Nuveen Michigan Quality Municipal Income Fund
NUM
NUM was delisted on the 5th of February, 2021.
44 hedge funds and large institutions have $54.2M invested in Nuveen Michigan Quality Municipal Income Fund in 2019 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 5 reducing their positions, and 5 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 5
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
8% more capital invested
Capital invested by funds: $50.3M → $54.2M (+$3.92M)
1.41% more ownership
Funds ownership: 17.54% → 18.95% (+1.4%)
0% more funds holding
Funds holding: 44 → 44 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.64M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.46M |
| 3 |
Morgan Stanley
New York
|
+$647K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$262K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$143K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$786K |
| 2 |
TFCP
Twin Focus Capital Partners
Boston,
Massachusetts
|
-$344K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$288K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$48.4K |
| 5 |
Mercer Global Advisors
Denver,
Colorado
|
-$35.1K |
NUM Hedge Fund Activity: Q4 2019 in Review
44 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Nuveen Michigan Quality Municipal Income Fund (NUM) for Q4 2019, worth a combined $54.2M — up 7.8% from $50.3M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new NUM positions and 5 closed out — a net gain of 1 holder — while 20 added to existing stakes and 5 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $1.64M. The largest seller was Saba Capital Management, cutting an estimated $786K.
- 44 institutional investors held Nuveen Michigan Quality Municipal Income Fund (NUM) as of Q4 2019, unchanged from Q3 2019.
- Funds reported $54.2M of Nuveen Michigan Quality Municipal Income Fund stock for Q4 2019, up 7.8% quarter-over-quarter.
- 6 funds opened new Nuveen Michigan Quality Municipal Income Fund positions in Q4 2019 and 5 closed out, a net change of +1 holder.
- The largest Nuveen Michigan Quality Municipal Income Fund buyer in Q4 2019 was Rivernorth Capital Management, an estimated $1.64M added.
- The largest Nuveen Michigan Quality Municipal Income Fund seller in Q4 2019 was Saba Capital Management, an estimated $786K sold.
Based on aggregated 13F filings for Q4 2019.