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

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) announced a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be paid a dividend of 0.0605 per share by the financial services provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Friday, August 14th.

Nuveen Massachusetts Quality Municipal Income Fund Stock Performance

Shares of NMT opened at $12.54 on Tuesday. The firm’s fifty day simple moving average is $12.76 and its 200-day simple moving average is $12.36. Nuveen Massachusetts Quality Municipal Income Fund has a twelve month low of $11.11 and a twelve month high of $13.69.

Institutional Trading of Nuveen Massachusetts Quality Municipal Income Fund

A number of institutional investors have recently bought and sold shares of NMT. Eagle Bay Advisors LLC purchased a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund in the 4th quarter valued at about $25,000. SHP Wealth Management acquired a new position in Nuveen Massachusetts Quality Municipal Income Fund in the fourth quarter valued at approximately $29,000. CIBC Private Wealth Group LLC purchased a new position in Nuveen Massachusetts Quality Municipal Income Fund in the fourth quarter valued at approximately $107,000. Cetera Investment Advisers acquired a new stake in Nuveen Massachusetts Quality Municipal Income Fund during the first quarter worth approximately $138,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund during the 4th quarter worth approximately $131,000. 16.55% of the stock is owned by hedge funds and other 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.