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) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.90 and traded as high as $12.06. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.0390, with a volume of 11,767 shares trading hands.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

The company’s 50 day moving average price is $11.97 and its 200-day moving average price is $11.90.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

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

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

Several institutional investors have recently added to or reduced their stakes in NAZ. Smartleaf Asset Management LLC bought a new position in Nuveen Arizona Quality Municipal Income Fund during the third quarter worth about $30,000. CoreCap Advisors LLC boosted its holdings in Nuveen Arizona Quality Municipal Income Fund by 125.0% in the 4th quarter. CoreCap Advisors LLC now owns 4,500 shares of the investment management company’s stock worth $53,000 after buying an additional 2,500 shares during the period. Ameriflex Group Inc. raised 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 valued at $102,000 after acquiring an additional 4,310 shares during the period. Plan Group Financial LLC purchased a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the second quarter worth $139,000. Finally, Diversify Wealth Management LLC bought a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the second quarter worth $169,000. 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 (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.