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Nuveen Quality Municipal Income Fund
NAD

161 hedge funds and large institutions have $351M invested in Nuveen Quality Municipal Income Fund in 2017 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 43 increasing their positions, 43 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

38% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 13

3% more funds holding

Funds holding: 157 → 161 (+4)

4% more capital invested

Capital invested by funds: $337M → $351M (+$14.4M)

0.36% more ownership

Funds ownership: 11.9% → 12.27% (+0.36%)

0% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 43

Holders
161
Holders Change
+4
Holders Change %
+2.55%
% of All Funds
4.01%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
18
Increased
43
Reduced
43
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PPA
Parametric Portfolio Associates
Washington
+$15M
2
Morgan Stanley
Morgan Stanley
New York
+$4.16M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$2.51M
4
Wells Fargo
Wells Fargo
California
+$1.65M
5
RCM
Robinson Capital Management
Michigan
+$1.08M

Top Sellers

1
KIM
Karpus Investment Management
New York
-$5.01M
2
JP Morgan Chase
JP Morgan Chase
New York
-$2.54M
3
AAM
Advisors Asset Management
Colorado
-$2.03M
4
RCM
Rivernorth Capital Management
Florida
-$1.71M
5
Invesco
Invesco
Georgia
-$1.66M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$48M +$4.16M +292,048 +9%
Wells Fargo
2
Wells Fargo
California
$37.8M +$1.65M +116,037 +5%
PPA
3
Parametric Portfolio Associates
Washington
$35.6M +$15M +1,049,306 +72%
RCM
4
Rivernorth Capital Management
Florida
$27.5M -$1.71M -119,665 -6%
UBS Group
5
UBS Group
Switzerland
$23.8M +$924K +64,832 +4%
Bank of America
6
Bank of America
North Carolina
$21.4M +$539K +37,769 +3%
GC
7
Guggenheim Capital
Illinois
$15M -$200K -14,021 -1%
SIA
8
Sit Investment Associates
Minnesota
$13.7M -$233K -16,344 -2%
KIM
9
Karpus Investment Management
New York
$11.7M -$5.01M -351,416 -30%
RCM
10
Robinson Capital Management
Michigan
$8.76M +$1.08M +76,034 +14%
VanEck Associates
11
VanEck Associates
New York
$7.82M +$421K +29,509 +6%
AAM
12
Advisors Asset Management
Colorado
$7.05M -$2.03M -142,206 -22%
1CP
13
1607 Capital Partners
Virginia
$5.89M -$257K -18,000 -4%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$5.13M +$385K +26,981 +8%
Invesco
15
Invesco
Georgia
$3.24M -$1.66M -116,298 -34%
HighTower Advisors
16
HighTower Advisors
Illinois
$2.78M +$87.9K +6,164 +3%
Stifel Financial
17
Stifel Financial
Missouri
$2.64M +$124K +8,666 +5%
Cohen & Steers
18
Cohen & Steers
New York
$2.62M +$497K +34,863 +23%
Fiera Capital (Canada)
19
Fiera Capital (Canada)
Quebec, Canada
$2.5M +$2.51M +176,183 New
JWA
20
JFS Wealth Advisors
Pennsylvania
$2.48M +$36.8K +2,578 +1%
RJA
21
Raymond James & Associates
Florida
$2.37M +$140K +9,787 +6%
1832 Asset Management
22
1832 Asset Management
Ontario, Canada
$2.34M – – –
TCM
23
Tradewinds Capital Management
Washington
$2.33M +$299 +21 +0%
NPC
24
National Planning Corporation
California
$2.32M -$10.5K -739 -0.4%
NCMW
25
Northern Capital Management (Wisconsin)
Wisconsin
$2.22M -$60K -4,206 -3%
1
2 3 4 5

NAD Hedge Fund Activity: Q3 2017 in Review

161 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q3 2017, worth a combined $351M — up 4.3% from $337M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new NAD positions and 13 closed out — a net gain of 5 holders — while 43 added to existing stakes and 43 trimmed.

The largest buyer was Parametric Portfolio Associates, adding an estimated $15M. The largest seller was Karpus Investment Management, cutting an estimated $5.01M.

  • 161 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q3 2017, up from 157 in Q2 2017.
  • Funds reported $351M of Nuveen Quality Municipal Income Fund stock for Q3 2017, up 4.3% quarter-over-quarter.
  • 18 funds opened new Nuveen Quality Municipal Income Fund positions in Q3 2017 and 13 closed out, a net change of +5 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q3 2017 was Parametric Portfolio Associates, an estimated $15M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q3 2017 was Karpus Investment Management, an estimated $5.01M sold.

Based on aggregated 13F filings for Q3 2017.