Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

The stock has a 50-day moving average price of $12.16 and a 200-day moving average price of $12.01.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were paid 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 was Friday, March 13th.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the 3rd quarter valued at approximately $30,000. CoreCap Advisors LLC grew its position in shares of Nuveen Arizona Quality Municipal Income Fund by 125.0% during the fourth quarter. CoreCap Advisors LLC now owns 4,500 shares of the investment management company’s stock worth $53,000 after buying an additional 2,500 shares in the last quarter. Ameriflex Group Inc. grew its position in shares of Nuveen Arizona Quality Municipal Income Fund by 100.0% during the third quarter. Ameriflex Group Inc. now owns 8,620 shares of the investment management company’s stock worth $102,000 after buying an additional 4,310 shares in the last quarter. Plan Group Financial LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the second quarter worth $139,000. Finally, Diversify Wealth Management LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the second quarter worth $169,000. 15.28% of the stock is currently owned by hedge funds and other 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.