Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Stock Crosses Above 200-Day Moving Average – What’s Next?

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) crossed above its 200-day moving average during trading on Monday . The stock has a 200-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.

Nuveen Arizona Quality Municipal Income Fund Trading Up 0.3 %

The company has a fifty day moving average of $11.76 and a two-hundred day moving average of $11.34.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.0725 per share. This represents a $0.87 annualized dividend and a dividend yield of 7.49%. The ex-dividend date is Tuesday, October 15th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Cetera Investment Advisers raised its position in Nuveen Arizona Quality Municipal Income Fund by 1.1% in the second quarter. Cetera Investment Advisers now owns 99,843 shares of the investment management company’s stock worth $1,114,000 after acquiring an additional 1,072 shares in the last quarter. Whitebox Advisors LLC purchased a new position in Nuveen Arizona Quality Municipal Income Fund in the second quarter worth $405,000. Blue Bell Private Wealth Management LLC purchased a new position in Nuveen Arizona Quality Municipal Income Fund in the second quarter worth $34,000. Commonwealth Equity Services LLC raised its position in 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 worth $299,000 after acquiring an additional 1,052 shares in the last quarter. Finally, Cetera Advisors LLC raised its position in Nuveen Arizona Quality Municipal Income Fund by 1.5% in the first quarter. Cetera Advisors LLC now owns 94,537 shares of the investment management company’s stock worth $1,038,000 after acquiring an additional 1,372 shares in the last quarter. Hedge funds and other institutional investors own 15.28% of the company’s stock.

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.