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NUM

Nuveen Michigan Quality Municipal Income Fund
NUM

Delisted

NUM was delisted on the 5th of February, 2021.

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41 hedge funds and large institutions have $22.9M invested in Nuveen Michigan Quality Municipal Income Fund in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 15 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% less funds holding

Funds holding: 45 → 41 (-4)

12% less capital invested

Capital invested by funds: $25.9M → $22.9M (-$2.99M)

44% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 9

53% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 15

Holders
41
Holders Change
-4
Holders Change %
-8.89%
% of All Funds
1.09%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
7
Reduced
15
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HighTower Advisors
HighTower Advisors
Illinois
+$1.26M
2
LCM
Laurion Capital Management
New York
+$264K
3
LPL Financial
LPL Financial
California
+$53.5K
4
Baird Financial Group
Baird Financial Group
Wisconsin
+$45.3K
5
IIC
Integrated Investment Consultants
Michigan
+$41.1K

Top Sellers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
-$935K
2
MC
Matisse Capital
Oregon
-$804K
3
LCM
Landscape Capital Management
New Jersey
-$400K
4
Bank of America
Bank of America
North Carolina
-$366K
5
Geode Capital Management
Geode Capital Management
Massachusetts
-$346K
Name Holding Trade Value Shares
Change 		Change in
Stake
AIG
26
American International Group
New York
$108K – – –
Wells Fargo
27
Wells Fargo
California
$91K -$293K -21,012 -77%
LTFS
28
Ladenburg Thalmann Financial Services
Florida
$91K – – –
NFG
29
Next Financial Group
Texas
$79K – – –
UBS Group
30
UBS Group
Switzerland
$57K -$10.9K -786 -17%
AssetMark Inc
31
AssetMark Inc
California
$56K – – –
IIC
32
Integrated Investment Consultants
Michigan
$43K +$41.1K +2,953 New
Creative Planning
33
Creative Planning
Kansas
$36K +$125 +9 +0.4%
MBT
34
Monroe Bank & Trust
Michigan
$26K – – –
MFS
35
MSI Financial Services
Massachusetts
$14K – – –
FNBT
36
FineMark National Bank & Trust
Florida
$9K – – –
GWM
37
Geneos Wealth Management
Colorado
$8K +$8.36K +600 New
Bank of Montreal
38
Bank of Montreal
Ontario, Canada
$5K – – –
Citigroup
39
Citigroup
New York
$5K +$4.86K +349 New
GI
40
Gradient Investments
Minnesota
$5K +$5.22K +375 New
Geode Capital Management
41
Geode Capital Management
Massachusetts
$834 -$346K -24,868 -30%
MC
42
Matisse Capital
Oregon
– -$804K -58,700 Closed
CRC
43
Curi RMB Capital
Illinois
– -$260K -19,027 Closed
RTS
44
Round Table Services
New Jersey
– -$256K -18,700 Closed
TC
45
TFS Capital
Pennsylvania
– -$230K -16,782 Closed
AA
46
AQR Arbitrage
Connecticut
– -$226K -16,488 Closed
Squarepoint
47
Squarepoint
New York
– -$215K -15,700 Closed
SG Americas Securities
48
SG Americas Securities
New York
– -$102K -7,418 Closed
US Bancorp
49
US Bancorp
Minnesota
– -$47K -3,452 Closed
1
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NUM Hedge Fund Activity: Q1 2016 in Review

41 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Nuveen Michigan Quality Municipal Income Fund (NUM) for Q1 2016, worth a combined $22.9M — down 12% from $25.9M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of NUM and 5 opened new positions — a net loss of 4 holders — while 15 trimmed existing stakes and 7 added.

The largest buyer was HighTower Advisors, opening a new position worth an estimated $1.26M. The largest seller was Mackay Shields LLC, cutting an estimated $935K.

  • 41 institutional investors held Nuveen Michigan Quality Municipal Income Fund (NUM) as of Q1 2016, down from 45 in Q4 2015.
  • Funds reported $22.9M of Nuveen Michigan Quality Municipal Income Fund stock for Q1 2016, down 12% quarter-over-quarter.
  • 5 funds opened new Nuveen Michigan Quality Municipal Income Fund positions in Q1 2016 and 9 closed out, a net change of -4 holders.
  • The largest Nuveen Michigan Quality Municipal Income Fund buyer in Q1 2016 was HighTower Advisors, an estimated $1.26M added.
  • The largest Nuveen Michigan Quality Municipal Income Fund seller in Q1 2016 was Mackay Shields LLC, an estimated $935K sold.

Based on aggregated 13F filings for Q1 2016.