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

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.41 and traded as high as $12.71. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.5290, with a volume of 107,262 shares traded.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

The stock has a fifty day simple moving average of $12.73 and a 200-day simple moving average of $12.41.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be paid a $0.062 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its position in 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 valued at $2,018,000 after purchasing an additional 36,090 shares during the period. LPL Financial LLC grew its position in shares of Nuveen Arizona Quality Municipal Income Fund by 129.0% during the 4th quarter. LPL Financial LLC now owns 120,906 shares of the investment management company’s stock worth $1,436,000 after buying an additional 68,109 shares during the period. Cetera Investment Advisers grew its position in shares of Nuveen Arizona Quality Municipal Income Fund by 1.5% during the 1st quarter. Cetera Investment Advisers now owns 101,300 shares of the investment management company’s stock worth $1,215,000 after buying an additional 1,542 shares during the period. Western Wealth Management LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the first quarter worth approximately $627,000. Finally, Raymond James Financial Inc. raised its stake 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 buying an additional 3,813 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.