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

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.92 and traded as high as $12.08. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.06, with a volume of 31,259 shares trading hands.

Nuveen Arizona Quality Municipal Income Fund Stock Down 0.1%

The firm has a fifty day simple moving average of $11.99 and a 200-day simple moving average of $11.92.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be given a $0.0655 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) annualized dividend and a yield of 6.5%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NAZ. Smartleaf Asset Management LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the third quarter worth about $30,000. CoreCap Advisors LLC boosted its stake in Nuveen Arizona Quality Municipal Income Fund by 125.0% during the 4th quarter. CoreCap Advisors LLC now owns 4,500 shares of the investment management company’s stock valued at $53,000 after purchasing an additional 2,500 shares during the last quarter. Ameriflex Group Inc. increased its holdings in Nuveen Arizona Quality Municipal Income Fund by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 8,620 shares of the investment management company’s stock worth $102,000 after purchasing an additional 4,310 shares in the last quarter. Plan Group Financial LLC purchased a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the second quarter worth approximately $139,000. Finally, Diversify Wealth Management LLC bought a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the second quarter valued at approximately $169,000. 15.28% of the stock is owned by institutional investors.

About Nuveen Arizona Quality Municipal Income Fund

Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income that is exempt from regular U.S. federal income tax. Managed by Nuveen Asset Management, the fund focuses on investment-grade municipal obligations issued by or on behalf of entities located in the state of Arizona. Its portfolio typically includes general obligation bonds, revenue bonds and essential-purpose municipal securities backed by state and local governments and quasi-governmental agencies.

The fund employs fundamental credit analysis to select bonds that meet rigorous quality standards, aiming to preserve principal while generating tax-advantaged income.