Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT – Get Free Report) announced a monthly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be paid a dividend of $0.0605 per share by the financial services provider on Tuesday, December 1st. This represents a $0.73 annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Friday, November 13th.
Nuveen Massachusetts Quality Municipal Income Fund Stock Down 0.5%
Shares of NYSE:NMT opened at $10.07 on Tuesday. The company has a 50 day moving average of $10.91 and a two-hundred day moving average of $12.02. Nuveen Massachusetts Quality Municipal Income Fund has a 52-week low of $9.70 and a 52-week high of $13.69.
Hedge Funds Weigh In On Nuveen Massachusetts Quality Municipal Income Fund
Institutional investors have recently made changes to their positions in the business. Sax Wealth Advisors LLC boosted its stake in Nuveen Massachusetts Quality Municipal Income Fund by 58.6% during the 3rd quarter. Sax Wealth Advisors LLC now owns 61,018 shares of the financial services provider’s stock valued at $634,000 after acquiring an additional 22,549 shares during the last quarter. Breakwater Capital Group acquired a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund during the 3rd quarter worth approximately $122,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in Nuveen Massachusetts Quality Municipal Income Fund by 64.2% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,245 shares of the financial services provider’s stock worth $224,000 after buying an additional 6,745 shares during the period. Bank of America Corp DE lifted its position in Nuveen Massachusetts Quality Municipal Income Fund by 19.7% in the 1st quarter. Bank of America Corp DE now owns 212,058 shares of the financial services provider’s stock valued at $2,610,000 after purchasing an additional 34,964 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund during the first quarter worth approximately $138,000. 16.55% of the stock is owned by institutional investors and hedge funds.
About Nuveen Massachusetts Quality Municipal Income Fund
Nuveen Massachusetts Quality Municipal Income Fund is a closed-end investment fund traded on the New York Stock Exchange under the symbol NMT. The fund seeks to provide current income that is exempt from regular federal income tax and Massachusetts personal income tax by investing primarily in municipal obligations.
The fund invests in a portfolio of tax-exempt bonds issued by Massachusetts state and local governments, public authorities, and other qualifying entities. These securities may support public infrastructure and essential services, including education, transportation, health care, utilities, and other municipal projects.
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