Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Massachusetts Quality Municipal Income Fundverified

NMT

Price:

$11.46

Market Cap:

$106.86M

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 performanc...[Read more]

Industry

Asset Management - Income

IPO Date

1993-03-18

Stock Exchange

NYSE

Ticker

NMT

The Current Ratio as of December 2024 (TTM) for Nuveen Massachusetts Quality Municipal Income Fund (NMT) is 2.84

According to Nuveen Massachusetts Quality Municipal Income Fund’s latest financial reports and current stock price. The company's current Current Ratio is 2.84. This represents a change of -73.21% compared to the average of 10.61 of the last 4 quarters.

Nuveen Massachusetts Quality Municipal Income Fund (NMT) Historical Current Ratio (quarterly & annually)

How has NMT Current Ratio performed in the past?

The mean historical Current Ratio of Nuveen Massachusetts Quality Municipal Income Fund over the last ten years is 4.40. The current 2.84 Current Ratio has changed 6.36% with respect to the historical average. Over the past ten years (40 quarters), NMT's Current Ratio was at its highest in in the November 2023 quarter at 20.36. The Current Ratio was at its lowest in in the August 2022 quarter at 1.20.

Quarterly (TTM)
Annual

Average

4.40

Median

3.53

Minimum

2.21

Maximum

8.50

Nuveen Massachusetts Quality Municipal Income Fund (NMT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Nuveen Massachusetts Quality Municipal Income Fund Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 217.32%

Maximum Annual Current Ratio = 8.50

Minimum Annual Increase = -65.80%

Minimum Annual Current Ratio = 2.21

Quarterly (TTM)
Annual
YearCurrent RatioChange
20242.8428.35%
20232.21-65.62%
20226.44121.63%
20212.91-65.80%
20208.50217.32%
20192.68-63.97%
20187.4364.00%
20174.5399.32%
20162.27-45.24%
20154.15149.86%

Nuveen Massachusetts Quality Municipal Income Fund (NMT) Average Current Ratio

How has NMT Current Ratio performed in the past?

The current Current Ratio of Nuveen Massachusetts Quality Municipal Income Fund (NMT) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

3.83

5-year avg

4.58

10-year avg

4.40

Nuveen Massachusetts Quality Municipal Income Fund (NMT) Current Ratio vs. Peers

How is NMT’s Current Ratio compared to its peers?

Nuveen Massachusetts Quality Municipal Income Fund’s Current Ratio is greater than Eaton Vance National Municipal Opportunities Trust (0), greater than BlackRock Enhanced Government Fund, Inc. (0.23), greater than The Gabelli Utility Trust (0.06), less than Nuveen California Municipal Value Fund (3.22), greater than Ellsworth Growth and Income Fund Ltd. (0), greater than GAMCO Natural Resources, Gold & Income Trust (0), greater than GAMCO Investors, Inc. (1.58), greater than The Gabelli Convertible and Income Securities Fund Inc. (0), greater than Saba Capital Income & Opportunities Fund (0), less than MFS Investment Grade Municipal Trust (3.11), greater than Virtus Convertible & Income 2024 Target Term Fund (2.04), greater than Invesco High Income 2024 Target Term Fund (0), less than Federated Hermes Premier Municipal Income Fund (4.36), less than Nuveen California Select Tax-Free Income Portfolio (3.14), greater than Nuveen New York Select Tax-Free Income Portfolio (0), greater than Western Asset Municipal High Income Fund Inc. (0.45), greater than Fiera Capital Corporation (1.31), greater than The European Equity Fund, Inc. (1.37),

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