Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.01 and traded as high as $12.08. Nuveen Arizona Quality Municipal Income Fund shares last traded at $11.98, with a volume of 54,874 shares traded.

Nuveen Arizona Quality Municipal Income Fund Stock Down 0.1%

The company has a 50-day moving average price of $12.16 and a two-hundred day moving average price of $12.01.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were issued a $0.0655 dividend. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date was Friday, March 13th.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

Several large investors have recently bought and sold shares of NAZ. Wells Fargo & Company MN lifted its position in shares of Nuveen Arizona Quality Municipal Income Fund by 27.0% during the fourth quarter. Wells Fargo & Company MN now owns 169,885 shares of the investment management company’s stock worth $2,018,000 after purchasing an additional 36,090 shares in the last quarter. LPL Financial LLC grew its holdings in Nuveen Arizona Quality Municipal Income Fund by 129.0% during the 4th quarter. LPL Financial LLC now owns 120,906 shares of the investment management company’s stock valued at $1,436,000 after purchasing an additional 68,109 shares in the last quarter. Cetera Investment Advisers grew its holdings in Nuveen Arizona Quality Municipal Income Fund by 1.5% during the 4th quarter. Cetera Investment Advisers now owns 99,758 shares of the investment management company’s stock valued at $1,185,000 after purchasing an additional 1,509 shares in the last quarter. Raymond James Financial Inc. increased its stake in Nuveen Arizona Quality Municipal Income Fund by 8.1% during the 2nd quarter. Raymond James Financial Inc. now owns 51,009 shares of the investment management company’s stock worth $596,000 after buying an additional 3,813 shares during the period. Finally, Stifel Financial Corp increased its stake in Nuveen Arizona Quality Municipal Income Fund by 7.7% during the 4th quarter. Stifel Financial Corp now owns 39,721 shares of the investment management company’s stock worth $472,000 after buying an additional 2,832 shares during the period. Institutional investors and hedge funds own 15.28% of the company’s stock.

Nuveen Arizona Quality Municipal Income Fund Company Profile

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.