Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Announces $0.06 Monthly Dividend

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) announced a monthly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be given a dividend of 0.062 per share by the investment management company on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Monday, June 15th.

Nuveen Arizona Quality Municipal Income Fund Price Performance

NAZ opened at $13.58 on Tuesday. Nuveen Arizona Quality Municipal Income Fund has a 1-year low of $11.40 and a 1-year high of $13.00. The business has a 50 day moving average of $12.52 and a 200-day moving average of $12.21.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NAZ. Smartleaf Asset Management LLC bought a new stake in Nuveen Arizona Quality Municipal Income Fund in the third quarter valued at approximately $30,000. CoreCap Advisors LLC grew its holdings in shares of 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 valued at $53,000 after buying an additional 2,500 shares during the period. Ameriflex Group Inc. grew its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 8,620 shares of the investment management company’s stock valued at $102,000 after buying an additional 4,310 shares during the period. Diversify Wealth Management LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the 2nd quarter valued at $169,000. Finally, NewEdge Advisors LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the 1st quarter valued at $211,000. Institutional investors own 15.28% of the company’s stock.

About Nuveen Arizona Quality Municipal Income Fund

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.