Nuveen Michigan Quality Municipal Income Fund
NUM
NUM was delisted on the 5th of February, 2021.
47 hedge funds and large institutions have $41.7M invested in Nuveen Michigan Quality Municipal Income Fund in 2018 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 10 increasing their positions, 15 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
30% more capital invested
Capital invested by funds: $32.2M → $41.7M (+$9.53M)
9% more funds holding
Funds holding: 43 → 47 (+4)
33% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 15
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$7.86M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.03M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$594K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$485K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$427K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$2.51M |
| 2 |
LPL Financial
San Diego,
California
|
-$1.07M |
| 3 |
Morgan Stanley
New York
|
-$704K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$516K |
| 5 |
RCAG
Rehmann Capital Advisory Group
Lansing,
Michigan
|
-$515K |
NUM Hedge Fund Activity: Q4 2018 in Review
47 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Nuveen Michigan Quality Municipal Income Fund (NUM) for Q4 2018, worth a combined $41.7M — up 30% from $32.2M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NUM positions and 6 closed out — a net gain of 4 holders — while 10 added to existing stakes and 15 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $7.86M. The largest seller was Matisse Capital, cutting an estimated $2.51M.
- 47 institutional investors held Nuveen Michigan Quality Municipal Income Fund (NUM) as of Q4 2018, up from 43 in Q3 2018.
- Funds reported $41.7M of Nuveen Michigan Quality Municipal Income Fund stock for Q4 2018, up 30% quarter-over-quarter.
- 10 funds opened new Nuveen Michigan Quality Municipal Income Fund positions in Q4 2018 and 6 closed out, a net change of +4 holders.
- The largest Nuveen Michigan Quality Municipal Income Fund buyer in Q4 2018 was Saba Capital Management, an estimated $7.86M added.
- The largest Nuveen Michigan Quality Municipal Income Fund seller in Q4 2018 was Matisse Capital, an estimated $2.51M sold.
Based on aggregated 13F filings for Q4 2018.