Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Share Price Crosses Below 50-Day Moving Average of $10.69

Shares of Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.69 and traded as low as $10.44. Nuveen Massachusetts Quality Municipal Income Fund shares last traded at $10.45, with a volume of 14,053 shares.

Nuveen Massachusetts Quality Municipal Income Fund Stock Performance

The company’s 50 day moving average price is $10.69 and its 200-day moving average price is $10.34.

Nuveen Massachusetts Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a dividend of $0.0415 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.50 annualized dividend and a dividend yield of 4.77%.

Institutional Investors Weigh In On Nuveen Massachusetts Quality Municipal Income Fund

Several large investors have recently modified their holdings of NMT. Saba Capital Management L.P. increased its stake in shares of Nuveen Massachusetts Quality Municipal Income Fund by 43.9% during the 3rd quarter. Saba Capital Management L.P. now owns 192,502 shares of the financial services provider’s stock worth $1,825,000 after purchasing an additional 58,770 shares during the last quarter. Melfa Wealth Management LLC increased its stake in shares of Nuveen Massachusetts Quality Municipal Income Fund by 8.6% during the 4th quarter. Melfa Wealth Management LLC now owns 50,105 shares of the financial services provider’s stock worth $527,000 after purchasing an additional 3,965 shares during the last quarter. Wolverine Asset Management LLC increased its stake in shares of Nuveen Massachusetts Quality Municipal Income Fund by 23.4% during the 4th quarter. Wolverine Asset Management LLC now owns 50,632 shares of the financial services provider’s stock worth $532,000 after purchasing an additional 9,612 shares during the last quarter. Herold Advisors Inc. purchased a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund during the 4th quarter worth approximately $122,000. Finally, Napa Wealth Management purchased a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund during the 4th quarter worth approximately $236,000. Hedge funds and other institutional investors own 16.55% 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.