Nuveen Michigan Quality Municipal Income Fund
NUM
NUM was delisted on the 5th of February, 2021.
36 hedge funds and large institutions have $20.1M invested in Nuveen Michigan Quality Municipal Income Fund in 2016 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 8 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
12% less funds holding
Funds holding: 41 → 36 (-5)
13% less capital invested
Capital invested by funds: $22.9M → $20.1M (-$2.87M)
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$755K |
| 2 |
MSL
Mackay Shields LLC
New York
|
+$612K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
+$363K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$103K |
| 5 |
SIA
Starfire Investment Advisers
Southfield,
Michigan
|
+$97.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$2.62M |
| 2 |
HS
HighVista Strategies
Boston,
Massachusetts
|
-$1.38M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.09M |
| 4 |
LCM
Laurion Capital Management
New York
|
-$830K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$382K |
NUM Hedge Fund Activity: Q2 2016 in Review
36 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Nuveen Michigan Quality Municipal Income Fund (NUM) for Q2 2016, worth a combined $20.1M — down 13% from $22.9M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NUM and 3 opened new positions — a net loss of 5 holders — while 8 trimmed existing stakes and 15 added.
The largest buyer was Fiera Capital (Canada), opening a new position worth an estimated $755K. The largest seller was LPL Financial, cutting an estimated $2.62M.
- 36 institutional investors held Nuveen Michigan Quality Municipal Income Fund (NUM) as of Q2 2016, down from 41 in Q1 2016.
- Funds reported $20.1M of Nuveen Michigan Quality Municipal Income Fund stock for Q2 2016, down 13% quarter-over-quarter.
- 3 funds opened new Nuveen Michigan Quality Municipal Income Fund positions in Q2 2016 and 8 closed out, a net change of -5 holders.
- The largest Nuveen Michigan Quality Municipal Income Fund buyer in Q2 2016 was Fiera Capital (Canada), an estimated $755K added.
- The largest Nuveen Michigan Quality Municipal Income Fund seller in Q2 2016 was LPL Financial, an estimated $2.62M sold.
Based on aggregated 13F filings for Q2 2016.