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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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50 hedge funds and large institutions have $48.3M invested in Nuveen Michigan Quality Municipal Income Fund in 2019 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

250% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 2

56% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 9

12% more capital invested

Capital invested by funds: $43M → $48.3M (+$5.31M)

11% more funds holding

Funds holding: 45 → 50 (+5)

Holders
50
Holders Change
+5
Holders Change %
+11.11%
% of All Funds
1.09%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
14
Reduced
9
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$8.47M
2
Mercer Global Advisors
Mercer Global Advisors
Colorado
+$1.62M
3
SIA
Sit Investment Associates
Minnesota
+$1.14M
4
Wells Fargo
Wells Fargo
California
+$684K
5
TFCP
Twin Focus Capital Partners
Massachusetts
+$569K

Top Sellers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$4.83M
2
AC
Almitas Capital
California
-$1.83M
3
LPL Financial
LPL Financial
California
-$846K
4
RJA
Raymond James & Associates
Florida
-$342K
5
LCM
Landscape Capital Management
New Jersey
-$306K
Name Holding Trade Value Shares
Change 		Change in
Stake
WKWM
26
Walter & Keenan Wealth Management
Indiana
$217K – – –
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$205K -$9.76K -730 -5%
Baird Financial Group
28
Baird Financial Group
Wisconsin
$187K +$9.56K +715 +5%
RIA
29
Realta Investment Advisors
Delaware
$174K – – –
WDL
30
Well Done LLC
Michigan
$169K – – –
NPF
31
Norris Perne & French
Michigan
$163K – – –
PA
32
Planning Alternatives
Michigan
$158K – – –
ONB
33
Old National Bancorp
Indiana
$144K – – –
CB
34
Chemical Bank
Michigan
$139K – – –
Stifel Financial
35
Stifel Financial
Missouri
$138K – – –
RWA
36
Redhawk Wealth Advisors
Minnesota
$109K +$108K +8,050 New
Fifth Third Bancorp
37
Fifth Third Bancorp
Ohio
$84K +$26.7K +2,000 +47%
EWM
38
Executive Wealth Management
Michigan
$60K +$59.2K +4,427 New
AssetMark Inc
39
AssetMark Inc
California
$53K – – –
Northwestern Mutual Wealth Management
40
Northwestern Mutual Wealth Management
Wisconsin
$41K – – –
CL
41
CSS LLC
Illinois
$29K +$28.9K +2,161 New
Royal Bank of Canada
42
Royal Bank of Canada
Ontario, Canada
$24K – – –
RCAG
43
Rehmann Capital Advisory Group
Michigan
$19.6K – – –
ASN
44
Advisory Services Network
Georgia
$16K +$16K +1,200 New
Citigroup
45
Citigroup
New York
$14K – – –
LTFS
46
Ladenburg Thalmann Financial Services
Florida
$13K – – –
FIA
47
FNY Investment Advisers
New York
$11K +$9.55K +714 +503%
TRCT
48
Tower Research Capital (TRC)
New York
$8K +$7.97K +596 New
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
$4K – – –
LPL Financial
50
LPL Financial
California
– -$846K -63,887 Closed
1
2
3

NUM Hedge Fund Activity: Q2 2019 in Review

50 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Nuveen Michigan Quality Municipal Income Fund (NUM) for Q2 2019, worth a combined $48.3M — up 12% from $43M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new NUM positions and 2 closed out — a net gain of 5 holders — while 14 added to existing stakes and 9 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $8.47M. The largest seller was Fiera Capital (Canada), cutting an estimated $4.83M.

  • 50 institutional investors held Nuveen Michigan Quality Municipal Income Fund (NUM) as of Q2 2019, up from 45 in Q1 2019.
  • Funds reported $48.3M of Nuveen Michigan Quality Municipal Income Fund stock for Q2 2019, up 12% quarter-over-quarter.
  • 7 funds opened new Nuveen Michigan Quality Municipal Income Fund positions in Q2 2019 and 2 closed out, a net change of +5 holders.
  • The largest Nuveen Michigan Quality Municipal Income Fund buyer in Q2 2019 was Saba Capital Management, an estimated $8.47M added.
  • The largest Nuveen Michigan Quality Municipal Income Fund seller in Q2 2019 was Fiera Capital (Canada), an estimated $4.83M sold.

Based on aggregated 13F filings for Q2 2019.