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

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.01 and traded as high as $12.08. Nuveen Arizona Quality Municipal Income Fund shares last traded at $11.98, with a volume of 54,874 shares trading hands.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

The business has a 50-day simple moving average of $12.16 and a two-hundred day simple moving average of $12.01.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were given a dividend of $0.0655 per share. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Friday, March 13th.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

Several large investors have recently modified their holdings of NAZ. Wells Fargo & Company MN boosted its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 27.0% during the 4th quarter. Wells Fargo & Company MN now owns 169,885 shares of the investment management company’s stock worth $2,018,000 after buying an additional 36,090 shares during the period. LPL Financial LLC lifted its position in Nuveen Arizona Quality Municipal Income Fund by 129.0% during the fourth quarter. LPL Financial LLC now owns 120,906 shares of the investment management company’s stock worth $1,436,000 after acquiring an additional 68,109 shares during the last quarter. Cetera Investment Advisers lifted its position in Nuveen Arizona Quality Municipal Income Fund by 1.5% during the fourth quarter. Cetera Investment Advisers now owns 99,758 shares of the investment management company’s stock worth $1,185,000 after acquiring an additional 1,509 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of 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 worth $596,000 after acquiring an additional 3,813 shares during the period. Finally, Stifel Financial Corp grew its position in shares of Nuveen Arizona Quality Municipal Income Fund by 7.7% in the fourth quarter. Stifel Financial Corp now owns 39,721 shares of the investment management company’s stock valued at $472,000 after purchasing an additional 2,832 shares during the last quarter. 15.28% of the stock is owned by institutional investors.

Nuveen Arizona Quality Municipal Income Fund Company Profile

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.