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

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) announced a monthly dividend on Monday, August 3rd. Stockholders 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 dividend yield of 5.8%. The ex-dividend date is Friday, August 14th.

Nuveen Massachusetts Quality Municipal Income Fund Stock Performance

Shares of NMT opened at $12.54 on Tuesday. The company’s 50 day simple moving average is $12.76 and its 200-day simple moving average is $12.36. Nuveen Massachusetts Quality Municipal Income Fund has a 12-month low of $11.11 and a 12-month high of $13.69.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NMT. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 buying an additional 847,410 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of 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 in the last quarter. LPL Financial LLC boosted its stake in shares of Nuveen Massachusetts Quality Municipal Income Fund by 76.3% in the fourth quarter. LPL Financial LLC now owns 54,959 shares of the financial services provider’s stock valued at $623,000 after buying an additional 23,780 shares in the last quarter. Sax Wealth Advisors LLC grew its holdings in Nuveen Massachusetts Quality Municipal Income Fund by 93.5% during the second quarter. Sax Wealth Advisors LLC now owns 38,469 shares of the financial services provider’s stock worth $474,000 after acquiring an additional 18,588 shares during the period. Finally, Raymond James Financial Inc. raised its position in Nuveen Massachusetts Quality Municipal Income Fund by 33.1% in 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 in the last quarter. 16.55% of the stock is owned by hedge funds and other 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.