Nuveen Michigan Quality Municipal Income Fund
NUM
NUM was delisted on the 5th of February, 2021.
25 hedge funds and large institutions have $11.3M invested in Nuveen Michigan Quality Municipal Income Fund in 2014 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 4 reducing their positions, and 7 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 4
8% less capital invested
Capital invested by funds: $12.3M → $11.3M (-$995K)
14% less funds holding
Funds holding: 29 → 25 (-4)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCAG
Rehmann Capital Advisory Group
Lansing,
Michigan
|
+$231K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$199K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$168K |
| 4 |
Morgan Stanley
New York
|
+$155K |
| 5 |
RIA
Regal Investment Advisors
Kentwood,
Michigan
|
+$137K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$1.62M |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$458K |
| 3 |
1SB
1ST Source Bank
South Bend,
Indiana
|
-$325K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$163K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$80K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $3K | -$31.4K | -2,245 | -92% |
|
|
MSL
27
Mackay Shields LLC
New York
| – | -$1.62M | -119,553 | Closed |
|
|
TC
28
TFS Capital
West Chester,
Pennsylvania
| – | -$458K | -33,739 | Closed |
|
|
1SB
29
1ST Source Bank
South Bend,
Indiana
| – | -$325K | -24,000 | Closed |
|
|
30
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$163K | -12,000 | Closed |
|
|
TJHA
31
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$80K | -5,918 | Closed |
|
32
AllianceBernstein
Nashville,
Tennessee
| – | -$47K | -3,478 | Closed |
|
33
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$12K | -860 | Closed |
|
NUM Hedge Fund Activity: Q2 2014 in Review
25 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Nuveen Michigan Quality Municipal Income Fund (NUM) for Q2 2014, worth a combined $11.3M — down 8.1% from $12.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NUM and 3 opened new positions — a net loss of 4 holders — while 4 trimmed existing stakes and 10 added.
The largest buyer was Rehmann Capital Advisory Group, adding an estimated $231K. The largest seller was Mackay Shields LLC, exiting entirely with an estimated $1.62M sold.
- 25 institutional investors held Nuveen Michigan Quality Municipal Income Fund (NUM) as of Q2 2014, down from 29 in Q1 2014.
- Funds reported $11.3M of Nuveen Michigan Quality Municipal Income Fund stock for Q2 2014, down 8.1% quarter-over-quarter.
- 3 funds opened new Nuveen Michigan Quality Municipal Income Fund positions in Q2 2014 and 7 closed out, a net change of -4 holders.
- The largest Nuveen Michigan Quality Municipal Income Fund buyer in Q2 2014 was Rehmann Capital Advisory Group, an estimated $231K added.
- The largest Nuveen Michigan Quality Municipal Income Fund seller in Q2 2014 was Mackay Shields LLC, an estimated $1.62M sold.
Based on aggregated 13F filings for Q2 2014.