Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.83 and traded as high as $11.99. Nuveen Arizona Quality Municipal Income Fund shares last traded at $11.9540, with a volume of 24,498 shares trading hands.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

The company’s 50 day moving average price is $11.95 and its 200-day moving average price is $11.83.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.0655 dividend. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Monday, December 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of 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 valued at $289,000 after acquiring an additional 2,391 shares during the period. Smartleaf Asset Management LLC purchased a new stake in Nuveen Arizona Quality Municipal Income Fund in the 3rd quarter worth approximately $30,000. Raymond James Financial Inc. boosted its holdings in Nuveen Arizona Quality Municipal Income Fund by 8.1% in the 2nd quarter. Raymond James Financial Inc. now owns 51,009 shares of the investment management company’s stock valued at $596,000 after purchasing an additional 3,813 shares during the period. Ameriflex Group Inc. boosted its holdings in Nuveen Arizona Quality Municipal Income Fund by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 8,620 shares of the investment management company’s stock valued at $102,000 after purchasing an additional 4,310 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Nuveen Arizona Quality Municipal Income Fund by 14.1% during the 2nd quarter. Bank of America Corp DE now owns 37,054 shares of the investment management company’s stock valued at $433,000 after purchasing an additional 4,593 shares in the last quarter. 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.