Summary
NMT Chart
Nuveen Massachusetts Quality Municipal Income Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 6,207 | $73,305 | $78,953.04 | $5,648.04 | 7.7% |
 Larry Herold Herold Advisors Inc. | 16,000 | $172,530.85 | $202,880 | $30,349.15 | 17.59% |
| MJ Michelle Johnston 1620 INVESTMENT ADVISORS Inc. | 4,252 | $49,864.16 | $53,107.48 | $3,243.32 | 6.5% |
| VMJ Victor Melfa Jr. MELFA WEALTH MANAGEMENT Inc. | 50,225 | $530,528.76 | $634,844 | $104,315.24 | 19.66% |
| PIL PFG Investments LLC PFG Investments LLC | 16,184 | $181,107.18 | $205,858.86 | $24,751.68 | 13.67% |
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Nuveen Massachusetts Quality Municipal Income Fund Profile
| NYSE Exchange | US Country |
Overview
Nuveen Massachusetts Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. It is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund specifically targets the fixed income markets of Massachusetts, United States, with a primary aim of investing in undervalued municipal securities and related investments that are exempt from regular federal and Massachusetts income taxes. By focusing on investment grade securities rated Baa/BBB or higher by leading credit rating agencies such as S&P, Moody's, or Fitch, the fund utilizes a disciplined approach to portfolio construction.
The management strategy maintains a fundamental analysis framework and a bottom-up stock picking approach. Furthermore, the fund benchmarks its portfolio performance against the Standard & Poor's (S&P) Massachusetts Municipal Bond Index and the Standard & Poor's (S&P) National Municipal Bond Index. Originally known as Nuveen Massachusetts Premium Income Municipal Fund, it was formed on January 12, 1993, and is domiciled in the United States.
Products and Services
- Closed-Ended Mutual Fund:
This investment vehicle allows investors to buy and sell shares in the fund on a stock exchange, providing liquidity for investors while generally focusing on fixed income investments.
- Fixed Income Investments:
The fund invests primarily in municipal securities and other related investments, designed to provide income that is exempt from federal and Massachusetts state income taxes, catering to tax-conscious investors.
- Undervalued Securities Strategy:
By concentrating on undervalued municipal securities, the fund seeks to identify investment opportunities that may yield superior returns compared to their perceived market value.
- Investment Grade Focus:
The fund's strategy includes a commitment to investing in securities rated Baa/BBB or above, ensuring a focus on investment-grade quality to mitigate risk and enhance portfolio stability.
- Fundamental Analysis:
The fund employs a methodical fundamental analysis technique for selection and management of investments, aiming for informed decision-making based on detailed financial assessments.
- Performance Benchmarking:
To evaluate its investment performance, the fund benchmarks against recognized indices such as the S&P Massachusetts Municipal Bond Index and the S&P National Municipal Bond Index, facilitating a clear comparison of results.
