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

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.64 and traded as high as $12.34. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.18, with a volume of 26,946 shares.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

The business’s 50-day simple moving average is $11.98 and its two-hundred day simple moving average is $11.65.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.0725 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.87 annualized dividend and a yield of 7.23%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NAZ. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter valued at about $34,000. Stifel Financial Corp lifted its position in shares of 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 purchasing an additional 8,305 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake 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 valued at $299,000 after purchasing an additional 1,052 shares during the period. Whitebox Advisors LLC purchased a new stake in Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter worth $405,000. Finally, Cetera Investment Advisers lifted its holdings in Nuveen Arizona Quality Municipal Income Fund by 1.1% in the 2nd quarter. Cetera Investment Advisers now owns 99,843 shares of the investment management company’s stock worth $1,114,000 after buying an additional 1,072 shares in the last quarter. Institutional investors and hedge funds own 15.28% of the company’s stock.

About Nuveen Arizona Quality Municipal Income Fund

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.