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Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Nuveen Arizona Quality Municipal Income Fund logo with Finance background

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.64 and traded as high as $12.34. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.18, with a volume of 26,946 shares.

Nuveen Arizona Quality Municipal Income Fund Price Performance

The firm has a fifty day moving average of $11.97 and a 200-day moving average of $11.64.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.0725 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date of this dividend is Friday, December 13th.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

Several institutional investors have recently modified their holdings of NAZ. Commonwealth Equity Services LLC boosted its stake in Nuveen Arizona Quality Municipal Income Fund by 4.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 26,762 shares of the investment management company's stock valued at $299,000 after purchasing an additional 1,052 shares during the period. Cetera Investment Advisers boosted its position in shares of Nuveen Arizona Quality Municipal Income Fund by 1.1% during the second quarter. Cetera Investment Advisers now owns 99,843 shares of the investment management company's stock worth $1,114,000 after buying an additional 1,072 shares during the period. Blue Bell Private Wealth Management LLC bought a new position in Nuveen Arizona Quality Municipal Income Fund in the 2nd quarter worth approximately $34,000. Stifel Financial Corp increased its position in Nuveen Arizona Quality Municipal Income Fund by 50.4% in the 3rd quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company's stock valued at $293,000 after acquiring an additional 8,305 shares during the period. Finally, Whitebox Advisors LLC bought a new stake in Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter valued at $405,000. Institutional investors own 15.28% of the company's stock.

Nuveen Arizona Quality Municipal Income Fund Company Profile

(Get Free Report)

Nuveen Arizona Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is managed by Nuveen Asset Management, LLC. It invests in the fixed income markets of Arizona. The fund invests in municipal securities and other related investments the income, exempt from regular federal and Arizona income taxes that are rated Baa or BBB or better and having an average maturity of 18.66 years.

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