Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Shares Pass Above 200-Day Moving Average of $10.56

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.56 and traded as high as $10.61. Nuveen Arizona Quality Municipal Income Fund shares last traded at $10.58, with a volume of 26,202 shares.

Nuveen Arizona Quality Municipal Income Fund Price Performance

The firm’s 50 day moving average price is $10.85 and its 200-day moving average price is $10.56.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a dividend of $0.0425 per share. This represents a $0.51 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend is Friday, April 12th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Saba Capital Management L.P. lifted its stake in Nuveen Arizona Quality Municipal Income Fund by 1,619.4% during the third quarter. Saba Capital Management L.P. now owns 180,171 shares of the investment management company’s stock worth $1,735,000 after purchasing an additional 169,692 shares during the period. Robinson Capital Management LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the 3rd quarter valued at approximately $631,000. AQR Arbitrage LLC raised its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 199.0% in the 3rd quarter. AQR Arbitrage LLC now owns 58,882 shares of the investment management company’s stock worth $567,000 after buying an additional 39,192 shares in the last quarter. Matisse Capital lifted its position in shares of Nuveen Arizona Quality Municipal Income Fund by 21.9% during the 4th quarter. Matisse Capital now owns 148,851 shares of the investment management company’s stock worth $1,594,000 after buying an additional 26,718 shares during the period. Finally, Alesco Advisors LLC acquired a new position in Nuveen Arizona Quality Municipal Income Fund during the fourth quarter worth $153,000. 15.28% of the stock is currently owned by institutional investors and hedge funds.

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.