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Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Shares Pass Above 200-Day Moving Average - Here's Why

Nuveen Arizona Quality Municipal Income Fund logo with Finance background
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Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.99 and traded as high as $12.50. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.35, with a volume of 35,205 shares.

Nuveen Arizona Quality Municipal Income Fund Trading Down 0.2 %

The company has a 50 day moving average of $12.30 and a 200 day moving average of $12.00.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.0725 per share. The ex-dividend date is Friday, March 14th. This represents a $0.87 annualized dividend and a yield of 7.21%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp lifted its holdings in Nuveen Arizona Quality Municipal Income Fund by 50.4% during the 3rd quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company's stock worth $293,000 after buying an additional 8,305 shares during the last quarter. Bartlett & CO. Wealth Management LLC lifted its holdings in Nuveen Arizona Quality Municipal Income Fund by 4.3% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 24,400 shares of the investment management company's stock worth $278,000 after buying an additional 1,000 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Nuveen Arizona Quality Municipal Income Fund during the 4th quarter worth about $329,000. Raymond James Financial Inc. purchased a new stake in Nuveen Arizona Quality Municipal Income Fund during the 4th quarter worth about $472,000. Finally, Commonwealth Equity Services LLC lifted its holdings in Nuveen Arizona Quality Municipal Income Fund by 3.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 29,292 shares of the investment management company's stock worth $333,000 after buying an additional 1,076 shares during the last quarter. 15.28% of the stock is owned by institutional investors and hedge funds.

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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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