Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Declares Monthly Dividend of $0.06

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) declared a monthly dividend on Monday, November 2nd. Shareholders of record on Friday, November 13th will be paid a dividend of $0.0620 per share by the investment management company on Tuesday, December 1st. This represents a $0.74 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Friday, November 13th.

Nuveen Arizona Quality Municipal Income Fund Trading Down 0.9%

NAZ opened at $10.56 on Tuesday. The firm has a 50-day moving average price of $11.20 and a 200-day moving average price of $12.12. Nuveen Arizona Quality Municipal Income Fund has a twelve month low of $10.18 and a twelve month high of $13.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. D.A. Davidson & CO. purchased a new position in Nuveen Arizona Quality Municipal Income Fund during the 3rd quarter valued at about $117,000. Kingswood Wealth Advisors LLC increased its holdings in Nuveen Arizona Quality Municipal Income Fund by 10.2% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 40,000 shares of the investment management company’s stock worth $423,000 after acquiring an additional 3,700 shares during the period. IFP Advisors Inc boosted its holdings in Nuveen Arizona Quality Municipal Income Fund by 496,400.0% in the 3rd quarter. IFP Advisors Inc now owns 4,965 shares of the investment management company’s stock valued at $52,000 after purchasing an additional 4,964 shares during the period. Bank of America Corp DE bought a new position in Nuveen Arizona Quality Municipal Income Fund in the 2nd quarter valued at $635,000. Finally, Western Wealth Management LLC purchased a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter valued at $662,000. 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 designed to provide current income that is exempt from regular federal income tax and Arizona state income tax. The fund invests primarily in municipal securities issued by or on behalf of Arizona state and local governments, as well as related public authorities.

Its portfolio may include tax-exempt bonds used to finance public infrastructure and essential services, such as schools, transportation systems, utilities, health care facilities and other governmental projects.