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

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.81 and traded as high as $11.85. Nuveen Arizona Quality Municipal Income Fund shares last traded at $11.82, with a volume of 11,782 shares changing hands.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

The business’s 50 day simple moving average is $11.88 and its 200-day simple moving average is $11.81.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a $0.0655 dividend. The ex-dividend date is Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 6.6%.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers grew its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 1.7% in the 1st quarter. Cetera Investment Advisers now owns 105,111 shares of the investment management company’s stock valued at $1,268,000 after buying an additional 1,722 shares in the last quarter. Royal Bank of Canada grew its position in Nuveen Arizona Quality Municipal Income Fund by 11.1% in the first quarter. Royal Bank of Canada now owns 23,983 shares of the investment management company’s stock worth $289,000 after acquiring an additional 2,391 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the 1st quarter worth $211,000. Integrity Alliance LLC. bought a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the 1st quarter valued at $939,000. Finally, Alpha Cubed Investments LLC raised its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 41.5% during the 2nd quarter. Alpha Cubed Investments LLC now owns 118,363 shares of the investment management company’s stock valued at $1,384,000 after purchasing an additional 34,737 shares in the last quarter. 15.28% of the stock is owned by hedge funds and other institutional investors.

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.