Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.81 and traded as high as $12.03. Nuveen Arizona Quality Municipal Income Fund shares last traded at $11.98, with a volume of 19,849 shares traded.

Nuveen Arizona Quality Municipal Income Fund Trading Up 0.6%

The stock’s 50 day simple moving average is $11.92 and its 200 day simple moving average is $11.81.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a dividend of $0.0655 per share. The ex-dividend date is Friday, November 14th. This represents a c) annualized dividend and a yield of 6.5%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NAZ. Cetera Investment Advisers boosted its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 1.7% during the first quarter. Cetera Investment Advisers now owns 105,111 shares of the investment management company’s stock valued at $1,268,000 after acquiring an additional 1,722 shares during the period. Royal Bank of Canada increased its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 11.1% in the first quarter. Royal Bank of Canada now owns 23,983 shares of the investment management company’s stock valued at $289,000 after purchasing an additional 2,391 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the first quarter valued at approximately $211,000. Integrity Alliance LLC. acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the first quarter worth approximately $939,000. Finally, Alpha Cubed Investments LLC increased its position in Nuveen Arizona Quality Municipal Income Fund by 41.5% in the 2nd quarter. Alpha Cubed Investments LLC now owns 118,363 shares of the investment management company’s stock valued at $1,384,000 after acquiring an additional 34,737 shares during the period. Institutional investors and hedge funds 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.