Nuveen Massachusetts Quality Municipal Income Fund (NMT) to Issue Monthly Dividend of $0.03 on March 1st

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMTGet Free Report) declared a monthly dividend on Thursday, February 1st, NASDAQ reports. Shareholders of record on Thursday, February 15th will be paid a dividend of 0.031 per share by the financial services provider on Friday, March 1st. This represents a $0.37 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Wednesday, February 14th.

Nuveen Massachusetts Quality Municipal Income Fund Price Performance

Shares of NYSE NMT opened at $10.58 on Monday. Nuveen Massachusetts Quality Municipal Income Fund has a 12 month low of $9.05 and a 12 month high of $11.26. The stock has a 50-day moving average price of $10.53 and a two-hundred day moving average price of $10.10.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Eagle Bay Advisors LLC acquired a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund in the second quarter valued at approximately $30,000. Advisor Group Holdings Inc. increased its position in Nuveen Massachusetts Quality Municipal Income Fund by 403.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,400 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 2,725 shares during the period. Virtu Financial LLC acquired a new stake in Nuveen Massachusetts Quality Municipal Income Fund during the 4th quarter valued at approximately $122,000. Advisory Services Network LLC acquired a new stake in Nuveen Massachusetts Quality Municipal Income Fund during the 1st quarter valued at approximately $151,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in Nuveen Massachusetts Quality Municipal Income Fund by 6.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 19,726 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 1,117 shares during the period. Institutional investors and hedge funds own 11.57% of the company’s stock.

About Nuveen Massachusetts Quality Municipal Income Fund

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Nuveen Massachusetts Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of Massachusetts, United States. The fund primarily invests in undervalued municipal securities and other related investments which are exempt from regular federal and Massachusetts income taxes.

See Also

Dividend History for Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT)

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