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

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.86 and traded as high as $12.49. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.38, with a volume of 22,804 shares traded.

Nuveen Arizona Quality Municipal Income Fund Trading Up 1.7 %

The firm’s 50 day simple moving average is $11.95 and its two-hundred day simple moving average is $11.86.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.0725 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date is Friday, February 14th.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC grew its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 12.7% in the fourth quarter. LPL Financial LLC now owns 31,390 shares of the investment management company’s stock worth $357,000 after purchasing an additional 3,530 shares in the last quarter. Brooklyn FI LLC purchased a new stake in Nuveen Arizona Quality Municipal Income Fund during the fourth quarter valued at about $954,000. Commonwealth Equity Services LLC boosted its stake in Nuveen Arizona Quality Municipal Income Fund by 3.8% in the 4th 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. Raymond James Financial Inc. purchased a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the fourth quarter valued at $472,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in Nuveen Arizona Quality Municipal Income Fund during the 4th quarter valued at about $329,000. 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.