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Nuveen Quality Municipal Income Fund
NAD

179 hedge funds and large institutions have $430M invested in Nuveen Quality Municipal Income Fund in 2017 Q4 according to their latest regulatory filings, with 36 funds opening new positions, 50 increasing their positions, 45 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more funds holding in top 10

Funds holding in top 10: 2 → 5 (+3)

100% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 18

23% more capital invested

Capital invested by funds: $351M → $430M (+$79.3M)

11% more funds holding

Funds holding: 161 → 179 (+18)

11% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 45

2.89% more ownership

Funds ownership: 12.27% → 15.15% (+2.9%)

Holders
179
Holders Change
+18
Holders Change %
+11.18%
% of All Funds
4.06%
Holding in Top 10
5
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+150%
% of All Funds
0.11%
New
36
Increased
50
Reduced
45
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$52.7M
2
Morgan Stanley
Morgan Stanley
New York
+$6.78M
3
PPA
Parametric Portfolio Associates
Washington
+$6.08M
4
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$3.81M
5
Wells Fargo
Wells Fargo
California
+$3.77M

Top Sellers

1
GC
Guggenheim Capital
Illinois
-$4.59M
2
NPC
National Planning Corporation
California
-$2.32M
3
UBS Group
UBS Group
Switzerland
-$1.83M
4
Invesco
Invesco
Georgia
-$1.25M
5
ICOA
Investment Centers of America
North Dakota
-$463K
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
1
Karpus Investment Management
New York
$64.4M +$52.7M +3,758,552 +456%
Morgan Stanley
2
Morgan Stanley
New York
$54.4M +$6.78M +483,589 +14%
PPA
3
Parametric Portfolio Associates
Washington
$41.4M +$6.08M +433,351 +17%
Wells Fargo
4
Wells Fargo
California
$41.3M +$3.77M +268,959 +10%
RCM
5
Rivernorth Capital Management
Florida
$27.6M +$349K +24,902 +1%
UBS Group
6
UBS Group
Switzerland
$21.8M -$1.83M -130,288 -8%
Bank of America
7
Bank of America
North Carolina
$21.3M +$100K +7,133 +0.5%
SIA
8
Sit Investment Associates
Minnesota
$14.2M +$602K +42,898 +4%
GC
9
Guggenheim Capital
Illinois
$10.3M -$4.59M -327,190 -31%
RCM
10
Robinson Capital Management
Michigan
$8.86M +$182K +13,000 +2%
VanEck Associates
11
VanEck Associates
New York
$8.14M +$399K +28,431 +5%
AAM
12
Advisors Asset Management
Colorado
$6.96M -$21.5K -1,531 -0.3%
1CP
13
1607 Capital Partners
Virginia
$5.94M +$98.2K +7,000 +2%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$4.98M -$106K -7,569 -2%
PNC Financial Services Group
15
PNC Financial Services Group
Pennsylvania
$4.88M +$3.81M +271,303 +358%
AG
16
Advisor Group
Arizona
$3M +$2.19M +155,997 +272%
6M
17
6 Meridian
Kansas
$2.89M +$2.88M +205,294 New
Cohen & Steers
18
Cohen & Steers
New York
$2.79M +$193K +13,728 +7%
RJA
19
Raymond James & Associates
Florida
$2.72M +$375K +26,720 +16%
HighTower Advisors
20
HighTower Advisors
Illinois
$2.71M -$47.2K -3,366 -2%
PAM
21
PT Asset Management
Illinois
$2.58M +$2.57M +183,527 New
HFA
22
Huber Financial Advisors
Illinois
$2.54M +$2.53M +180,643 New
Fiera Capital (Canada)
23
Fiera Capital (Canada)
Quebec, Canada
$2.53M +$52.3K +3,731 +2%
Stifel Financial
24
Stifel Financial
Missouri
$2.5M -$107K -7,662 -4%
JWA
25
JFS Wealth Advisors
Pennsylvania
$2.49M +$31.9K +2,276 +1%
1
2 3 4 5

NAD Hedge Fund Activity: Q4 2017 in Review

179 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q4 2017, worth a combined $430M — up 23% from $351M a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new NAD positions and 18 closed out — a net gain of 18 holders — while 50 added to existing stakes and 45 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $52.7M. The largest seller was Guggenheim Capital, cutting an estimated $4.59M.

  • 179 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q4 2017, up from 161 in Q3 2017.
  • Funds reported $430M of Nuveen Quality Municipal Income Fund stock for Q4 2017, up 23% quarter-over-quarter.
  • 36 funds opened new Nuveen Quality Municipal Income Fund positions in Q4 2017 and 18 closed out, a net change of +18 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q4 2017 was Karpus Investment Management, an estimated $52.7M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q4 2017 was Guggenheim Capital, an estimated $4.59M sold.

Based on aggregated 13F filings for Q4 2017.