Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Stock Crosses Above 200-Day Moving Average – What’s Next?

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.34 and traded as high as $11.66. Nuveen Arizona Quality Municipal Income Fund shares last traded at $11.61, with a volume of 6,175 shares trading hands.

Nuveen Arizona Quality Municipal Income Fund Stock Up 0.3 %

The company’s 50 day simple moving average is $11.76 and its 200 day simple moving average is $11.34.

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 issued a $0.0725 dividend. This represents a $0.87 annualized dividend and a dividend yield of 7.49%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

Several large investors have recently modified their holdings of NAZ. Cetera Advisors LLC boosted its holdings in shares of 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 acquiring an additional 1,372 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 4.1% in the second quarter. Commonwealth Equity Services LLC now owns 26,762 shares of the investment management company’s stock valued at $299,000 after acquiring an additional 1,052 shares during the period. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the second quarter valued at approximately $34,000. Whitebox Advisors LLC acquired a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the second quarter worth $405,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 1.1% during the second quarter. Cetera Investment Advisers now owns 99,843 shares of the investment management company’s stock worth $1,114,000 after purchasing an additional 1,072 shares during the period. 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.