Nuveen Michigan Quality Municipal Income Fund
NUM
NUM was delisted on the 5th of February, 2021.
44 hedge funds and large institutions have $45.1M invested in Nuveen Michigan Quality Municipal Income Fund in 2019 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 16 reducing their positions, and 8 closing their positions.
7% less capital invested
Capital invested by funds: $48.3M → $45.1M (-$3.21M)
12% less funds holding
Funds holding: 50 → 44 (-6)
44% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 16
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.19M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.21M |
| 3 |
RJT
Raymond James Trust
St. Petersburg,
Florida
|
+$310K |
| 4 |
Morgan Stanley
New York
|
+$163K |
| 5 |
ACP
Aviance Capital Partners
Naples,
Florida
|
+$99.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.43M |
| 2 |
SCM
Saba Capital Management
New York
|
-$1.29M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$1.18M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$530K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$516K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$4K | -328 | Closed |
|
NUM Hedge Fund Activity: Q3 2019 in Review
44 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Nuveen Michigan Quality Municipal Income Fund (NUM) for Q3 2019, worth a combined $45.1M — down 6.6% from $48.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NUM and 3 opened new positions — a net loss of 5 holders — while 16 trimmed existing stakes and 9 added.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $5.19M. The largest seller was Wells Fargo, cutting an estimated $1.43M.
- 44 institutional investors held Nuveen Michigan Quality Municipal Income Fund (NUM) as of Q3 2019, down from 50 in Q2 2019.
- Funds reported $45.1M of Nuveen Michigan Quality Municipal Income Fund stock for Q3 2019, down 6.6% quarter-over-quarter.
- 3 funds opened new Nuveen Michigan Quality Municipal Income Fund positions in Q3 2019 and 8 closed out, a net change of -5 holders.
- The largest Nuveen Michigan Quality Municipal Income Fund buyer in Q3 2019 was Rivernorth Capital Management, an estimated $5.19M added.
- The largest Nuveen Michigan Quality Municipal Income Fund seller in Q3 2019 was Wells Fargo, an estimated $1.43M sold.
Based on aggregated 13F filings for Q3 2019.