Nuveen Michigan Quality Income Municipal Fund Stock as Institutional Investors Enter

November 10, 2018 - By Ann Prendergast

Sentiment for Nuveen Michigan Quality Income Municipal Fund (NYSE:NUM)

Nuveen Michigan Quality Income Municipal Fund (NYSE:NUM) institutional sentiment increased to 2 in Q2 2018. Its up 0.12, from 1.88 in 2018Q1. The ratio improved, as 16 institutional investors increased and opened new holdings, while 8 sold and trimmed stakes in Nuveen Michigan Quality Income Municipal Fund. The institutional investors in our partner’s database now own: 1.99 million shares, up from 1.86 million shares in 2018Q1. Also, the number of institutional investors holding Nuveen Michigan Quality Income Municipal Fund in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 7 Increased: 9 New Position: 7.

Nuveen Michigan Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The company has market cap of $251.99 million. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It has a 25.72 P/E ratio. It invests in the fixed income markets of Michigan.

The stock increased 0.30% or $0.04 during the last trading session, reaching $12.27. About 30,661 shares traded. Nuveen Michigan Quality Municip (NYSE:NUM) has declined 9.82% since November 10, 2017 and is downtrending. It has underperformed by 25.44% the S&P500.

Financial & Investment Management Group Ltd holds 0.5% of its portfolio in Nuveen Michigan Quality Municip for 123,807 shares. Aviance Capital Partners Llc owns 24,276 shares or 0.09% of their US portfolio. Moreover, Walter & Keenan Financial Consulting Co Mi Adv has 0.09% invested in the company for 16,000 shares. The New Jersey-based Landscape Capital Management L.L.C. has invested 0.07% in the stock. Chemical Bank, a Michigan-based fund reported 20,059 shares.

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