Nuveen Michigan Quality Municipal Income Fund
NUM
NUM was delisted on the 5th of February, 2021.
45 hedge funds and large institutions have $43M invested in Nuveen Michigan Quality Municipal Income Fund in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 15 reducing their positions, and 5 closing their positions.
3% more capital invested
Capital invested by funds: $41.7M → $43M (+$1.31M)
0.48% less ownership
Funds ownership: 16.29% → 15.81% (-0.48%)
4% less funds holding
Funds holding: 47 → 45 (-2)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
33% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$930K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$466K |
| 3 |
SCM
Saba Capital Management
New York
|
+$429K |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$193K |
| 5 |
ACP
Aviance Capital Partners
Naples,
Florida
|
+$161K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$393K |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$304K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$276K |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$214K |
| 5 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
-$156K |
NUM Hedge Fund Activity: Q1 2019 in Review
45 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Nuveen Michigan Quality Municipal Income Fund (NUM) for Q1 2019, worth a combined $43M — up 3.2% from $41.7M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of NUM and 4 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 10 added.
The largest buyer was Wells Fargo, adding an estimated $930K. The largest seller was Fiera Capital (Canada), cutting an estimated $393K.
- 45 institutional investors held Nuveen Michigan Quality Municipal Income Fund (NUM) as of Q1 2019, down from 47 in Q4 2018.
- Funds reported $43M of Nuveen Michigan Quality Municipal Income Fund stock for Q1 2019, up 3.2% quarter-over-quarter.
- 4 funds opened new Nuveen Michigan Quality Municipal Income Fund positions in Q1 2019 and 5 closed out, a net change of -1 holder.
- The largest Nuveen Michigan Quality Municipal Income Fund buyer in Q1 2019 was Wells Fargo, an estimated $930K added.
- The largest Nuveen Michigan Quality Municipal Income Fund seller in Q1 2019 was Fiera Capital (Canada), an estimated $393K sold.
Based on aggregated 13F filings for Q1 2019.