Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Stock Passes Below 50 Day Moving Average of $10.70

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) shares passed 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 Price Performance

The stock has a fifty day moving average of $10.70 and a two-hundred day moving average of $10.30.

Nuveen Massachusetts Quality Municipal Income Fund Dividend Announcement

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

Institutional Trading of Nuveen Massachusetts Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of NMT. Eagle Bay Advisors LLC purchased a new stake in shares of Nuveen Massachusetts Quality Municipal Income Fund in the second quarter worth about $30,000. Advisor Group Holdings Inc. increased its stake in Nuveen Massachusetts Quality Municipal Income Fund by 403.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,400 shares of the financial services provider’s stock worth $36,000 after buying an additional 2,725 shares during the period. Virtu Financial LLC acquired a new position in Nuveen Massachusetts Quality Municipal Income Fund in the 4th quarter worth $122,000. Herold Advisors Inc. purchased a new position in Nuveen Massachusetts Quality Municipal Income Fund in the 4th quarter valued at about $122,000. Finally, Advisory Services Network LLC purchased a new position in Nuveen Massachusetts Quality Municipal Income Fund in the first quarter valued at about $151,000. Institutional investors and hedge funds 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.