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Nuveen Quality Municipal Income Fund
NAD

212 hedge funds and large institutions have $855M invested in Nuveen Quality Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 70 increasing their positions, 44 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

59% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 44

5% more capital invested

Capital invested by funds: $813M → $855M (+$42.1M)

0.85% more ownership

Funds ownership: 27.92% → 28.78% (+0.85%)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

7% less funds holding

Funds holding: 229 → 212 (-17)

45% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 31

Holders
212
Holders Change
-17
Holders Change %
-7.42%
% of All Funds
4.35%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.1%
New
17
Increased
70
Reduced
44
Closed
31
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$31.6M
2
RCM
Rivernorth Capital Management
Florida
+$15.3M
3
BI
Bramshill Investments
Florida
+$15.1M
4
GC
Guggenheim Capital
Illinois
+$12.7M
5
SIA
Sit Investment Associates
Minnesota
+$6.9M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$19.4M
2
Morgan Stanley
Morgan Stanley
New York
-$10.2M
3
OA
Oxbow Advisors
Texas
-$9.47M
4
Wells Fargo
Wells Fargo
California
-$6.42M
5
1CP
1607 Capital Partners
Virginia
-$5.69M
Name Holding Trade Value Shares
Change 		Change in
Stake
SSB
176
Sandy Spring Bank
Maryland
$70K – – –
TCM
177
Tradewinds Capital Management
Washington
$70K – – –
WB
178
Webster Bank
Connecticut
$63K – – –
MLFP
179
MPS Loria Financial Planners
Illinois
$62K +$60.4K +4,430 New
PA
180
Parallel Advisors
California
$60K – – –
CFGS
181
Concourse Financial Group Securities
Alabama
$57K +$7.76K +569 +16%
HCM
182
Highlander Capital Management
New Jersey
$43K – – –
HPC
183
HM Payson & Co
Maine
$36K – – –
JCM
184
Jacobi Capital Management
Pennsylvania
$35K – – –
KTC
185
Kistler-Tiffany Companies
Pennsylvania
$33K – – –
HFM
186
Hartford Financial Management
Connecticut
$29K – – –
APWA
187
Atlas Private Wealth Advisors
New Jersey
$28K +$27.3K +2,000 New
FWM
188
FSA Wealth Management
Massachusetts
$25K – – –
BBA
189
Braun-Bostich & Associates
Pennsylvania
$24K – – –
PAM
190
Panagora Asset Management
Massachusetts
$23K – – –
GWS
191
Glassman Wealth Services
Virginia
$20K – – –
CAL
192
Capital Analysts LLC
Pennsylvania
$18K – – –
CWM
193
Campbell Wealth Management
Virginia
$17K +$16.1K +1,179 New
PFO
194
Pathstone Family Office
New Jersey
$16K +$14.6K +1,072 New
CTC
195
Central Trust Company
Missouri
$14K – – –
GRP
196
Global Retirement Partners
California
$13K – – –
DCM
197
Davis Capital Management
Florida
$13K +$164 +12 +1%
WLPWM
198
Walled Lake Planning & Wealth Management
Illinois
$9K +$109 +8 +1%
BCWM
199
Bartlett & Co Wealth Management
Ohio
$8.45K – – –
BC
200
Bartlett & Co
Ohio
$8K – – –
6 7
8
9 10

NAD Hedge Fund Activity: Q2 2020 in Review

212 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q2 2020, worth a combined $855M — up 5.2% from $813M a quarter earlier.

Sellers outnumbered buyers: 31 funds closed out of NAD and 17 opened new positions — a net loss of 14 holders — while 44 trimmed existing stakes and 70 added.

The largest buyer was BlackRock, opening a new position worth an estimated $31.6M. The largest seller was Karpus Investment Management, cutting an estimated $19.4M.

  • 212 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q2 2020, down from 229 in Q1 2020.
  • Funds reported $855M of Nuveen Quality Municipal Income Fund stock for Q2 2020, up 5.2% quarter-over-quarter.
  • 17 funds opened new Nuveen Quality Municipal Income Fund positions in Q2 2020 and 31 closed out, a net change of -14 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q2 2020 was BlackRock, an estimated $31.6M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q2 2020 was Karpus Investment Management, an estimated $19.4M sold.

Based on aggregated 13F filings for Q2 2020.