Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.48 and traded as high as $12.11. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.11, with a volume of 43,257 shares changing hands.

Nuveen Arizona Quality Municipal Income Fund Trading Up 1.3 %

The company’s fifty day moving average is $11.82 and its 200 day moving average is $11.48.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.0725 per share. This represents a $0.87 annualized dividend and a dividend yield of 7.18%. The ex-dividend date is Friday, November 15th.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of large investors have recently added to or reduced their stakes in the company. Stifel Financial Corp grew its holdings in Nuveen Arizona Quality Municipal Income Fund by 50.4% in the 3rd quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company’s stock worth $293,000 after acquiring an additional 8,305 shares during the last quarter. Cetera Investment Advisers lifted its position 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 acquiring an additional 1,072 shares during the period. Whitebox Advisors LLC purchased a new position in Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter valued at about $405,000. Blue Bell Private Wealth Management LLC purchased a new position in Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter valued at about $34,000. Finally, Commonwealth Equity Services LLC lifted its position in Nuveen Arizona Quality Municipal Income Fund by 4.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 26,762 shares of the investment management company’s stock valued at $299,000 after acquiring an additional 1,052 shares during the period. 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.