Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Declares Monthly Dividend of $0.06

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) declared a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.063 per share on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Tuesday, September 15th.

Nuveen Minnesota Quality Municipal Income Fund Stock Performance

NMS stock traded down $0.22 on Wednesday, reaching $10.66. The company’s stock had a trading volume of 149 shares, compared to its average volume of 17,210. The business has a fifty day simple moving average of $11.74 and a two-hundred day simple moving average of $12.00. Nuveen Minnesota Quality Municipal Income Fund has a 12-month low of $10.56 and a 12-month high of $12.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NMS. Redhawk Wealth Advisors Inc. grew its holdings in shares of Nuveen Minnesota Quality Municipal Income Fund by 4.4% during the second quarter. Redhawk Wealth Advisors Inc. now owns 34,224 shares of the company’s stock valued at $414,000 after buying an additional 1,444 shares during the last quarter. Cetera Investment Advisers lifted its position in Nuveen Minnesota Quality Municipal Income Fund by 118.1% in the 1st quarter. Cetera Investment Advisers now owns 44,534 shares of the company’s stock valued at $543,000 after acquiring an additional 24,119 shares in the last quarter. Virtu Financial LLC purchased a new stake in Nuveen Minnesota Quality Municipal Income Fund during the 4th quarter valued at $133,000. Mariner LLC purchased a new stake in Nuveen Minnesota Quality Municipal Income Fund during the 4th quarter valued at $140,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Nuveen Minnesota Quality Municipal Income Fund by 20.4% in the 4th quarter. Wells Fargo & Company MN now owns 15,896 shares of the company’s stock worth $186,000 after purchasing an additional 2,689 shares in the last quarter.

Nuveen Minnesota Quality Municipal Income Fund Company Profile

Nuveen Minnesota Quality Municipal Income Fund (NYSE: NMS) is a closed-end investment company managed by Nuveen, a global asset manager specializing in fixed income and tax-advantaged strategies. The fund’s primary objective is to provide current income exempt from federal and Minnesota state personal income taxes by investing predominantly in municipal securities issued by entities located in or serving the state of Minnesota.

The fund’s portfolio is concentrated in investment-grade general obligation and revenue bonds that finance public projects such as schools, transportation infrastructure, and utilities throughout Minnesota.