Nuveen Quality Municipal Income Fund
60 hedge funds and large institutions have $61.2M invested in Nuveen Quality Municipal Income Fund in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 17 increasing their positions, 12 reducing their positions, and 9 closing their positions.
67% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 9
42% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 12
9% more funds holding
Funds holding: 55 → 60 (+5)
5% more capital invested
Capital invested by funds: $58.5M → $61.2M (+$2.74M)
0.95% more ownership
Funds ownership: 11.5% → 12.45% (+0.95%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.85M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.36M |
| 3 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
+$2.31M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$927K |
| 5 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
+$797K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRAM
Claren Road Asset Management
New York
|
-$2.53M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$2.5M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$1.54M |
| 4 |
FTCM
Fir Tree Capital Management
New York
|
-$736K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$453K |
NAD Hedge Fund Activity: Q4 2013 in Review
60 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q4 2013, worth a combined $61.2M — up 4.7% from $58.5M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new NAD positions and 9 closed out — a net gain of 6 holders — while 17 added to existing stakes and 12 trimmed.
The largest buyer was Bank of America, adding an estimated $2.85M. The largest seller was Claren Road Asset Management, exiting entirely with an estimated $2.53M sold.
- 60 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q4 2013, up from 55 in Q3 2013.
- Funds reported $61.2M of Nuveen Quality Municipal Income Fund stock for Q4 2013, up 4.7% quarter-over-quarter.
- 15 funds opened new Nuveen Quality Municipal Income Fund positions in Q4 2013 and 9 closed out, a net change of +6 holders.
- The largest Nuveen Quality Municipal Income Fund buyer in Q4 2013 was Bank of America, an estimated $2.85M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q4 2013 was Claren Road Asset Management, an estimated $2.53M sold.
Based on aggregated 13F filings for Q4 2013.