LeJeune Puetz Investment Counsel LLC decreased its position in Nuveen Mich Qua (NYSE:NUM) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,642 shares of the investment management company’s stock after selling 5,000 shares during the quarter. LeJeune Puetz Investment Counsel LLC’s holdings in Nuveen Mich Qua were worth $899,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Norris Perne & French LLP MI acquired a new stake in Nuveen Mich Qua in the second quarter valued at approximately $137,000. Diversified Portfolios Inc. acquired a new stake in Nuveen Mich Qua in the second quarter valued at approximately $164,000. Cambridge Investment Research Advisors Inc. raised its holdings in Nuveen Mich Qua by 2.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 21,824 shares of the investment management company’s stock valued at $299,000 after acquiring an additional 600 shares in the last quarter. Sigma Planning Corp raised its holdings in Nuveen Mich Qua by 4.5% in the second quarter. Sigma Planning Corp now owns 35,171 shares of the investment management company’s stock valued at $482,000 after acquiring an additional 1,527 shares in the last quarter. Finally, Pointe Capital Management LLC raised its holdings in Nuveen Mich Qua by 0.4% in the second quarter. Pointe Capital Management LLC now owns 82,379 shares of the investment management company’s stock valued at $1,129,000 after acquiring an additional 300 shares in the last quarter. 8.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Nuveen Mich Qua (NUM) traded down 0.07% during mid-day trading on Wednesday, reaching $13.41. 5,203 shares of the company traded hands. Nuveen Mich Qua has a 52-week low of $12.90 and a 52-week high of $14.18. The firm’s 50 day moving average price is $13.69 and its 200-day moving average price is $13.72.

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, October 13th will be given a dividend of $0.0535 per share. This represents a $0.64 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Thursday, October 12th.

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About Nuveen Mich Qua

Nuveen Michigan Quality Income Municipal Fund is a closed-end management investment company. The fund seeks current income exempt from federal and Michigan income tax, as well as the Michigan intangibles tax. The secondary objective is the enhancement of portfolio value. The fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade (Baa/BBB, S&P, Moody’s, or Fitch).

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Institutional Ownership by Quarter for Nuveen Mich Qua (NYSE:NUM)

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