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Nuveen Quality Municipal Income Fund

62 hedge funds and large institutions have $61.6M invested in Nuveen Quality Municipal Income Fund in 2014 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 9

15% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 13

3% more funds holding

Funds holding: 6062 (+2)

1% more capital invested

Capital invested by funds: $61.2M → $61.6M (+$375K)

0.67% less ownership

Funds ownership: 12.45%11.78% (-0.67%)

Holders
62
Holders Change
+2
Holders Change %
+3.33%
% of All Funds
1.79%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
11
Increased
15
Reduced
13
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$11.9M -$264K -19,800 -2%
GC
2
Guggenheim Capital
Illinois
$6.36M -$184K -13,742 -3%
AAM
3
Advisors Asset Management
Colorado
$6.14M -$1.35M -100,908 -18%
Bank of America
4
Bank of America
North Carolina
$4.86M +$808K +60,501 +20%
PPA
5
Parametric Portfolio Associates
Washington
$4.4M +$719K +53,791 +20%
Morgan Stanley
6
Morgan Stanley
New York
$3.13M +$72.3K +5,409 +2%
HK
7
Horizon Kinetics
New York
$3.05M -$9.35K -700 -0.3%
GEM
8
Global Endowment Management
North Carolina
$2.96M
CCWA
9
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$2.03M +$36.7K +2,745 +2%
KIM
10
Karpus Investment Management
New York
$1.83M +$1.39M +103,700 +313%
CIA
11
Capital Investment Advisors
Georgia
$1.48M +$895 +67 +0.1%
AQR Capital Management
12
AQR Capital Management
Connecticut
$1.46M
Wells Fargo
13
Wells Fargo
California
$1.25M -$651K -48,733 -34%
U
14
UBS
Switzerland
$1.24M +$21.6K +1,620 +2%
Invesco
15
Invesco
Georgia
$1.01M -$3.1M -231,854 -76%
LPL Financial
16
LPL Financial
California
$771K +$8.03K +601 +1%
GCM
17
Gruss Capital Management
New York
$638K
Northwestern Mutual Wealth Management
18
Northwestern Mutual Wealth Management
Wisconsin
$551K -$42.4K -3,175 -7%
Stifel Financial
19
Stifel Financial
Missouri
$505K +$504K +37,714 New
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$498K +$47.8K +3,582 +11%
VanEck Associates
21
VanEck Associates
New York
$439K +$52.6K +3,937 +14%
TC
22
TFS Capital
Pennsylvania
$427K +$426K +31,866 New
UCFA
23
United Capital Financial Advisors
Texas
$415K +$94 +7 +0%
KeyBank National Association
24
KeyBank National Association
Ohio
$363K +$21.4K +1,600 +6%
DLG
25
Daniel L. Goodwin
$330K

NAD Hedge Fund Activity: Q1 2014 in Review

62 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q1 2014, worth a combined $61.6M — up 0.61% from $61.2M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new NAD positions and 9 closed out — a net gain of 2 holders — while 15 added to existing stakes and 13 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $1.39M. The largest seller was Invesco, cutting an estimated $3.1M.

  • 62 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q1 2014, up from 60 in Q4 2013.
  • Funds reported $61.6M of Nuveen Quality Municipal Income Fund stock for Q1 2014, up 0.61% quarter-over-quarter.
  • 11 funds opened new Nuveen Quality Municipal Income Fund positions in Q1 2014 and 9 closed out, a net change of +2 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q1 2014 was Karpus Investment Management, an estimated $1.39M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q1 2014 was Invesco, an estimated $3.1M sold.

Based on aggregated 13F filings for Q1 2014.