Nuveen Michigan Quality Municipal Income Fund
NUM
NUM was delisted on the 5th of February, 2021.
51 hedge funds and large institutions have $56.4M invested in Nuveen Michigan Quality Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 2 closing their positions.
350% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 2
16% more funds holding
Funds holding: 44 → 51 (+7)
6% more capital invested
Capital invested by funds: $53M → $56.4M (+$3.35M)
7% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$2.01M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.89M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.01M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$768K |
| 5 |
Morgan Stanley
New York
|
+$412K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.19M |
| 2 |
SCM
Saba Capital Management
New York
|
-$1.18M |
| 3 |
Mercer Global Advisors
Denver,
Colorado
|
-$579K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$565K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$279K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citigroup
New York
| $14K | – | – | – |
|
|
ASN
52
Advisory Services Network
Atlanta,
Georgia
| – | -$22K | -1,663 | Closed |
|
|
GI
53
Gradient Investments
Arden Hills,
Minnesota
| – | -$4K | -300 | Closed |
|
NUM Hedge Fund Activity: Q2 2020 in Review
51 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Nuveen Michigan Quality Municipal Income Fund (NUM) for Q2 2020, worth a combined $56.4M — up 6.3% from $53M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new NUM positions and 2 closed out — a net gain of 7 holders — while 16 added to existing stakes and 15 trimmed.
The largest buyer was BlackRock, opening a new position worth an estimated $2.01M. The largest seller was Sit Investment Associates, cutting an estimated $2.19M.
- 51 institutional investors held Nuveen Michigan Quality Municipal Income Fund (NUM) as of Q2 2020, up from 44 in Q1 2020.
- Funds reported $56.4M of Nuveen Michigan Quality Municipal Income Fund stock for Q2 2020, up 6.3% quarter-over-quarter.
- 9 funds opened new Nuveen Michigan Quality Municipal Income Fund positions in Q2 2020 and 2 closed out, a net change of +7 holders.
- The largest Nuveen Michigan Quality Municipal Income Fund buyer in Q2 2020 was BlackRock, an estimated $2.01M added.
- The largest Nuveen Michigan Quality Municipal Income Fund seller in Q2 2020 was Sit Investment Associates, an estimated $2.19M sold.
Based on aggregated 13F filings for Q2 2020.