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

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) declared a monthly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 15th will be given a dividend of 0.063 per share on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

Nuveen Minnesota Quality Municipal Income Fund Stock Performance

Shares of NMS stock opened at $10.68 on Wednesday. The stock’s fifty day moving average is $11.74 and its 200-day moving average is $12.00. Nuveen Minnesota Quality Municipal Income Fund has a 52 week low of $10.58 and a 52 week high of $12.50.

Institutional Trading of Nuveen Minnesota Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of NMS. Virtu Financial LLC purchased a new position in Nuveen Minnesota Quality Municipal Income Fund in the fourth quarter worth $133,000. Mariner LLC bought a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund during the 4th quarter worth $140,000. Artesa Financial Group LLC purchased a new position in shares of Nuveen Minnesota Quality Municipal Income Fund in the 4th quarter worth about $142,000. Osaic Holdings Inc. grew its position in Nuveen Minnesota Quality Municipal Income Fund by 20.3% during the second quarter. Osaic Holdings Inc. now owns 12,797 shares of the company’s stock valued at $146,000 after buying an additional 2,157 shares during the period. Finally, LPL Financial LLC purchased a new stake in Nuveen Minnesota Quality Municipal Income Fund during the fourth quarter worth about $148,000.

About Nuveen Minnesota Quality Municipal Income Fund

Nuveen Minnesota Quality Municipal Income Fund (NYSE: NMS) is a closed-end investment company managed by Nuveen, a global asset manager specializing in fixed income and tax-advantaged strategies. The fund’s primary objective is to provide current income exempt from federal and Minnesota state personal income taxes by investing predominantly in municipal securities issued by entities located in or serving the state of Minnesota.

The fund’s portfolio is concentrated in investment-grade general obligation and revenue bonds that finance public projects such as schools, transportation infrastructure, and utilities throughout Minnesota.