Nuveen Minnesota Quality Municipal Income Fund to Issue Monthly Dividend of $0.06 (NYSE:NMS)

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) declared a monthly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be given a dividend of 0.063 per share on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Monday, June 15th.

Nuveen Minnesota Quality Municipal Income Fund Trading Down 0.1%

Shares of NMS stock opened at $12.22 on Tuesday. Nuveen Minnesota Quality Municipal Income Fund has a 1 year low of $11.07 and a 1 year high of $12.49. The business’s fifty day moving average is $12.15 and its 200-day moving average is $12.03.

Institutional Investors Weigh In On Nuveen Minnesota Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. raised its holdings in shares of Nuveen Minnesota Quality Municipal Income Fund by 20.3% in the 2nd quarter. Osaic Holdings Inc. now owns 12,797 shares of the company’s stock worth $146,000 after purchasing an additional 2,157 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Nuveen Minnesota Quality Municipal Income Fund by 73.4% during the 3rd quarter. Raymond James Financial Inc. now owns 33,077 shares of the company’s stock worth $394,000 after acquiring an additional 14,000 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its stake in shares of Nuveen Minnesota Quality Municipal Income Fund by 45.9% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 27,945 shares of the company’s stock worth $328,000 after acquiring an additional 8,790 shares in the last quarter. Access Financial Services Inc. grew its holdings in shares of Nuveen Minnesota Quality Municipal Income Fund by 32.4% in the 4th quarter. Access Financial Services Inc. now owns 30,797 shares of the company’s stock worth $361,000 after acquiring an additional 7,537 shares during the last quarter. Finally, LPL Financial LLC acquired a new stake in shares of Nuveen Minnesota Quality Municipal Income Fund during the fourth quarter worth $148,000.

About Nuveen Minnesota Quality Municipal Income Fund

Nuveen Minnesota Quality Municipal Income Fund (NYSE: NMS) is a closed-end investment company managed by Nuveen, a global asset manager specializing in fixed income and tax-advantaged strategies. The fund’s primary objective is to provide current income exempt from federal and Minnesota state personal income taxes by investing predominantly in municipal securities issued by entities located in or serving the state of Minnesota.

The fund’s portfolio is concentrated in investment-grade general obligation and revenue bonds that finance public projects such as schools, transportation infrastructure, and utilities throughout Minnesota.