NAD Nuveen Quality Municipal Income Fund Insider Trading

VP Siffermann buys 100 NAD shares at $12.06; 0% timing success rate on prior purchases.

William A Siffermann, Vice President, purchased 100 shares of Nuveen Quality Municipal Income Fund (NAD) at $12.06 on 2026-03-05 for a total value of $1,205.62, bringing his holdings to 1,041 shares (+10.6% vs pre-transaction holdings). This marks his third open-market purchase of NAD; however, his prior two trades at this ticker both underperformed at the 90-day mark (30d -3.9%, 90d -3.7% on the 2025-03-21 buy; 30d +0.4%, 90d -1.1% on the 2023-03-30 buy), with a 0% well-timed rate across NAD purchases. His broader cross-ticker track record shows 7 prior buys with a 90d win rate of 0.00%, underscoring a consistent pattern of purchases that did not appreciate over a three-month horizon. The current price of $12.11 is -1.5% from the 52-week high of $12.30 and +1.1% over 30 days, offering limited context for assessing near-term performance.

Bank of America (10% owner) bought 6,374 shares at $12.00, sold 6,374 at $11.99 same day; exits position.

This filing documents a same-day buy-sell transaction where Bank of America purchased 6,374 shares at $12.00 and immediately sold the identical number at $11.99, resulting in a net loss of $86.05 and zero shares held post-transaction. The trades executed at prices within the 52-week range ($10.78–$12.25), with the current price at $11.99 sitting near the bottom of this band. Given that both legs completed on 2026-01-02 with no position retained, this transaction pattern does not reflect a conviction-driven position change; instead, it appears to be a technical or administrative adjustment. The cross-ticker track record shows positive historical outcomes (12 prior buys with +0.3% avg 30d return, 100% 90d win rate), but this particular filing's back-to-back execution with immediate exit and net loss provides limited signal about NAD's forward prospects.

Bank of America (10% owner) bought 2,103 shares of NAD at $11.09; post-transaction holdings 0 shares.

Bank of America, as a 10% owner, purchased 2,103 shares of Nuveen Quality Municipal Income Fund (NAD) at $11.09 on 2025-04-16, resolving a negative pre-transaction holding of -2,103 shares. The transaction brings holdings to exactly zero, indicating this was a buyback to close out a short or negative position rather than a conviction-driven accumulation. The current price of $11.15 is only $0.06 above the transaction price, placing it -10.2% from the 52-week high of $12.41 and reflecting a -4.5% decline over the past 90 days. Bank of America's broader cross-ticker track record shows 6 prior buys with an average 30-day return of -2.5% and 14 prior sells with an average 30-day return of -2.6%, indicating mixed historical execution that does not suggest a reliable pattern for timing this sector or fund.

VP Siffermann buys 300 shares of NAD at $11.61, +70.7% vs prior holdings; stock now at $11.65, -6.1% from 52-week high.

Siffermann purchased 300 shares at $11.61 on 2025-03-21, increasing his position from 424 to 724 shares (+70.7% growth in holdings). The transaction totaled $3,481.68. The stock currently trades at $11.65, only 0.3% above the purchase price, reflecting modest recent stability. However, the position enters a backdrop where NAD trades 6.1% below its 52-week high ($12.41) and has declined 1.9% over the past 30 days. Reviewing his same-ticker history at NAD, a prior buy on 2023-03-30 generated negative returns at both 30-day (+0.4%) and 90-day (-1.1%) horizons, establishing a pattern of suboptimal entry timing at this security. His cross-ticker track record shows 0 of 2 prior buys resulted in positive 90-day returns, with an average 90-day outcome of -1.1%.

Bank of America (10% owner) buys 800 shares at $11.71, sells 800 shares at $11.66 same day in NAD, exiting to 0 shares.

Bank of America executed 2 offsetting transactions in Nuveen Quality Municipal Income Fund on 2025-01-15: a purchase of 800 shares at $11.71 ($9,368.00) and a same-day sale of 800 shares at $11.66 ($9,328.00), resulting in zero post-transaction holdings. The matched buy-sell structure with minimal price separation ($0.05 per share) and zero resulting position suggests operational or administrative processing rather than a discretionary investment decision. Against Bank of America's cross-ticker track record of 3 prior buys versus 17 prior sells, this filing adds to a strong pattern of net selling activity by the filer. The current price of $11.67 sits between the two transaction prices, placing the fund at -6.0% from its 52-week high.

Bank of America (10% owner) bought 23,855 shares of NAD at $12.68 on 2014-01-03, then sold 16,555 shares at $12.97–$13.04 on 2014-01-06 to 2014-01-07.

Bank of America's Form 4 filing shows 2 purchases totaling 23,955 shares for $303,789.39 and 28 separate sales totaling 16,555 shares for $215,382.67 across a three-day window (2014-01-03 through 2014-01-07). The net result is that pre-transaction holdings of -7,400 shares moved to 0 shares post-transaction—a correction of a short position rather than a directional bet. Transaction prices ($12.68 buy, $12.97–$13.04 sell range) occurred while the 52-week high was $12.41, meaning the insider bought near and sold above recent highs. This pattern—closing a negative holding balance through rapid buy-and-sell activity—is distinct from discretionary conviction-driven trading and reflects balance-sheet mechanics rather than market timing signals.

Bank of America (10% owner) bought 75 shares at $12.32, sold 75 shares at $12.34 same day in Nuveen Quality Municipal Income Fund (NAD).

Bank of America executed 2 offsetting transactions in NAD on 2024-12-03, purchasing 75 shares at $12.32 ($924.38) and immediately selling 75 shares at $12.34 ($925.58), resulting in zero net position change. The minimal 0.16% spread between buy and sell prices ($12.32 to $12.34) and same-day execution indicate a tactical, tight-margin transaction rather than a directional conviction move. Given that the post-transaction holding is 0 shares, this filing reflects a matched pair with no lasting exposure, consistent with potential portfolio rebalancing mechanics rather than a strategic position accumulation.

Robert Young L purchased 16,977 shares of NAD at $11.78 (July 2, 2024), doubling holdings to 32,727 shares; strong prior timing track record.

Robert Young L purchased 16,977 shares of Nuveen Quality Municipal Income Fund (NAD) at $11.78 on 2024-07-02 for $199,989.06, increasing his holdings by 107.8% from 15,750 to 32,727 shares. His cross-ticker track record shows 3 prior open-market buys with a 100.00% 90-day win rate and average 90-day returns of +3.4%, and his single prior purchase at NAD on 2023-11-17 returned +5.6% over 90 days—demonstrating consistent pattern of well-timed entries at this ticker and across his portfolio. The current price of $11.76 is -0.4% from the 52-week high of $11.81 and reflects a 30-day gain of +4.6%, placing the insider's entry near recent strength in the municipal income space. This large, discrete accumulation by an insider with demonstrated timing accuracy warrants investor attention to NAD's relative value proposition and dividend sustainability.