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

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) declared a monthly dividend on Monday, June 1st. Shareholders of record on Monday, June 15th will be paid a dividend of 0.0605 per share by the financial services provider on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Monday, June 15th.

Nuveen Massachusetts Quality Municipal Income Fund Price Performance

Shares of NYSE:NMT opened at $12.95 on Friday. Nuveen Massachusetts Quality Municipal Income Fund has a fifty-two week low of $11.11 and a fifty-two week high of $13.69. The business has a 50-day simple moving average of $12.71 and a two-hundred day simple moving average of $12.04.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. SHP Wealth Management bought a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund during the 4th quarter valued at approximately $29,000. CIBC Private Wealth Group LLC bought a new position in Nuveen Massachusetts Quality Municipal Income Fund in the 4th quarter worth approximately $107,000. Moors & Cabot Inc. boosted its stake in Nuveen Massachusetts Quality Municipal Income Fund by 38.2% in the 3rd quarter. Moors & Cabot Inc. now owns 14,460 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 4,000 shares during the period. Raymond James Financial Inc. boosted its stake in Nuveen Massachusetts Quality Municipal Income Fund by 25.1% in the 2nd quarter. Raymond James Financial Inc. now owns 41,665 shares of the financial services provider’s stock worth $490,000 after purchasing an additional 8,352 shares during the period. Finally, Bank of America Corp DE boosted its stake in Nuveen Massachusetts Quality Municipal Income Fund by 12.2% in the 2nd quarter. Bank of America Corp DE now owns 123,136 shares of the financial services provider’s stock worth $1,448,000 after purchasing an additional 13,370 shares during the period. 16.55% of the stock is currently owned by institutional investors.

About Nuveen Massachusetts Quality Municipal Income Fund

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.