Nuveen Massachusetts Quality Municipal Income Fund (NMT) To Go Ex-Dividend on November 13th

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) declared a monthly dividend on Monday, November 2nd. Investors of record on Friday, November 13th will be paid a dividend of $0.0605 per share by the financial services provider on Tuesday, December 1st. This represents a $0.73 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Friday, November 13th.

Nuveen Massachusetts Quality Municipal Income Fund Stock Down 0.3%

Shares of NMT stock opened at $10.04 on Wednesday. Nuveen Massachusetts Quality Municipal Income Fund has a 1 year low of $9.70 and a 1 year high of $13.69. The firm’s fifty day simple moving average is $10.86 and its 200 day simple moving average is $12.01.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 19.7% during the first 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 during the last quarter. Sax Wealth Advisors LLC grew its position in Nuveen Massachusetts Quality Municipal Income Fund by 58.6% during the third quarter. Sax Wealth Advisors LLC now owns 61,018 shares of the financial services provider’s stock worth $634,000 after buying an additional 22,549 shares in the last quarter. Breakwater Capital Group acquired a new stake in Nuveen Massachusetts Quality Municipal Income Fund during the third quarter worth about $122,000. Cetera Investment Advisers bought a new position in Nuveen Massachusetts Quality Municipal Income Fund during the first quarter valued at about $138,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in Nuveen Massachusetts Quality Municipal Income Fund by 64.2% during the second 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 acquiring an additional 6,745 shares during the period. Institutional investors own 16.55% of the company’s stock.

Nuveen Massachusetts Quality Municipal Income Fund Company Profile

Nuveen Massachusetts Quality Municipal Income Fund is a closed-end investment fund traded on the New York Stock Exchange under the symbol NMT. The fund seeks to provide current income that is exempt from regular federal income tax and Massachusetts personal income tax by investing primarily in municipal obligations.

The fund invests in a portfolio of tax-exempt bonds issued by Massachusetts state and local governments, public authorities, and other qualifying entities. These securities may support public infrastructure and essential services, including education, transportation, health care, utilities, and other municipal projects.