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Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Share Price Passes 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 Wednesday . The stock has a 200-day moving average of $11.48 and traded as high as $12.11. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.11, with a volume of 43,257 shares changing hands.

Nuveen Arizona Quality Municipal Income Fund Price Performance

The business's 50-day moving average is $11.82 and its 200 day moving average is $11.49.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.0725 dividend. This represents a $0.87 annualized dividend and a dividend yield of 7.19%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NAZ. Blue Bell Private Wealth Management LLC purchased a new position in Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter valued at $34,000. Stifel Financial Corp grew its holdings in Nuveen Arizona Quality Municipal Income Fund by 50.4% during the third quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company's stock worth $293,000 after acquiring an additional 8,305 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Nuveen Arizona Quality Municipal Income Fund by 4.1% in the second quarter. Commonwealth Equity Services LLC now owns 26,762 shares of the investment management company's stock worth $299,000 after acquiring an additional 1,052 shares during the period. Whitebox Advisors LLC purchased a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter valued at approximately $405,000. Finally, Cetera Advisors LLC boosted its stake in Nuveen Arizona Quality Municipal Income Fund by 1.5% during the 1st quarter. Cetera Advisors LLC now owns 94,537 shares of the investment management company's stock worth $1,038,000 after purchasing an additional 1,372 shares during the last quarter. 15.28% of the stock is owned by hedge funds and other institutional investors.

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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