Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Stock Crosses Above 200-Day Moving Average of $11.19

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.19 and traded as high as $11.71. Nuveen Arizona Quality Municipal Income Fund shares last traded at $11.70, with a volume of 64,816 shares trading hands.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

The business has a 50-day moving average price of $11.65 and a two-hundred day moving average price of $11.19.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a $0.0725 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.87 dividend on an annualized basis and a yield of 7.44%.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

Several large investors have recently modified their holdings of the business. Cetera Investment Advisers boosted 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 worth $1,114,000 after acquiring an additional 1,072 shares during the last quarter. Cetera Advisors LLC raised its position in Nuveen Arizona Quality Municipal Income Fund by 1.5% during 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. Whitebox Advisors LLC bought a new position in Nuveen Arizona Quality Municipal Income Fund during the second quarter worth about $405,000. Commonwealth Equity Services LLC increased its position in Nuveen Arizona Quality Municipal Income Fund by 4.1% during the second quarter. Commonwealth Equity Services LLC now owns 26,762 shares of the investment management company’s stock worth $299,000 after buying an additional 1,052 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC bought a new stake in Nuveen Arizona Quality Municipal Income Fund in the 2nd quarter valued at $34,000. 15.28% of the stock is currently owned by 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.