Nuveen Massachusetts Quality Municipal Income Fund (NMT) to Distribute Monthly Dividend of $0.06 on November 2nd

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.0605 per share by the financial services provider on Monday, November 2nd. This represents a $0.73 annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Thursday, October 15th.

Nuveen Massachusetts Quality Municipal Income Fund Trading Down 2.5%

NYSE NMT opened at $10.23 on Friday. Nuveen Massachusetts Quality Municipal Income Fund has a 12-month low of $10.02 and a 12-month high of $13.69. The firm’s 50 day moving average is $11.96 and its 200-day moving average is $12.40.

Institutional Investors Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NMT. Cetera Investment Advisers acquired a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund during the 1st quarter worth about $138,000. Bank of America Corp DE grew its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 19.7% in the 1st quarter. Bank of America Corp DE now owns 212,058 shares of the financial services provider’s stock valued at $2,610,000 after acquiring an additional 34,964 shares in the last quarter. Sax Wealth Advisors LLC increased its position in shares of 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 acquiring an additional 18,588 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 64.2% in 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 last quarter. Finally, SHP Wealth Management bought a new stake in Nuveen Massachusetts Quality Municipal Income Fund during the fourth quarter worth about $29,000. 16.55% of the stock is currently owned by institutional investors and hedge funds.

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.