Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Massachusetts Quality Municipal Income Fundverified

NMT

Price:

$11.485

Market Cap:

$107.09M

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 ROE as of September 2024 (TTM) for Nuveen Massachusetts Quality Municipal Income Fund (NMT) is 17.71%

According to Nuveen Massachusetts Quality Municipal Income Fund’s latest financial reports and current stock price. The company's current ROE is 17.71%. This represents a change of 300.01% compared to the average of 4.43% of the last 4 quarters.

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

How has NMT ROE performed in the past?

The mean historical ROE of Nuveen Massachusetts Quality Municipal Income Fund over the last ten years is 1.87%. The current 17.71% ROE has changed 846.71% with respect to the historical average. Over the past ten years (40 quarters), NMT's ROE was at its highest in in the May 2024 quarter at 8.32%. The ROE was at its lowest in in the May 2022 quarter at -15.68%.

Quarterly (TTM)
Annual

Average

1.87%

Median

2.58%

Minimum

-14.91%

Maximum

9.55%

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

Discovering the peaks and valleys of Nuveen Massachusetts Quality Municipal Income Fund ROE, 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 = 409.90%

Maximum Annual ROE = 9.55%

Minimum Annual Increase = -281.62%

Minimum Annual ROE = -14.91%

Quarterly (TTM)
Annual
YearROEChange
20242.29%-170.23%
2023-3.27%-78.10%
2022-14.91%-281.62%
20218.21%186.84%
20202.86%-55.39%
20196.42%409.90%
20181.26%1.60%
20171.24%-87.04%
20169.55%89.26%
20155.05%266.48%

Nuveen Massachusetts Quality Municipal Income Fund (NMT) Average ROE

How has NMT ROE performed in the past?

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

3-year avg

-5.30%

5-year avg

-0.96%

10-year avg

1.87%

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

How is NMT’s ROE compared to its peers?

Nuveen Massachusetts Quality Municipal Income Fund’s ROE is less than Eaton Vance National Municipal Opportunities Trust (11.25%), less than BlackRock Enhanced Government Fund, Inc. (5.08%), greater than The Gabelli Utility Trust (-6.64%), less than Nuveen California Municipal Value Fund (24.45%), less than Ellsworth Growth and Income Fund Ltd. (6.71%), less than GAMCO Natural Resources, Gold & Income Trust (8.26%), less than GAMCO Investors, Inc. (33.04%), less than The Gabelli Convertible and Income Securities Fund Inc. (9.50%), less than Saba Capital Income & Opportunities Fund (11.99%), less than MFS Investment Grade Municipal Trust (3.44%), less than Virtus Convertible & Income 2024 Target Term Fund (21.86%), less than Invesco High Income 2024 Target Term Fund (25.55%), less than Federated Hermes Premier Municipal Income Fund (3.80%), less than Nuveen California Select Tax-Free Income Portfolio (17.40%), less than Nuveen New York Select Tax-Free Income Portfolio (16.78%), less than Western Asset Municipal High Income Fund Inc. (6.14%), less than Fiera Capital Corporation (20.25%), less than The European Equity Fund, Inc. (22.63%),

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