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

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.92 and traded as high as $12.67. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.65, with a volume of 27,874 shares traded.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

The firm’s 50-day simple moving average is $12.00 and its two-hundred day simple moving average is $11.92.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.0725 dividend. This represents a $0.87 annualized dividend and a dividend yield of 6.88%. The ex-dividend date is Friday, February 14th.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

Large investors have recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in Nuveen Arizona Quality Municipal Income Fund during the fourth quarter worth $53,000. Bartlett & CO. Wealth Management LLC raised its position in Nuveen Arizona Quality Municipal Income Fund by 4.3% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 24,400 shares of the investment management company’s stock worth $278,000 after acquiring an additional 1,000 shares during the period. Stifel Financial Corp raised its position in Nuveen Arizona Quality Municipal Income Fund by 50.4% during the third quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company’s stock worth $293,000 after acquiring an additional 8,305 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in Nuveen Arizona Quality Municipal Income Fund during the fourth quarter worth $329,000. Finally, Commonwealth Equity Services LLC raised its position in Nuveen Arizona Quality Municipal Income Fund by 3.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 29,292 shares of the investment management company’s stock worth $333,000 after acquiring an additional 1,076 shares during the period. 15.28% of the stock is currently 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.