Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Share Price Crosses Below Fifty Day Moving Average of $10.70

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.70 and traded as low as $10.50. Nuveen Massachusetts Quality Municipal Income Fund shares last traded at $10.54, with a volume of 5,504 shares.

Nuveen Massachusetts Quality Municipal Income Fund Stock Performance

The business’s 50 day simple moving average is $10.70 and its 200 day simple moving average is $10.30.

Nuveen Massachusetts Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a $0.0415 dividend. This represents a $0.50 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend is Friday, April 12th.

Institutional Investors Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN grew its stake in Nuveen Massachusetts Quality Municipal Income Fund by 4.6% during the fourth quarter. Wells Fargo & Company MN now owns 27,570 shares of the financial services provider’s stock worth $291,000 after buying an additional 1,200 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 6.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 19,726 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 1,117 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund in the third quarter valued at $211,000. Advisory Services Network LLC bought a new position in shares of Nuveen Massachusetts Quality Municipal Income Fund in the first quarter valued at about $151,000. Finally, Virtu Financial LLC acquired a new position in Nuveen Massachusetts Quality Municipal Income Fund during the 4th quarter worth about $122,000. Institutional investors and hedge funds own 16.55% of the company’s stock.

Nuveen Massachusetts Quality Municipal Income Fund Company Profile

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.