advisory Services
Wisconsin
– -$19K -1,436 Closed
WT
195
Washington Trust
Rhode Island
– -$18K -1,333 Closed
BCA
196
Bay Colony Advisors
Massachusetts
– -$7K -500 Closed
OIA
197
OneDigital Investment Advisors
Kansas
– -$2K -125 Closed
4 5 6 7
8

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.