Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.83 and traded as high as $11.19. Nuveen Arizona Quality Municipal Income Fund shares last traded at $11.16, with a volume of 13,274 shares.
Nuveen Arizona Quality Municipal Income Fund Stock Performance
The firm's 50-day moving average price is $10.84 and its 200 day moving average price is $10.83.
Nuveen Arizona Quality Municipal Income Fund Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a dividend of $0.0725 per share. This represents a $0.87 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date is Friday, June 14th. This is a positive change from Nuveen Arizona Quality Municipal Income Fund's previous monthly dividend of $0.04.
Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Saba Capital Management L.P. grew its position in shares of Nuveen Arizona Quality Municipal Income Fund by 1,619.4% during the 3rd quarter. Saba Capital Management L.P. now owns 180,171 shares of the investment management company's stock worth $1,735,000 after buying an additional 169,692 shares during the period. Robinson Capital Management LLC bought a new stake in Nuveen Arizona Quality Municipal Income Fund in the third quarter valued at approximately $631,000. AQR Arbitrage LLC raised its holdings in Nuveen Arizona Quality Municipal Income Fund by 199.0% in the third quarter. AQR Arbitrage LLC now owns 58,882 shares of the investment management company's stock worth $567,000 after purchasing an additional 39,192 shares during the period. Matisse Capital grew its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 21.9% in the 4th quarter. Matisse Capital now owns 148,851 shares of the investment management company's stock valued at $1,594,000 after buying an additional 26,718 shares during the period. Finally, Alesco Advisors LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the 4th quarter valued at $153,000. Institutional investors own 15.28% of the company's stock.
About Nuveen Arizona Quality Municipal Income Fund
(
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.
Further Reading
Before you consider Nuveen Arizona Quality Municipal Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nuveen Arizona Quality Municipal Income Fund wasn't on the list.
While Nuveen Arizona Quality Municipal Income Fund currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
