Nuveen Arizona Quality Municipal Income Fund (NAZ) to Issue Monthly Dividend of $0.07 on June 1st

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) announced a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be given a dividend of 0.0655 per share by the investment management company on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, May 15th.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

Shares of Nuveen Arizona Quality Municipal Income Fund stock traded down $0.01 during trading hours on Wednesday, reaching $12.75. The company’s stock had a trading volume of 7,738 shares, compared to its average volume of 27,516. The firm has a 50 day moving average price of $12.42 and a 200-day moving average price of $12.13. Nuveen Arizona Quality Municipal Income Fund has a one year low of $11.40 and a one year high of $13.00.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

Large investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the 3rd quarter worth about $30,000. CoreCap Advisors LLC grew its holdings in Nuveen Arizona Quality Municipal Income Fund by 125.0% during the 4th quarter. CoreCap Advisors LLC now owns 4,500 shares of the investment management company’s stock valued at $53,000 after purchasing an additional 2,500 shares during the last quarter. Ameriflex Group Inc. grew its holdings in Nuveen Arizona Quality Municipal Income Fund by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 8,620 shares of the investment management company’s stock valued at $102,000 after purchasing an additional 4,310 shares during the last quarter. Diversify Wealth Management LLC bought a new position in Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter valued at about $169,000. Finally, NewEdge Advisors LLC bought a new position in Nuveen Arizona Quality Municipal Income Fund during the 1st quarter valued at about $211,000. 15.28% of the stock is currently 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.