Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Shares Cross Above 200 Day Moving Average of $10.56

Shares of 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 $10.56 and traded as high as $10.61. Nuveen Arizona Quality Municipal Income Fund shares last traded at $10.58, with a volume of 26,202 shares trading hands.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

The stock has a 50-day moving average of $10.85 and a 200-day moving average of $10.56.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a dividend of $0.0425 per share. The ex-dividend date is Friday, April 12th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 4.82%.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of large investors have recently bought and sold shares of the company. Alesco Advisors LLC acquired a new position in Nuveen Arizona Quality Municipal Income Fund during the fourth quarter valued at approximately $153,000. Raymond James & Associates increased its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 7.0% in the 3rd quarter. Raymond James & Associates now owns 30,552 shares of the investment management company’s stock valued at $294,000 after purchasing an additional 2,000 shares during the last quarter. AQR Arbitrage LLC raised its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 199.0% during the 3rd quarter. AQR Arbitrage LLC now owns 58,882 shares of the investment management company’s stock worth $567,000 after buying an additional 39,192 shares in the last quarter. Robinson Capital Management LLC acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the 3rd quarter worth $631,000. Finally, Wolverine Asset Management LLC lifted its position 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 buying an additional 8,149 shares during the last quarter. 15.28% of the stock is currently owned by institutional investors and hedge funds.

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.