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Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) stock price falls below its 50-day moving average of $10.66


Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT – Get Free Report) stock price fell below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $10.66 and has traded as low as $10.48. Nuveen Massachusetts Quality Municipal Income Fund shares last traded at $10.48 with volume of 9,219 shares changing hands.

Nuveen Massachusetts Quality Municipal Income Fund trades 1.0% lower

The company's 50-day moving average is $10.66 and its 200-day moving average is $10.55.

Dividend Announcement for Nuveen Massachusetts Quality Municipal Income Fund

The company also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will receive a dividend of $0.0415. The ex-dividend date is Tuesday, May 14th. This represents an annualized dividend of $0.50 and a yield of 4.75%.

Hedge funds comment on Nuveen Massachusetts Quality Municipal Income Fund

A number of large investors have recently added to or reduced their holdings in the company. Blue Bell Private Wealth Management LLC acquired a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund during the first quarter valued at approximately $39,000. Herold Advisors Inc. acquired a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund during the fourth quarter valued at approximately $122,000. Eagle Bay Advisors LLC increased its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 34.0% during the first quarter. Eagle Bay Advisors LLC now owns 13,403 shares of the financial services provider's stock valued at $147,000 after purchasing an additional 3,400 shares during the last quarter. PFG Investments LLC acquired a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund during the first quarter valued at approximately $160,000. Finally, Twin Focus Capital Partners LLC increased its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 26.0% during the fourth quarter. Twin Focus Capital Partners LLC now owns 19,901 shares of the financial services provider's stock valued at $209,000 after acquiring an additional 4,103 shares in the last quarter. Institutional investors own 16.55% of the company's stock.

Nuveen Massachusetts Quality Municipal Income Fund Company Profile

(Get free report)

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

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