November 16, 2016 - By Marguerite Chambers · 0 Comments
Nuveen Michigan Quality Income Municipal Fund (NYSE:NUM) institutional sentiment increased to 0.72 in Q2 2016. Its up 0.07, from 0.65 in 2016Q1. The ratio improved, as 13 investment professionals opened new and increased holdings, while 18 trimmed and sold stakes in Nuveen Michigan Quality Income Municipal Fund. The investment professionals in our partner’s database now own: 1.11 million shares, down from 1.53 million shares in 2016Q1. Also, the number of investment professionals holding Nuveen Michigan Quality Income Municipal Fund in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 10 Reduced: 8 Increased: 11 New Position: 2.
Nuveen Michigan Quality Income Municipal Fund is a diversified, closed-end management investment company. The company has a market cap of $278.87 million. The Fund seeks to provide current income exempt from both regular federal and designated state income taxes by investing primarily in a portfolio of municipal obligations issued by state and local government authorities within a single state or certain the United States territories. It currently has negative earnings. The Fund invests in various sectors, which include consumer staples, education and civic organizations, healthcare, housing or multifamily, housing or single family, transportation, utilities, and water and sewer.
The stock closed at $13.42 during the last session. It is down 8.21% since April 14, 2016 and is downtrending. It has underperformed by 12.89% the S&P500.
Financial & Investment Management Group Ltd holds 0.29% of its portfolio in Nuveen Michigan Qlity Incom Municipal Fd for 61,253 shares. Walter & Keenan Financial Consulting Co Mi Adv owns 15,825 shares or 0.14% of their US portfolio. Moreover, Mackay Shields Llc has 0.09% invested in the company for 124,070 shares. The Michigan-based Sigma Planning Corp has invested 0.07% in the stock. Planning Alternatives Ltd Adv, a Michigan-based fund reported 11,651 shares.#img1#
Another recent and important Nuveen Michigan Qlity Incom Municipal Fd (NYSE:NUM) news was published by Seekingalpha.com which published an article titled: “A Defined-Term Municipal Bond Fund At A 9% Discount And 5.76% Tax-Exempt Yield” on February 28, 2014.
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By Marguerite Chambers