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.
VP Siffermann buys 100 shares of JRS at $8.11; holdings rise to 485 shares (+25.9%)
Siffermann purchased 100 shares at $8.11, raising his position from 385 to 485 shares, a 25.9% increase in holdings. The purchase price of $8.11 is above the current price of $7.97 and near the top of the 52-week range ($6.92–$8.88), representing a -10.2% gap to the 52-week high. However, the broader context of his cross-ticker track record shows 7 prior buys with an average 90-day return of -4.2% and a 90-day win rate of 0.00%, indicating this insider's prior purchases have not generated positive near-term returns. The transaction itself is modest in absolute value ($811.25) and does not reveal a clear conviction signal against this unfavorable track record backdrop.
William A Siffermann, Vice President, purchased 100 shares of NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND (NMZ) at $10.48 on 2026-03-05, bringing his holdings to 913 shares. The transaction represents a 12.3% increase relative to pre-transaction holdings of 813 shares. Siffermann's cross-ticker open-market buy track record shows 7 prior purchases with an average 90-day return of -4.2% and a 0.00% win rate, indicating that his recent buys have not outperformed. His single prior purchase of NMZ on 2025-03-21 also underperformed, returning -7.6% over 90 days, with 0 of 1 prior NMZ buys achieving positive 90-day returns. The current price of $10.58 sits 6.2% below the 52-week high, providing limited margin-of-safety context for the transaction timing or conviction signal.
VP Siffermann buys 75 shares of NBB at $16.20; holdings increase to 615 shares (+13.9%)
Siffermann William A, Vice President, purchased 75 shares of Nuveen Taxable Municipal Income Fund (NBB) at $16.20 on 2026-03-04, expanding his position from 540 to 615 shares (+13.9%). The purchase occurred near the upper end of the fund's 52-week range ($14.83–$16.57), just 1.37 percentage points below the high. Notably, across his open-market history on all tickers, Siffermann's 7 prior buys averaged a 90-day return of -4.2% with a 90d win rate of 0.00%, indicating a consistent pattern of purchases that declined in value over the subsequent three-month period. This transaction follows that historical pattern and does not represent an outlier from his typical execution results.
VP Siffermann bought 75 shares of NMAI at $13.44 on 2026-03-04; holds 330 post-transaction.
Siffermann purchased 75 shares at $13.44, a modest $1,008.00 transaction that increases his stake by 29.4% to 330 shares. The purchase occurred near the upper end of the 52-week range ($10.75–$13.88) and is now trading 6.1% below the 52-week high at $13.03. His cross-ticker track record shows 7 prior buys with uniformly negative average returns: -3.4% over 30 days and -4.2% over 90 days, with a 0.00% win rate. The confluence of a small absolute dollar amount, a near-high entry price, and a consistent pattern of underwater purchases in his historical record suggests this addition warrants investor scrutiny to understand the fund's strategic position and Siffermann's conviction level relative to his demonstrated outcomes.
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%.
Siffermann purchased 300 shares of the municipal bond fund at $11.08 on 2025-03-21, nearly doubling his prior holding of 309 shares to 609 shares. The transaction value was $3,322.50—a modest absolute dollar commitment. The current price of $11.09 is nearly flat to the purchase price and sits -6.2% from the 52-week high of $11.82, placing the buy near recent lows but not at an extreme discount. Across his open-market history on all tickers, Siffermann's track record shows 2 prior buys with a 90-day win rate of 0.00% and an average 90-day return of -1.1%, indicating his prior buy timing has not translated to near-term gains. This buy represents a measurable increase in position size but modest in capital terms and occurs against a backdrop of limited prior success with discretionary purchase timing.
