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

Key Points

• The Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) announced a monthly dividend of $0.06 per share, with stockholders on record by October 15th eligible for payment on November 3rd.
• As of the article's date, NMT shares had decreased by 0.3%, trading at $11.61, with a 12-month range between $10.90 and $12.33.
• Institutional investors and hedge funds have recently shown interest in NMT, with several purchasing new positions, resulting in these investors owning 16.55% of the fund's stock.

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT - Get Free Report) announced a monthly dividend on Wednesday, October 1st. Stockholders of record on Wednesday, October 15th will be paid a dividend of 0.064 per share by the financial services provider on Monday, November 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Wednesday, October 15th.

Nuveen Massachusetts Quality Municipal Income Fund Stock Down 0.3%

Shares of NYSE:NMT traded down $0.04 during trading on Thursday, reaching $11.61. 814 shares of the stock were exchanged, compared to its average volume of 18,818. Nuveen Massachusetts Quality Municipal Income Fund has a 12-month low of $10.90 and a 12-month high of $12.33. The firm's 50-day moving average price is $11.42 and its 200 day moving average price is $11.63.

Hedge Funds Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Grove Bank & Trust purchased a new position in Nuveen Massachusetts Quality Municipal Income Fund in the 1st quarter worth approximately $36,000. ST Germain D J Co. Inc. purchased a new position in Nuveen Massachusetts Quality Municipal Income Fund in the 2nd quarter worth approximately $47,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Nuveen Massachusetts Quality Municipal Income Fund in the 2nd quarter worth approximately $120,000. Private Advisor Group LLC purchased a new position in Nuveen Massachusetts Quality Municipal Income Fund in the 1st quarter worth approximately $120,000. Finally, Moors & Cabot Inc. purchased a new position in Nuveen Massachusetts Quality Municipal Income Fund in the 2nd quarter worth approximately $123,000. Hedge funds and other institutional investors own 16.55% of the company's stock.

About Nuveen Massachusetts Quality Municipal Income Fund

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.

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