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Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Share Price Crosses Above 200 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 two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.34 and traded as high as $11.66. Nuveen Arizona Quality Municipal Income Fund shares last traded at $11.61, with a volume of 6,175 shares trading hands.

Nuveen Arizona Quality Municipal Income Fund Stock Down 0.3 %

The firm has a fifty day simple moving average of $11.76 and a 200-day simple moving average of $11.34.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a dividend of $0.0725 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 7.52%. The ex-dividend date is Tuesday, October 15th.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of large investors have recently made changes to their positions in NAZ. Cetera Investment Advisers increased its holdings in Nuveen Arizona Quality Municipal Income Fund by 1.1% during the 2nd quarter. Cetera Investment Advisers now owns 99,843 shares of the investment management company's stock valued at $1,114,000 after purchasing an additional 1,072 shares during the period. Whitebox Advisors LLC purchased a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the 2nd quarter worth $405,000. Commonwealth Equity Services LLC boosted its holdings in Nuveen Arizona Quality Municipal Income Fund by 4.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 26,762 shares of the investment management company's stock worth $299,000 after buying an additional 1,052 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 $34,000. Finally, Cetera Advisors LLC boosted its holdings in Nuveen Arizona Quality Municipal Income Fund by 1.5% in the 1st quarter. Cetera Advisors LLC now owns 94,537 shares of the investment management company's stock worth $1,038,000 after buying an additional 1,372 shares during the period. 15.28% of the stock is owned by 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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