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

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Thursday, October 15th will be given a dividend of $0.0605 per share by the financial services provider on Monday, November 2nd. This represents a $0.73 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Thursday, October 15th.

Nuveen Massachusetts Quality Municipal Income Fund Price Performance

Shares of Nuveen Massachusetts Quality Municipal Income Fund stock opened at $10.54 on Friday. The business has a 50-day moving average price of $12.01 and a 200 day moving average price of $12.41. Nuveen Massachusetts Quality Municipal Income Fund has a fifty-two week low of $10.02 and a fifty-two week high of $13.69.

Hedge Funds Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

Large investors have recently bought and sold shares of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake 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 worth $224,000 after acquiring an additional 6,745 shares during the period. Sax Wealth Advisors LLC raised its position in 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 period. Bank of America Corp DE lifted 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 purchasing an additional 34,964 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund during the 1st quarter valued at $138,000. Finally, SHP Wealth Management acquired a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund in the fourth quarter worth $29,000. Institutional investors and hedge funds 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 designed to provide current income that is exempt from regular federal income tax and Massachusetts state income tax. The fund invests primarily in municipal securities issued by or on behalf of the Commonwealth of Massachusetts and its political subdivisions, agencies and public authorities.

NMT’s portfolio may include general obligation bonds, revenue bonds and other tax-exempt municipal debt used to finance public infrastructure and services.