Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Shares Pass Above 200 Day Moving Average – Should You Sell?

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.80 and traded as high as $12.02. Nuveen Arizona Quality Municipal Income Fund shares last traded at $11.91, with a volume of 31,058 shares.

Nuveen Arizona Quality Municipal Income Fund Stock Down 0.7%

The business has a 50 day moving average price of $11.85 and a two-hundred day moving average price of $11.80.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be given a $0.0655 dividend. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 6.6%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Alpha Cubed Investments LLC bought a new stake in Nuveen Arizona Quality Municipal Income Fund during the 1st quarter valued at $1,009,000. Key Financial Inc purchased a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the first quarter valued at about $61,000. Cetera Investment Advisers raised its stake 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 last quarter. Royal Bank of Canada raised its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 11.1% during the first quarter. Royal Bank of Canada now owns 23,983 shares of the investment management company’s stock valued at $289,000 after acquiring an additional 2,391 shares during the last quarter. Finally, NewEdge Advisors LLC purchased 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.

Nuveen Arizona Quality Municipal Income Fund Company Profile

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.