Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.00 and traded as high as $12.31. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.26, with a volume of 21,535 shares trading hands.

Nuveen Arizona Quality Municipal Income Fund Price Performance

The stock’s 50-day moving average is $12.34 and its 200 day moving average is $12.00.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.0725 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

A number of large investors have recently made changes to their positions in NAZ. Brooklyn FI LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the 4th quarter valued at $954,000. Raymond James Financial Inc. bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the 4th quarter valued at $472,000. Kingswood Wealth Advisors LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the 4th quarter valued at $329,000. Stifel Financial Corp increased its position in shares of Nuveen Arizona Quality Municipal Income Fund by 54.1% in the 4th quarter. Stifel Financial Corp now owns 38,208 shares of the investment management company’s stock valued at $435,000 after buying an additional 13,419 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Nuveen Arizona Quality Municipal Income Fund by 7.2% in the 4th quarter. Wells Fargo & Company MN now owns 144,093 shares of the investment management company’s stock worth $1,639,000 after purchasing an additional 9,618 shares during the period. Institutional investors own 15.28% of the company’s stock.

About Nuveen Arizona Quality Municipal Income Fund

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.