Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Shares Cross Above 200 Day Moving Average of $11.22

Shares of Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.22 and traded as high as $11.93. Nuveen Arizona Quality Municipal Income Fund shares last traded at $11.91, with a volume of 64,974 shares traded.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

The business has a 50 day moving average price of $11.70 and a 200-day moving average price of $11.22.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were given a $0.0725 dividend. This represents a $0.87 annualized dividend and a yield of 7.30%. The ex-dividend date of this dividend was Friday, September 13th.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter worth approximately $34,000. Commonwealth Equity Services LLC boosted 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 purchasing an additional 1,052 shares in the last quarter. Whitebox Advisors LLC acquired a new stake in Nuveen Arizona Quality Municipal Income Fund in the second quarter valued at $405,000. Cetera Advisors LLC grew its holdings in Nuveen Arizona Quality Municipal Income Fund by 1.5% in the first quarter. Cetera Advisors LLC now owns 94,537 shares of the investment management company’s stock valued at $1,038,000 after purchasing an additional 1,372 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Nuveen Arizona Quality Municipal Income Fund by 1.1% in the second 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 in 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 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.