Nuveen Michigan Quality Municipal Income Fund
NUM
NUM was delisted on the 5th of February, 2021.
48 hedge funds and large institutions have $52.2M invested in Nuveen Michigan Quality Municipal Income Fund in 2020 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 17 increasing their positions, 15 reducing their positions, and 3 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 15
0% more capital invested
Capital invested by funds: $52.1M → $52.2M (+$113K)
2% less funds holding
Funds holding: 49 → 48 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.32M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$3.04M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$482K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$371K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$361K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$10.9M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$823K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$614K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$195K |
| 5 |
Mercer Global Advisors
Denver,
Colorado
|
-$194K |
NUM Hedge Fund Activity: Q4 2020 in Review
48 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Nuveen Michigan Quality Municipal Income Fund (NUM) for Q4 2020, worth a combined $52.2M — up 0.22% from $52.1M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of NUM and 2 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 17 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $6.32M. The largest seller was Saba Capital Management, cutting an estimated $10.9M.
- 48 institutional investors held Nuveen Michigan Quality Municipal Income Fund (NUM) as of Q4 2020, down from 49 in Q3 2020.
- Funds reported $52.2M of Nuveen Michigan Quality Municipal Income Fund stock for Q4 2020, up 0.22% quarter-over-quarter.
- 2 funds opened new Nuveen Michigan Quality Municipal Income Fund positions in Q4 2020 and 3 closed out, a net change of -1 holder.
- The largest Nuveen Michigan Quality Municipal Income Fund buyer in Q4 2020 was Rivernorth Capital Management, an estimated $6.32M added.
- The largest Nuveen Michigan Quality Municipal Income Fund seller in Q4 2020 was Saba Capital Management, an estimated $10.9M sold.
Based on aggregated 13F filings for Q4 2020.