Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.88 and traded as high as $12.06. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.0260, with a volume of 9,545 shares trading hands.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

The business’s 50 day simple moving average is $11.96 and its two-hundred day simple moving average is $11.88.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be issued a $0.0655 dividend. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Thursday, January 15th.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 11.1% during the first quarter. Royal Bank of Canada now owns 23,983 shares of the investment management company’s stock worth $289,000 after purchasing an additional 2,391 shares during the last quarter. Smartleaf Asset Management LLC bought a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the third quarter worth about $30,000. CoreCap Advisors LLC lifted its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 125.0% in the fourth quarter. CoreCap Advisors LLC now owns 4,500 shares of the investment management company’s stock worth $53,000 after acquiring an additional 2,500 shares during the period. Raymond James Financial Inc. boosted its holdings in Nuveen Arizona Quality Municipal Income Fund by 8.1% in the second quarter. Raymond James Financial Inc. now owns 51,009 shares of the investment management company’s stock valued at $596,000 after acquiring an additional 3,813 shares during the last quarter. Finally, Ameriflex Group Inc. raised 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 worth $102,000 after purchasing an additional 4,310 shares during the last quarter. 15.28% of the stock is owned by institutional investors and hedge funds.

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.