Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.38 and traded as high as $12.68. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.63, with a volume of 21,670 shares trading hands.

Nuveen Arizona Quality Municipal Income Fund Stock Up 0.9%

The company has a fifty day moving average price of $12.75 and a two-hundred day moving average price of $12.38.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be given a $0.062 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 5.9%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC grew its position in Nuveen Arizona Quality Municipal Income Fund by 129.0% during the 4th quarter. LPL Financial LLC now owns 120,906 shares of the investment management company’s stock worth $1,436,000 after purchasing an additional 68,109 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the first quarter valued at about $627,000. Wells Fargo & Company MN raised its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 27.0% in the fourth quarter. Wells Fargo & Company MN now owns 169,885 shares of the investment management company’s stock valued at $2,018,000 after buying an additional 36,090 shares during the last quarter. Independent Financial Group LLC acquired a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the first quarter worth about $245,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the first quarter worth about $211,000. 15.28% of the stock is owned by hedge funds and other institutional investors.

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.