Nuveen Arizona Quality Municipal Income Fund (NAZ) To Go Ex-Dividend on June 15th

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) declared 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 5.7%. The ex-dividend date of this dividend is Monday, June 15th.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

Nuveen Arizona Quality Municipal Income Fund stock opened at $12.94 on Wednesday. The company has a 50-day simple moving average of $12.52 and a 200-day simple moving average of $12.21. Nuveen Arizona Quality Municipal Income Fund has a one year low of $11.49 and a one year high of $13.00.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of NAZ. LPL Financial LLC grew its position in Nuveen Arizona Quality Municipal Income Fund by 129.0% in the 4th quarter. LPL Financial LLC now owns 120,906 shares of the investment management company’s stock valued at $1,436,000 after buying an additional 68,109 shares in the last quarter. Western Wealth Management LLC acquired a new stake in Nuveen Arizona Quality Municipal Income Fund in the 1st quarter valued at about $627,000. Wells Fargo & Company MN lifted its holdings in 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 valued at $2,018,000 after acquiring an additional 36,090 shares during the last quarter. Independent Financial Group LLC acquired a new stake in Nuveen Arizona Quality Municipal Income Fund in the 1st quarter valued at about $245,000. Finally, NewEdge Advisors LLC acquired a new stake in Nuveen Arizona Quality Municipal Income Fund in the 1st quarter valued at about $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.