Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.00 and traded as high as $12.31. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.26, with a volume of 21,535 shares traded.

Nuveen Arizona Quality Municipal Income Fund Stock Up 0.3 %

The company’s 50 day simple moving average is $12.35 and its 200 day simple moving average is $12.01.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently declared 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 7.04%.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC lifted its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 2.5% in the 4th quarter. Western Wealth Management LLC now owns 40,876 shares of the investment management company’s stock valued at $465,000 after purchasing an additional 987 shares during the last quarter. Bartlett & CO. Wealth Management LLC lifted its position 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 acquiring an additional 1,000 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 3.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 29,292 shares of the investment management company’s stock valued at $333,000 after purchasing an additional 1,076 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 1.8% in the fourth quarter. Cetera Investment Advisers now owns 103,389 shares of the investment management company’s stock valued at $1,176,000 after purchasing an additional 1,787 shares during the period. Finally, LPL Financial LLC raised its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 12.7% during the fourth quarter. LPL Financial LLC now owns 31,390 shares of the investment management company’s stock worth $357,000 after purchasing an additional 3,530 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

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.