Nuveen Michigan Quality Municipal Income Fund
NUM
NUM was delisted on the 5th of February, 2021.
29 hedge funds and large institutions have $12.3M invested in Nuveen Michigan Quality Municipal Income Fund in 2014 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 5 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
6% less funds holding
Funds holding: 31 → 29 (-2)
7% less capital invested
Capital invested by funds: $13.2M → $12.3M (-$906K)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$711K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$283K |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$242K |
| 4 |
NPF
Norris Perne & French
Grand Rapids,
Michigan
|
+$192K |
| 5 |
RIA
Regal Investment Advisors
Kentwood,
Michigan
|
+$85.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.04M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$788K |
| 3 |
HFS
HL Financial Services
Louisville,
Kentucky
|
-$557K |
| 4 |
Morgan Stanley
New York
|
-$330K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$263K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $33K | +$1.99K | +150 | +7% |
|
27
Creative Planning
Overland Park,
Kansas
| $30K | – | – | – |
|
|
WA
28
WFG Advisors
Dallas,
Texas
| $20K | +$225 | +17 | +1% |
|
29
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $12K | – | – | – |
|
|
FNBT
30
FineMark National Bank & Trust
Fort Myers,
Florida
| $9K | – | – | – |
|
|
DA
31
Doliver Advisors
Houston,
Texas
| – | -$788K | -62,940 | Closed |
|
|
HFS
32
HL Financial Services
Louisville,
Kentucky
| – | -$557K | -44,493 | Closed |
|
|
WAM
33
Wolverine Asset Management
Chicago,
Illinois
| – | -$263K | -21,040 | Closed |
|
|
VKH
34
Virtu KCG Holdings
New York
| – | -$255K | -20,396 | Closed |
|
35
SG Americas Securities
New York
| – | -$145K | -11,597 | Closed |
|
NUM Hedge Fund Activity: Q1 2014 in Review
29 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Nuveen Michigan Quality Municipal Income Fund (NUM) for Q1 2014, worth a combined $12.3M — down 6.9% from $13.2M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of NUM and 3 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 9 added.
The largest buyer was Raymond James & Associates, opening a new position worth an estimated $711K. The largest seller was TFS Capital, cutting an estimated $1.04M.
- 29 institutional investors held Nuveen Michigan Quality Municipal Income Fund (NUM) as of Q1 2014, down from 31 in Q4 2013.
- Funds reported $12.3M of Nuveen Michigan Quality Municipal Income Fund stock for Q1 2014, down 6.9% quarter-over-quarter.
- 3 funds opened new Nuveen Michigan Quality Municipal Income Fund positions in Q1 2014 and 5 closed out, a net change of -2 holders.
- The largest Nuveen Michigan Quality Municipal Income Fund buyer in Q1 2014 was Raymond James & Associates, an estimated $711K added.
- The largest Nuveen Michigan Quality Municipal Income Fund seller in Q1 2014 was TFS Capital, an estimated $1.04M sold.
Based on aggregated 13F filings for Q1 2014.