Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.88 and traded as high as $12.06. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.0260, with a volume of 9,545 shares changing hands.

Nuveen Arizona Quality Municipal Income Fund Trading Up 0.1%

The stock’s fifty day moving average price is $11.96 and its two-hundred day moving average price is $11.88.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be paid a dividend of $0.0655 per share. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a yield of 6.5%.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

Institutional investors have recently modified their holdings of the business. Alpha Cubed Investments LLC lifted its position 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 worth $1,384,000 after buying an additional 34,737 shares during the last quarter. NewEdge Advisors LLC acquired a new position in Nuveen Arizona Quality Municipal Income Fund during the first quarter worth about $211,000. Diversify Wealth Management LLC bought a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the second quarter worth about $169,000. Plan Group Financial LLC acquired a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the 2nd quarter valued at approximately $139,000. Finally, Bank of America Corp DE boosted its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 14.1% in 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 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.