Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.99 and traded as high as $12.50. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.35, with a volume of 35,205 shares changing hands.

Nuveen Arizona Quality Municipal Income Fund Stock Up 1.3 %

The stock has a fifty day moving average of $12.27 and a 200-day moving average of $11.99.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.0725 per share. The ex-dividend date is Friday, March 14th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 7.05%.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

Several hedge funds have recently modified their holdings of the stock. Stifel Financial Corp lifted its holdings in 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 worth $293,000 after buying an additional 8,305 shares in the last quarter. Bartlett & CO. Wealth Management LLC raised its position in shares of 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 last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the fourth quarter valued at $329,000. Raymond James Financial Inc. bought a new position in Nuveen Arizona Quality Municipal Income Fund in the fourth quarter valued at about $472,000. Finally, Commonwealth Equity Services LLC increased its position in Nuveen Arizona Quality Municipal Income Fund by 3.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 29,292 shares of the investment management company’s stock worth $333,000 after purchasing an additional 1,076 shares during the period. 15.28% of the stock is owned by 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.