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

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) announced a monthly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be given a dividend of 0.064 per share by the financial services provider on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Friday, May 15th.

Nuveen Massachusetts Quality Municipal Income Fund Trading Up 0.3%

NMT traded up $0.04 during trading on Wednesday, reaching $13.12. 4,435 shares of the company traded hands, compared to its average volume of 22,631. Nuveen Massachusetts Quality Municipal Income Fund has a 12-month low of $11.11 and a 12-month high of $13.69. The firm has a fifty day simple moving average of $12.32 and a 200 day simple moving average of $11.83.

Institutional Trading of Nuveen Massachusetts Quality Municipal Income Fund

Several hedge funds have recently bought and sold shares of the stock. SHP Wealth Management purchased a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund during the fourth quarter valued at about $29,000. Kovack Advisors Inc. purchased a new position in Nuveen Massachusetts Quality Municipal Income Fund during the 4th quarter valued at approximately $132,000. CIBC Private Wealth Group LLC purchased a new position in Nuveen Massachusetts Quality Municipal Income Fund during the 4th quarter valued at approximately $107,000. LPL Financial LLC increased its stake in Nuveen Massachusetts Quality Municipal Income Fund by 76.3% in the 4th quarter. LPL Financial LLC now owns 54,959 shares of the financial services provider’s stock worth $623,000 after acquiring an additional 23,780 shares during the last quarter. Finally, Moors & Cabot Inc. raised its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 51.9% during the 4th quarter. Moors & Cabot Inc. now owns 21,960 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 7,500 shares in the last quarter. Hedge funds and other institutional investors own 16.55% of the company’s stock.

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.