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

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.48 and traded as high as $12.11. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.11, with a volume of 43,257 shares.

Nuveen Arizona Quality Municipal Income Fund Stock Up 1.3 %

The company’s 50 day simple moving average is $11.82 and its 200-day simple moving average is $11.48.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.0725 dividend. This represents a $0.87 annualized dividend and a yield of 7.18%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Stifel Financial Corp raised its position in shares of Nuveen Arizona Quality Municipal Income Fund by 50.4% during the 3rd quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company’s stock valued at $293,000 after buying an additional 8,305 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Nuveen Arizona Quality Municipal Income Fund by 1.1% during 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 in the last quarter. Whitebox Advisors LLC purchased a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter valued at $405,000. Commonwealth Equity Services LLC raised its position in shares of Nuveen Arizona Quality Municipal Income Fund by 4.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 26,762 shares of the investment management company’s stock valued at $299,000 after buying an additional 1,052 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC purchased a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter valued at $34,000. 15.28% of the stock is currently owned by hedge funds and other institutional investors.

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.