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

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) declared a monthly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be given a dividend of 0.0605 per share by the financial services provider on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date is Friday, August 14th.

Nuveen Massachusetts Quality Municipal Income Fund Stock Down 0.9%

Shares of NYSE NMT opened at $12.54 on Tuesday. The business has a 50-day moving average of $12.76 and a two-hundred day moving average of $12.36. Nuveen Massachusetts Quality Municipal Income Fund has a 1 year low of $11.11 and a 1 year high of $13.69.

Institutional Trading of Nuveen Massachusetts Quality Municipal Income Fund

Several institutional investors have recently modified their holdings of NMT. Northwestern Mutual Wealth Management Co. raised its stake in Nuveen Massachusetts Quality Municipal Income Fund by 60,442.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 848,812 shares of the financial services provider’s stock worth $9,617,000 after acquiring an additional 847,410 shares in the last quarter. Bank of America Corp DE lifted its stake in Nuveen Massachusetts Quality Municipal Income Fund by 19.7% in the first quarter. Bank of America Corp DE now owns 212,058 shares of the financial services provider’s stock valued at $2,610,000 after buying an additional 34,964 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 33.1% during the third quarter. Raymond James Financial Inc. now owns 55,464 shares of the financial services provider’s stock worth $646,000 after acquiring an additional 13,799 shares during the last quarter. LPL Financial LLC raised its position in Nuveen Massachusetts Quality Municipal Income Fund by 76.3% in the 4th quarter. LPL Financial LLC now owns 54,959 shares of the financial services provider’s stock valued at $623,000 after purchasing an additional 23,780 shares during the last quarter. Finally, Sax Wealth Advisors LLC grew its position in Nuveen Massachusetts Quality Municipal Income Fund by 93.5% during the 2nd quarter. Sax Wealth Advisors LLC now owns 38,469 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 18,588 shares during the last quarter. 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 (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.