Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Stock Price Passes Below 50 Day Moving Average of $10.28

Shares of Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.28 and traded as low as $9.92. Nuveen Massachusetts Quality Municipal Income Fund shares last traded at $9.97, with a volume of 15,275 shares trading hands.

Nuveen Massachusetts Quality Municipal Income Fund Stock Performance

The stock’s 50-day simple moving average is $10.28 and its two-hundred day simple moving average is $10.40.

Nuveen Massachusetts Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.026 per share. This represents a $0.31 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Thursday, September 14th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 328.4% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 160,275 shares of the financial services provider’s stock worth $1,705,000 after purchasing an additional 122,862 shares during the last quarter. Logan Stone Capital LLC bought a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund in the fourth quarter worth about $534,000. Matisse Capital grew its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 177.2% in the first quarter. Matisse Capital now owns 72,634 shares of the financial services provider’s stock worth $773,000 after purchasing an additional 46,427 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 139.3% in the fourth quarter. Raymond James & Associates now owns 69,631 shares of the financial services provider’s stock worth $736,000 after purchasing an additional 40,531 shares during the last quarter. Finally, Moors & Cabot Inc. grew its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 186.7% in the fourth quarter. Moors & Cabot Inc. now owns 43,000 shares of the financial services provider’s stock worth $680,000 after purchasing an additional 28,000 shares during the last quarter. Institutional investors own 11.57% of the company’s stock.

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.