Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Stock Passes Below 50 Day Moving Average of $10.69

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT)’s share price passed 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 changing hands.

Nuveen Massachusetts Quality Municipal Income Fund Stock Down 0.1 %

The business’s 50 day simple moving average is $10.69 and its two-hundred day simple moving average is $10.35.

Nuveen Massachusetts Quality Municipal Income Fund Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Saba Capital Management L.P. raised its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 43.9% in the third quarter. Saba Capital Management L.P. now owns 192,502 shares of the financial services provider’s stock valued at $1,825,000 after purchasing an additional 58,770 shares during the last quarter. Wolverine Asset Management LLC raised its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 23.4% in the fourth quarter. Wolverine Asset Management LLC now owns 50,632 shares of the financial services provider’s stock valued at $532,000 after purchasing an additional 9,612 shares during the last quarter. Melfa Wealth Management LLC raised its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 8.6% in the fourth quarter. Melfa Wealth Management LLC now owns 50,105 shares of the financial services provider’s stock valued at $527,000 after purchasing an additional 3,965 shares during the last quarter. Napa Wealth Management purchased a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund in the fourth quarter valued at about $236,000. Finally, Twin Focus Capital Partners LLC raised its holdings in shares of Nuveen Massachusetts Quality Municipal Income Fund by 26.0% in 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 purchasing an additional 4,103 shares during the last quarter. 16.55% of the stock is owned by institutional investors.

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.