Nuveen Michigan Quality Municipal Income Fund
NUM
NUM was delisted on the 5th of February, 2021.
44 hedge funds and large institutions have $53M invested in Nuveen Michigan Quality Municipal Income Fund in 2020 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 7 reducing their positions, and 4 closing their positions.
171% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 7
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
0.57% more ownership
Funds ownership: 18.95% → 19.52% (+0.57%)
0% more funds holding
Funds holding: 44 → 44 (0)
2% less capital invested
Capital invested by funds: $54.2M → $53M (-$1.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.5M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$413K |
| 3 |
RIA
Realta Investment Advisors
Wilmington,
Delaware
|
+$367K |
| 4 |
Goldman Sachs
New York
|
+$213K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$153K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.88M |
| 2 |
WKWM
Walter & Keenan Wealth Management
Souh Bend,
Indiana
|
-$276K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$168K |
| 4 |
PA
Planning Alternatives
Birmingham,
Michigan
|
-$165K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$44K |
NUM Hedge Fund Activity: Q1 2020 in Review
44 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Nuveen Michigan Quality Municipal Income Fund (NUM) for Q1 2020, worth a combined $53M — down 2.2% from $54.2M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new NUM positions and 4 closed out — a net gain of 2 holders — while 19 added to existing stakes and 7 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $2.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.88M.
- 44 institutional investors held Nuveen Michigan Quality Municipal Income Fund (NUM) as of Q1 2020, unchanged from Q4 2019.
- Funds reported $53M of Nuveen Michigan Quality Municipal Income Fund stock for Q1 2020, down 2.2% quarter-over-quarter.
- 6 funds opened new Nuveen Michigan Quality Municipal Income Fund positions in Q1 2020 and 4 closed out, a net change of +2 holders.
- The largest Nuveen Michigan Quality Municipal Income Fund buyer in Q1 2020 was Robinson Capital Management, an estimated $2.5M added.
- The largest Nuveen Michigan Quality Municipal Income Fund seller in Q1 2020 was Rivernorth Capital Management, an estimated $1.88M sold.
Based on aggregated 13F filings for Q1 2020.