Nuveen Michigan Quality Municipal Income Fund
NUM
NUM was delisted on the 5th of February, 2021.
49 hedge funds and large institutions have $52.1M invested in Nuveen Michigan Quality Municipal Income Fund in 2020 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 17 reducing their positions, and 5 closing their positions.
4% less funds holding
Funds holding: 51 → 49 (-2)
8% less capital invested
Capital invested by funds: $56.4M → $52.1M (-$4.26M)
29% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 17
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.96M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$483K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$375K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$250K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$232K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$3.69M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.61M |
| 3 |
BlackRock
New York
|
-$2.05M |
| 4 |
SCM
Saba Capital Management
New York
|
-$1.62M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$370K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Goldman Sachs
New York
| – | -$286K | -20,906 | Closed |
|
|
AA
52
AQR Arbitrage
Greenwich,
Connecticut
| – | -$246K | -17,955 | Closed |
|
|
TNB
53
TCF National Bank
Sioux Falls,
South Dakota
| – | -$139K | -10,226 | Closed |
|
|
CAN
54
Cetera Advisor Networks
El Segundo,
California
| – | -$22K | -1,600 | Closed |
|
NUM Hedge Fund Activity: Q3 2020 in Review
49 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Nuveen Michigan Quality Municipal Income Fund (NUM) for Q3 2020, worth a combined $52.1M — down 7.6% from $56.4M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of NUM and 3 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 12 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $3.96M. The largest seller was Robinson Capital Management, cutting an estimated $3.69M.
- 49 institutional investors held Nuveen Michigan Quality Municipal Income Fund (NUM) as of Q3 2020, down from 51 in Q2 2020.
- Funds reported $52.1M of Nuveen Michigan Quality Municipal Income Fund stock for Q3 2020, down 7.6% quarter-over-quarter.
- 3 funds opened new Nuveen Michigan Quality Municipal Income Fund positions in Q3 2020 and 5 closed out, a net change of -2 holders.
- The largest Nuveen Michigan Quality Municipal Income Fund buyer in Q3 2020 was Rivernorth Capital Management, an estimated $3.96M added.
- The largest Nuveen Michigan Quality Municipal Income Fund seller in Q3 2020 was Robinson Capital Management, an estimated $3.69M sold.
Based on aggregated 13F filings for Q3 2020.