Nuveen Michigan Quality Municipal Income Fund
NUM
NUM was delisted on the 5th of February, 2021.
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$8.47M |
| 2 |
Mercer Global Advisors
Denver,
Colorado
|
+$1.62M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.14M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$684K |
| 5 |
TFCP
Twin Focus Capital Partners
Boston,
Massachusetts
|
+$569K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$4.83M |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
-$1.83M |
| 3 |
LPL Financial
San Diego,
California
|
-$846K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$342K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$306K |
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.