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

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.0605 per share by the financial services provider on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Wednesday, July 15th.

Nuveen Massachusetts Quality Municipal Income Fund Trading Down 1.3%

Shares of NYSE:NMT opened at $12.82 on Thursday. Nuveen Massachusetts Quality Municipal Income Fund has a twelve month low of $11.11 and a twelve month high of $13.69. The company has a 50-day moving average price of $12.81 and a two-hundred day moving average price of $12.16.

Institutional Trading of Nuveen Massachusetts Quality Municipal Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Nuveen Massachusetts Quality Municipal Income Fund by 60,442.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 848,812 shares of the financial services provider’s stock valued at $9,617,000 after purchasing an additional 847,410 shares during the period. Bank of America Corp DE raised its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 19.7% in the first quarter. Bank of America Corp DE now owns 212,058 shares of the financial services provider’s stock worth $2,610,000 after buying an additional 34,964 shares in the last quarter. LPL Financial LLC raised its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 76.3% in the fourth quarter. LPL Financial LLC now owns 54,959 shares of the financial services provider’s stock worth $623,000 after buying an additional 23,780 shares in the last quarter. Sax Wealth Advisors LLC bought a new stake in Nuveen Massachusetts Quality Municipal Income Fund during the fourth quarter valued at $225,000. Finally, Raymond James Financial Inc. increased its stake in Nuveen Massachusetts Quality Municipal Income Fund by 33.1% in the 3rd quarter. Raymond James Financial Inc. now owns 55,464 shares of the financial services provider’s stock worth $646,000 after acquiring an additional 13,799 shares during the last quarter. Institutional investors own 16.55% of the company’s stock.

Nuveen Massachusetts Quality Municipal Income Fund Company Profile

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.