Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Stock Passes Below 50 Day Moving Average of $10.69

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.69 and traded as low as $10.44. Nuveen Massachusetts Quality Municipal Income Fund shares last traded at $10.45, with a volume of 14,053 shares.

Nuveen Massachusetts Quality Municipal Income Fund Stock Down 0.1 %

The business’s fifty day moving average is $10.69 and its two-hundred day moving average is $10.35.

Nuveen Massachusetts Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a $0.0415 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.50 dividend on an annualized basis and a yield of 4.77%.

Hedge Funds Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC bought a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund during the first quarter worth $39,000. PFG Investments LLC bought a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund during the first quarter worth $160,000. Twin Focus Capital Partners LLC boosted its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 26.0% during the fourth quarter. Twin Focus Capital Partners LLC now owns 19,901 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 4,103 shares in the last quarter. Napa Wealth Management bought a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund during the fourth quarter worth $236,000. Finally, Herold Advisors Inc. bought a new stake in Nuveen Massachusetts Quality Municipal Income Fund in the 4th quarter valued at $122,000. 16.55% of the stock is owned by institutional investors.

Nuveen Massachusetts Quality Municipal Income Fund Company Profile

Nuveen Massachusetts Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of Massachusetts, United States. The fund primarily invests in undervalued municipal securities and other related investments which are exempt from regular federal and Massachusetts income taxes.