Nuveen Michigan Quality Municipal Income Fund
NUM
NUM was delisted on the 5th of February, 2021.
41 hedge funds and large institutions have $23.8M invested in Nuveen Michigan Quality Municipal Income Fund in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 15 reducing their positions, and 9 closing their positions.
8% less capital invested
Capital invested by funds: $25.9M → $23.8M (-$2.16M)
9% less funds holding
Funds holding: 45 → 41 (-4)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
53% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
+$1.26M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$264K |
| 3 |
LPL Financial
San Diego,
California
|
+$53.5K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$45.3K |
| 5 |
IIC
Integrated Investment Consultants
Bloomfield Hills,
Michigan
|
+$41.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$935K |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
-$804K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$400K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$366K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
-$346K |
NUM Hedge Fund Activity: Q1 2016 in Review
41 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Nuveen Michigan Quality Municipal Income Fund (NUM) for Q1 2016, worth a combined $23.8M — down 8.3% from $25.9M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of NUM and 5 opened new positions — a net loss of 4 holders — while 15 trimmed existing stakes and 7 added.
The largest buyer was HighTower Advisors, opening a new position worth an estimated $1.26M. The largest seller was Mackay Shields LLC, cutting an estimated $935K.
- 41 institutional investors held Nuveen Michigan Quality Municipal Income Fund (NUM) as of Q1 2016, down from 45 in Q4 2015.
- Funds reported $23.8M of Nuveen Michigan Quality Municipal Income Fund stock for Q1 2016, down 8.3% quarter-over-quarter.
- 5 funds opened new Nuveen Michigan Quality Municipal Income Fund positions in Q1 2016 and 9 closed out, a net change of -4 holders.
- The largest Nuveen Michigan Quality Municipal Income Fund buyer in Q1 2016 was HighTower Advisors, an estimated $1.26M added.
- The largest Nuveen Michigan Quality Municipal Income Fund seller in Q1 2016 was Mackay Shields LLC, an estimated $935K sold.
Based on aggregated 13F filings for Q1 2016.