Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Share Price Passes Above 200-Day Moving Average of $10.80

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.80 and traded as high as $11.24. Nuveen Arizona Quality Municipal Income Fund shares last traded at $11.16, with a volume of 10,583 shares.

Nuveen Arizona Quality Municipal Income Fund Price Performance

The firm has a 50 day moving average of $10.79 and a 200-day moving average of $10.80.

Nuveen Arizona Quality Municipal Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a $0.0725 dividend. This is an increase from Nuveen Arizona Quality Municipal Income Fund’s previous monthly dividend of $0.04. This represents a $0.87 annualized dividend and a yield of 7.80%. The ex-dividend date of this dividend is Friday, June 14th.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Advisors LLC raised its stake in shares of 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 in the last quarter. Robinson Capital Management LLC raised its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 6.2% during the 4th quarter. Robinson Capital Management LLC now owns 70,472 shares of the investment management company’s stock worth $756,000 after purchasing an additional 4,087 shares in the last quarter. Matisse Capital raised its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 21.9% during the 4th quarter. Matisse Capital now owns 148,851 shares of the investment management company’s stock worth $1,594,000 after purchasing an additional 26,718 shares in the last quarter. Alesco Advisors LLC purchased a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the 4th quarter worth about $153,000. Finally, Wolverine Asset Management LLC raised its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 8.9% during the 4th quarter. Wolverine Asset Management LLC now owns 99,280 shares of the investment management company’s stock worth $1,063,000 after purchasing an additional 8,149 shares in the last quarter. 15.28% of the stock is owned by hedge funds and other institutional investors.

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.