Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Share Price Passes Above 200 Day Moving Average of $10.50

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 $10.50 and traded as high as $10.67. Nuveen Arizona Quality Municipal Income Fund shares last traded at $10.67, with a volume of 9,123 shares traded.

Nuveen Arizona Quality Municipal Income Fund Trading Down 0.1 %

The business’s 50-day moving average price is $10.89 and its two-hundred day moving average price is $10.50.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a dividend of $0.0425 per share. The ex-dividend date is Friday, April 12th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 4.78%.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in NAZ. Robinson Capital Management LLC raised its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 6.2% during the fourth quarter. Robinson Capital Management LLC now owns 70,472 shares of the investment management company’s stock worth $756,000 after acquiring an additional 4,087 shares during the period. Matisse Capital raised its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 21.9% during the fourth quarter. Matisse Capital now owns 148,851 shares of the investment management company’s stock worth $1,594,000 after acquiring an additional 26,718 shares during the period. Alesco Advisors LLC acquired a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the fourth quarter worth $153,000. Wolverine Asset Management LLC raised its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 8.9% during the fourth quarter. Wolverine Asset Management LLC now owns 99,280 shares of the investment management company’s stock worth $1,063,000 after acquiring an additional 8,149 shares during the period. Finally, Raymond James & Associates raised its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 9.4% during the fourth quarter. Raymond James & Associates now owns 33,427 shares of the investment management company’s stock worth $358,000 after acquiring an additional 2,875 shares during the period. 15.28% of the stock is currently owned by institutional investors and hedge funds.

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.