Nuveen Massachusetts Quality Municipal Income Fund (NMT) to Issue Monthly Dividend of $0.03 on October 2nd

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) declared a monthly dividend on Wednesday, September 6th, Wall Street Journal reports. Stockholders of record on Friday, September 15th will be paid a dividend of 0.026 per share by the financial services provider on Monday, October 2nd. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Thursday, September 14th.

Nuveen Massachusetts Quality Municipal Income Fund Trading Down 0.9 %

NYSE:NMT opened at $10.00 on Friday. The firm’s fifty day moving average price is $10.32 and its 200 day moving average price is $10.42. Nuveen Massachusetts Quality Municipal Income Fund has a 1-year low of $9.90 and a 1-year high of $11.49.

Hedge Funds Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of NMT. Logan Stone Capital LLC purchased a new position in Nuveen Massachusetts Quality Municipal Income Fund in the 4th quarter valued at $534,000. Bank of America Corp DE boosted its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 25.7% during the 1st quarter. Bank of America Corp DE now owns 118,079 shares of the financial services provider’s stock worth $1,502,000 after purchasing an additional 24,162 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund during the 1st quarter worth $295,000. UBS Group AG boosted its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 43.3% during the 2nd quarter. UBS Group AG now owns 75,212 shares of the financial services provider’s stock worth $888,000 after purchasing an additional 22,740 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund during the 1st quarter worth $151,000. 11.57% of the stock is currently owned by hedge funds and other institutional investors.

About Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Massachusetts Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of Massachusetts, United States. The fund primarily invests in undervalued municipal securities and other related investments which are exempt from regular federal and Massachusetts income taxes.