Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.41 and traded as high as $12.71. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.5290, with a volume of 107,262 shares traded.

Nuveen Arizona Quality Municipal Income Fund Price Performance

The company’s 50-day moving average price is $12.72 and its 200 day moving average price is $12.42.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be issued a $0.062 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 6.0%.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

Large investors have recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in shares of Nuveen Arizona Quality Municipal Income Fund by 27.0% in the 4th quarter. Wells Fargo & Company MN now owns 169,885 shares of the investment management company’s stock worth $2,018,000 after acquiring an additional 36,090 shares in the last quarter. LPL Financial LLC grew its stake in Nuveen Arizona Quality Municipal Income Fund by 129.0% in the fourth 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 period. Cetera Investment Advisers grew its stake in Nuveen Arizona Quality Municipal Income Fund by 1.5% in the first quarter. Cetera Investment Advisers now owns 101,300 shares of the investment management company’s stock worth $1,215,000 after purchasing an additional 1,542 shares during the period. Western Wealth Management LLC bought a new position in Nuveen Arizona Quality Municipal Income Fund in the first quarter worth $627,000. Finally, Raymond James Financial Inc. lifted its position in Nuveen Arizona Quality Municipal Income Fund by 8.1% during the second quarter. Raymond James Financial Inc. now owns 51,009 shares of the investment management company’s stock valued at $596,000 after buying an additional 3,813 shares during the period. 15.28% of the stock is owned by 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.