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

by · The Cerbat Gem

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ – Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.26 and traded as high as $11.83. Nuveen Arizona Quality Municipal Income Fund shares last traded at $11.82, with a volume of 21,168 shares changing hands.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

The business has a 50-day moving average of $11.74 and a 200 day moving average of $11.27.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a $0.0725 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 7.35%. The ex-dividend date is Tuesday, October 15th.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of NAZ. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the second quarter worth $34,000. Commonwealth Equity Services LLC lifted its position in Nuveen Arizona Quality Municipal Income Fund by 4.1% during the second quarter. Commonwealth Equity Services LLC now owns 26,762 shares of the investment management company’s stock worth $299,000 after buying an additional 1,052 shares during the period. Whitebox Advisors LLC purchased a new position in Nuveen Arizona Quality Municipal Income Fund during the second quarter worth about $405,000. Cetera Advisors LLC boosted its stake in Nuveen Arizona Quality Municipal Income Fund by 1.5% in the 1st quarter. Cetera Advisors LLC now owns 94,537 shares of the investment management company’s stock worth $1,038,000 after buying an additional 1,372 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in Nuveen Arizona Quality Municipal Income Fund by 1.1% in the 2nd quarter. Cetera Investment Advisers now owns 99,843 shares of the investment management company’s stock valued at $1,114,000 after buying an additional 1,072 shares during the period. 15.28% of the stock is owned by hedge funds and other institutional investors.

Nuveen Arizona Quality Municipal Income Fund Company Profile

(Get Free Report)

Nuveen Arizona Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is managed by Nuveen Asset Management, LLC. It invests in the fixed income markets of Arizona. The fund invests in municipal securities and other related investments the income, exempt from regular federal and Arizona income taxes that are rated Baa or BBB or better and having an average maturity of 18.66 years.

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