Nuveen Massachusetts Quality Municipal Income Fund Announces Monthly Dividend of $0.06 (NYSE:NMT)

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) announced a monthly dividend on Friday, January 2nd. Investors of record on Thursday, January 15th will be paid a dividend of 0.064 per share by the financial services provider on Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date is Thursday, January 15th.

Nuveen Massachusetts Quality Municipal Income Fund Price Performance

NYSE NMT traded up $0.03 during trading on Tuesday, hitting $11.51. 2,413 shares of the company’s stock traded hands, compared to its average volume of 23,261. Nuveen Massachusetts Quality Municipal Income Fund has a 12-month low of $10.90 and a 12-month high of $12.33. The business has a 50 day moving average of $11.47 and a 200-day moving average of $11.49.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Sax Wealth Advisors LLC bought a new stake in Nuveen Massachusetts Quality Municipal Income Fund during the 4th quarter valued at $225,000. Moors & Cabot Inc. grew its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 38.2% in the third quarter. Moors & Cabot Inc. now owns 14,460 shares of the financial services provider’s stock valued at $168,000 after purchasing an additional 4,000 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Nuveen Massachusetts Quality Municipal Income Fund by 25.7% during the 3rd quarter. Bank of America Corp DE now owns 154,722 shares of the financial services provider’s stock valued at $1,803,000 after purchasing an additional 31,586 shares during the period. Raymond James Financial Inc. lifted its holdings in Nuveen Massachusetts Quality Municipal Income Fund by 33.1% during the 3rd quarter. Raymond James Financial Inc. now owns 55,464 shares of the financial services provider’s stock worth $646,000 after purchasing an additional 13,799 shares in the last quarter. Finally, Tableaux LLC bought a new position in Nuveen Massachusetts Quality Municipal Income Fund in the 2nd quarter worth about $1,393,000. 16.55% of the stock is currently owned by hedge funds and other institutional investors.

About Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) is a closed-end management investment company that seeks to provide shareholders with a high level of current income that is exempt from regular U.S. federal income tax. The fund primarily invests in investment-grade municipal securities, with an emphasis on bonds issued by state and local governments and agencies in Massachusetts. Its portfolio includes general obligation bonds, revenue bonds, and other municipal debt instruments that meet the fund’s credit quality standards.

As part of the Nuveen family of investment products, the fund is managed by Nuveen’s municipal fixed income team.