Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT - Get Free Report) declared a monthly dividend on Monday, April 1st, Wall Street Journal reports. Shareholders of record on Monday, April 15th will be paid a dividend of 0.0415 per share by the financial services provider on Wednesday, May 1st. This represents a $0.50 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend is Friday, April 12th.
Nuveen Massachusetts Quality Municipal Income Fund Trading Down 0.4 %
Shares of NMT stock traded down $0.04 on Wednesday, reaching $10.81. 27,500 shares of the stock were exchanged, compared to its average volume of 17,067. The firm has a 50 day moving average of $10.70 and a two-hundred day moving average of $10.24. Nuveen Massachusetts Quality Municipal Income Fund has a 1-year low of $9.05 and a 1-year high of $10.95.
Institutional Trading of Nuveen Massachusetts Quality Municipal Income Fund
A number of institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG boosted its position in Nuveen Massachusetts Quality Municipal Income Fund by 1.5% during the 3rd quarter. UBS Group AG now owns 72,523 shares of the financial services provider's stock worth $688,000 after purchasing an additional 1,088 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in Nuveen Massachusetts Quality Municipal Income Fund by 6.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 19,726 shares of the financial services provider's stock worth $251,000 after purchasing an additional 1,117 shares during the period. Wells Fargo & Company MN boosted its position in Nuveen Massachusetts Quality Municipal Income Fund by 4.6% in the 4th quarter. Wells Fargo & Company MN now owns 27,570 shares of the financial services provider's stock valued at $291,000 after buying an additional 1,200 shares during the last quarter. Bank of America Corp DE boosted its position in Nuveen Massachusetts Quality Municipal Income Fund by 2.2% in the 4th quarter. Bank of America Corp DE now owns 85,724 shares of the financial services provider's stock valued at $906,000 after buying an additional 1,812 shares during the last quarter. Finally, Eagle Bay Advisors LLC purchased a new position in Nuveen Massachusetts Quality Municipal Income Fund in the 2nd quarter valued at about $30,000. 16.55% of the stock is currently owned by institutional investors and hedge funds.
About Nuveen Massachusetts Quality Municipal Income Fund
(
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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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