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 Monday, February 2nd. Stockholders of record on Friday, February 13th will be given a dividend of 0.064 per share by the financial services provider on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Friday, February 13th.

Nuveen Massachusetts Quality Municipal Income Fund Stock Up 0.2%

Shares of NMT traded up $0.03 during midday trading on Tuesday, reaching $11.72. The stock had a trading volume of 7,612 shares, compared to its average volume of 24,159. The firm’s 50 day moving average price is $11.49 and its 200-day moving average price is $11.48. Nuveen Massachusetts Quality Municipal Income Fund has a 52 week low of $10.90 and a 52 week high of $12.33.

Institutional Trading of Nuveen Massachusetts Quality Municipal Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PFG Investments LLC raised its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 10.7% in the 2nd quarter. PFG Investments LLC now owns 20,216 shares of the financial services provider’s stock worth $238,000 after buying an additional 1,953 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in Nuveen Massachusetts Quality Municipal Income Fund during the 4th quarter worth about $25,000. Moors & Cabot Inc. lifted its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 38.2% during the third quarter. Moors & Cabot Inc. now owns 14,460 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 4,000 shares in the last quarter. Brookwood Investment Group LLC increased its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 40.7% in the second quarter. Brookwood Investment Group LLC now owns 22,460 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in Nuveen Massachusetts Quality Municipal Income Fund by 25.1% during the 2nd quarter. Raymond James Financial Inc. now owns 41,665 shares of the financial services provider’s stock worth $490,000 after buying an additional 8,352 shares in the last quarter. 16.55% of the stock is currently owned by institutional investors and hedge funds.

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.