Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Massachusetts Quality Municipal Income Fundverified

NMT

Price:

$11.49

Market Cap:

$107.14M

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 PE Ratio as of September 2024 (TTM) for Nuveen Massachusetts Quality Municipal Income Fund (NMT) is 41.04

According to Nuveen Massachusetts Quality Municipal Income Fund’s latest financial reports and current stock price. The company's current PE Ratio is 41.04. This represents a change of 99.16% compared to the average of 20.61 of the last 4 quarters.

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

How has NMT PE Ratio performed in the past?

The mean historical PE Ratio of Nuveen Massachusetts Quality Municipal Income Fund over the last ten years is 16.59. The current 41.04 PE Ratio has changed 24.63% with respect to the historical average. Over the past ten years (40 quarters), NMT's PE Ratio was at its highest in in the February 2018 quarter at 210.42. The PE Ratio was at its lowest in in the February 2020 quarter at -255.99.

Quarterly (TTM)
Annual

Average

16.59

Median

13.85

Minimum

-25.72

Maximum

66.53

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

Discovering the peaks and valleys of Nuveen Massachusetts Quality Municipal Income Fund PE 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 = 1.39%

Maximum Annual PE Ratio = 66.53

Minimum Annual Increase = -249.16%

Minimum Annual PE Ratio = -25.72

Quarterly (TTM)
Annual
YearPE RatioChange
202438.37-249.16%
2023-25.72306.03%
2022-6.34-153.72%
202111.79-62.30%
202031.29130.23%
201913.59-79.57%
201866.531.39%
20174.47-68.32%
201614.11-21.01%
201517.86-72.96%

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

How has NMT PE Ratio performed in the past?

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

3-year avg

2.10

5-year avg

9.88

10-year avg

16.59

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

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

Nuveen Massachusetts Quality Municipal Income Fund’s PE Ratio is greater than Eaton Vance National Municipal Opportunities Trust (8.95), greater than BlackRock Enhanced Government Fund, Inc. (19.09), greater than The Gabelli Utility Trust (-22.03), greater than Nuveen California Municipal Value Fund (4.04), greater than Ellsworth Growth and Income Fund Ltd. (12.34), greater than GAMCO Natural Resources, Gold & Income Trust (10.58), greater than GAMCO Investors, Inc. (9.32), greater than The Gabelli Convertible and Income Securities Fund Inc. (21.50), greater than Saba Capital Income & Opportunities Fund (7.40), greater than MFS Investment Grade Municipal Trust (28.38), greater than Virtus Convertible & Income 2024 Target Term Fund (0), greater than Invesco High Income 2024 Target Term Fund (3.76), greater than Federated Hermes Premier Municipal Income Fund (26.69), greater than Nuveen California Select Tax-Free Income Portfolio (5.82), greater than Nuveen New York Select Tax-Free Income Portfolio (5.78), greater than Western Asset Municipal High Income Fund Inc. (17.00), greater than Fiera Capital Corporation (12.67), greater than The European Equity Fund, Inc. (3.96),

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