Nuveen Minnesota Quality Municipal Income Fund (NMS) Stock

About Nuveen Minnesota Quality Municipal Income Fund

The Nuveen Minnesota Quality Municipal Income Fund (NMS) operates as a closed-end mutual fund, focusing on fixed income assets, initially launched by Nuveen Investments, Inc. Its management responsibilities are jointly handled by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund primarily allocates its capital within the fixed income markets across the United States. A core part of its strategy involves investing in investment-grade municipal bonds that provide exemptions from regular federal and Minnesota personal income taxes. To ensure quality, the fund targets securities with a credit rating of at least Baa/BBB or better, as assessed by S&P, Moody's, or Fitch. This fund, formerly recognized as the Nuveen Minnesota Municipal Income Fund, was established on June 25, 1993, and is domiciled in the United States.

Nuveen Minnesota Quality Municipal Income Fund is headquartered in US.

Nuveen Minnesota Quality Municipal Income Fund (NMS) stock trades at $11.59 with a market capitalization of $74.29M. The stock is valued at a price-to-earnings (P/E) ratio of 9.99, price-to-book of 0.93, price-to-sales of 13.59. Over the past 52 weeks the stock has ranged between $11.19 and $12.50, and currently trades 7.3% below its 52-week high. It pays a dividend yielding 6.56%.

On profitability, Nuveen Minnesota Quality Municipal Income Fund generates a return on equity (ROE) of 9.54%, return on capital employed of 7.04%, an operating margin of 162.66%, a net profit margin of 130.68%.

Official website: www.nuveen.com/CEF/Product/Overview.aspx?fundcode=NMS