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

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.0605 per share by the financial services provider on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Tuesday, September 15th.

Nuveen Massachusetts Quality Municipal Income Fund Stock Performance

NYSE NMT remained flat at $12.30 during trading hours on Wednesday. 40,556 shares of the company traded hands, compared to its average volume of 11,577. Nuveen Massachusetts Quality Municipal Income Fund has a one year low of $11.11 and a one year high of $13.69. The company’s 50-day moving average is $12.62 and its 200-day moving average is $12.50.

Institutional Investors Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

Several large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its holdings in Nuveen Massachusetts Quality Municipal Income Fund by 60,442.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 848,812 shares of the financial services provider’s stock worth $9,617,000 after acquiring an additional 847,410 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 19.7% during the 1st 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 during the last quarter. LPL Financial LLC grew its stake in shares of Nuveen Massachusetts Quality Municipal Income Fund by 76.3% during the fourth quarter. LPL Financial LLC now owns 54,959 shares of the financial services provider’s stock worth $623,000 after purchasing an additional 23,780 shares in the last quarter. Sax Wealth Advisors LLC increased its holdings in Nuveen Massachusetts Quality Municipal Income Fund by 93.5% in 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 last quarter. Finally, Raymond James Financial Inc. increased its holdings in Nuveen Massachusetts Quality Municipal Income Fund by 33.1% in the third quarter. Raymond James Financial Inc. now owns 55,464 shares of the financial services provider’s stock valued at $646,000 after buying an additional 13,799 shares during the last quarter. 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.