Nuveen Michigan Quality Municipal Income Fund
NUM
NUM was delisted on the 5th of February, 2021.
36 hedge funds and large institutions have $20.4M invested in Nuveen Michigan Quality Municipal Income Fund in 2015 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
6% more funds holding
Funds holding: 34 → 36 (+2)
4% less capital invested
Capital invested by funds: $21.3M → $20.4M (-$959K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$546K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$365K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$350K |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$223K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$187K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$970K |
| 2 |
Goldman Sachs
New York
|
-$658K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$270K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$117K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$88.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FIMG
26
Financial & Investment Management Group
Traverse City,
Michigan
| $146K | +$149K | +11,000 | New |
|
27
Fifth Third Bancorp
Cincinnati,
Ohio
| $115K | – | – | – |
|
|
AIG
28
American International Group
New York
| $95.4K | -$8.63K | -635 | -8% |
|
|
LTFS
29
Ladenburg Thalmann Financial Services
Miami,
Florida
| $84K | – | – | – |
|
|
NFG
30
Next Financial Group
Houston,
Texas
| $73K | – | – | – |
|
|
31
UBS Group
Zurich,
Switzerland
| $55K | -$88.4K | -6,509 | -61% |
|
|
AWS
32
Aris Wealth Services
State College,
Pennsylvania
| $52K | – | – | – |
|
33
US Bancorp
Minneapolis,
Minnesota
| $46K | +$46.9K | +3,452 | New |
|
|
MBT
34
Monroe Bank & Trust
Monroe,
Michigan
| $24K | – | – | – |
|
|
FNBT
35
FineMark National Bank & Trust
Fort Myers,
Florida
| $9K | – | – | – |
|
36
Citigroup
New York
| $1K | +$1.1K | +81 | New |
|
|
37
Goldman Sachs
New York
| – | -$658K | -47,333 | Closed |
|
38
Creative Planning
Overland Park,
Kansas
| – | -$34K | -2,468 | Closed |
|
|
TRCT
39
Tower Research Capital (TRC)
New York
| – | -$1K | -100 | Closed |
|
NUM Hedge Fund Activity: Q2 2015 in Review
36 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Nuveen Michigan Quality Municipal Income Fund (NUM) for Q2 2015, worth a combined $20.4M — down 4.5% from $21.3M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new NUM positions and 3 closed out — a net gain of 2 holders — while 11 added to existing stakes and 9 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $546K. The largest seller was LPL Financial, cutting an estimated $970K.
- 36 institutional investors held Nuveen Michigan Quality Municipal Income Fund (NUM) as of Q2 2015, up from 34 in Q1 2015.
- Funds reported $20.4M of Nuveen Michigan Quality Municipal Income Fund stock for Q2 2015, down 4.5% quarter-over-quarter.
- 5 funds opened new Nuveen Michigan Quality Municipal Income Fund positions in Q2 2015 and 3 closed out, a net change of +2 holders.
- The largest Nuveen Michigan Quality Municipal Income Fund buyer in Q2 2015 was Morgan Stanley, an estimated $546K added.
- The largest Nuveen Michigan Quality Municipal Income Fund seller in Q2 2015 was LPL Financial, an estimated $970K sold.
Based on aggregated 13F filings for Q2 2015.