NMT Stock Overview
About the company
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. It seeks to invest in investment grade securities that are rated Baa/BBB or above by S&P, Moody’s, or Fitch. The fund employs fundamental analysis with a focus on bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the Standard & Poor’s (S&P) Massachusetts Municipal Bond Index and Standard & Poor’s (S&P) National Municipal Bond Index. The fund was formerly known as Nuveen Massachusetts Premium Income Municipal Fund. Nuveen Massachusetts Quality Municipal Income Fund was formed on January 12, 1993 and is domiciled in the United States.
Snowflake Analysis
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
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Nuveen Massachusetts Quality Municipal Income Fund Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$10.44 |
| 52 Week High | US$12.97 |
| 52 Week Low | US$9.90 |
| Beta | 0.33 |
| 1 Month Change | -3.78% |
| 3 Month Change | -1.79% |
| 1 Year Change | -16.28% |
| 3 Year Change | -22.67% |
| 5 Year Change | -19.20% |
| Change since IPO | -30.40% |
Recent News & Updates
Nuveen Massachusetts Quality Municipal Income Fund declares $0.026 dividend
Feb 07Nuveen Massachusetts Quality Municipal Income Fund declares $0.0335 dividend
Dec 06Nuveen Massachusetts Quality Municipal Income Fund declares $0.0335 dividend
Nov 04Nuveen Massachusetts Quality Municipal Income Fund reduces dividend by 14.1%
Oct 06Nuveen Massachusetts Quality Municipal Income Fund declares $0.039 dividend
Sep 02Recent updates
Nuveen Massachusetts Quality Municipal Income Fund declares $0.026 dividend
Feb 07Nuveen Massachusetts Quality Municipal Income Fund declares $0.0335 dividend
Dec 06Nuveen Massachusetts Quality Municipal Income Fund declares $0.0335 dividend
Nov 04Nuveen Massachusetts Quality Municipal Income Fund reduces dividend by 14.1%
Oct 06Nuveen Massachusetts Quality Municipal Income Fund declares $0.039 dividend
Sep 02Nuveen Massachusetts Quality Municipal Income Fund dips -9.3% to $0.039/share
Jul 06Nuveen Massachusetts Premium Income Municipal Fund declares $0.046 dividend
May 07Nuveen Massachusetts Premium Income Municipal Fund declares $0.046 dividend
Feb 04Nuveen Massachusetts Premium Income Municipal Fund declares $0.046 dividend
Jan 05Nuveen Massachusetts Premium Income Municipal Fund declares $0.046 dividend
Dec 02Nuveen Massachusetts Premium Income Municipal Fund declares $0.046 dividend
Nov 03Shareholder Returns
| NMT | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | 1.5% | 1.3% | 2.1% |
| 1Y | -16.3% | -17.9% | -12.8% |
Return vs Industry: NMT exceeded the US Capital Markets industry which returned -17.9% over the past year.
Return vs Market: NMT underperformed the US Market which returned -12.8% over the past year.
Price Volatility
| NMT volatility | |
|---|---|
| NMT Average Weekly Movement | 1.8% |
| Capital Markets Industry Average Movement | 0.6% |
| Market Average Movement | 6.4% |
| 10% most volatile stocks in US Market | 16.5% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: NMT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: NMT's weekly volatility (2%) has been stable over the past year.
Nuveen Massachusetts Quality Municipal Income Fund Fundamentals Summary
| NMT fundamental statistics | |
|---|---|
| Market Cap | US$98.37m |
| Earnings (TTM) | -US$23.88m |
| Revenue (TTM) | US$6.92m |
14.1x
P/S Ratio-4.1x
P/E RatioIs NMT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NMT income statement (TTM) | |
|---|---|
| Revenue | US$6.92m |
| Cost of Revenue | US$0 |
| Gross Profit | US$6.92m |
| Other Expenses | US$30.79m |
| Earnings | -US$23.88m |
Last Reported Earnings
Nov 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -2.56 |
| Gross Margin | 100.00% |
| Net Profit Margin | -345.27% |
| Debt/Equity Ratio | 65.1% |
How did NMT perform over the long term?
See historical performance and comparison