Nuveen Massachusetts Quality Municipal Income Fund (NMT) To Go Ex-Dividend on January 15th

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Thursday, January 15th will be given a dividend of 0.064 per share by the financial services provider on Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend is Thursday, January 15th.

Nuveen Massachusetts Quality Municipal Income Fund Stock Performance

Shares of NMT traded up $0.01 during mid-day trading on Tuesday, reaching $11.49. 11,737 shares of the company’s stock were exchanged, compared to its average volume of 23,414. The business’s fifty day simple moving average is $11.47 and its 200-day simple moving average is $11.49. Nuveen Massachusetts Quality Municipal Income Fund has a 52-week low of $10.90 and a 52-week high of $12.33.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NMT. ST Germain D J Co. Inc. purchased a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund in the second quarter valued at about $47,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Nuveen Massachusetts Quality Municipal Income Fund in the 2nd quarter valued at about $120,000. Moors & Cabot Inc. purchased a new stake in Nuveen Massachusetts Quality Municipal Income Fund during the 2nd quarter valued at approximately $123,000. Sax Wealth Advisors LLC purchased a new stake in Nuveen Massachusetts Quality Municipal Income Fund during the 4th quarter valued at approximately $225,000. Finally, PFG Investments LLC lifted its position in Nuveen Massachusetts Quality Municipal Income Fund by 10.7% during the 2nd quarter. PFG Investments LLC now owns 20,216 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 1,953 shares during the period. 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 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.