Nuveen Massachusetts Quality Municipal Income Fund (NMT) to Distribute Monthly Dividend of $0.06 on October 1st

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.0605 per share by the financial services provider on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Tuesday, September 15th.

Nuveen Massachusetts Quality Municipal Income Fund Price Performance

Nuveen Massachusetts Quality Municipal Income Fund stock opened at $12.35 on Thursday. Nuveen Massachusetts Quality Municipal Income Fund has a 1 year low of $11.11 and a 1 year high of $13.69. The firm has a 50-day moving average of $12.62 and a two-hundred day moving average of $12.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 64.2% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,245 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 6,745 shares in the last quarter. Sax Wealth Advisors LLC lifted its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 93.5% during the second quarter. Sax Wealth Advisors LLC now owns 38,469 shares of the financial services provider’s stock valued at $474,000 after buying an additional 18,588 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 19.7% in the 1st quarter. Bank of America Corp DE now owns 212,058 shares of the financial services provider’s stock valued at $2,610,000 after buying an additional 34,964 shares in the last quarter. Cetera Investment Advisers purchased a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund in the 1st quarter worth approximately $138,000. Finally, SHP Wealth Management purchased a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund in the 4th quarter worth approximately $29,000. 16.55% of the stock is currently owned by institutional investors.

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.