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

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.02 and traded as high as $12.02. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.00, with a volume of 21,907 shares trading hands.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

The company has a 50 day moving average price of $12.36 and a 200 day moving average price of $12.02.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 yield of 7.25%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NAZ. Ameriflex Group Inc. bought a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the fourth quarter worth approximately $53,000. Bartlett & CO. Wealth Management LLC boosted its stake in Nuveen Arizona Quality Municipal Income Fund by 4.3% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 24,400 shares of the investment management company’s stock valued at $278,000 after purchasing an additional 1,000 shares during the period. Stifel Financial Corp grew its holdings in Nuveen Arizona Quality Municipal Income Fund by 50.4% in 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. Kingswood Wealth Advisors LLC bought a new position in Nuveen Arizona Quality Municipal Income Fund during the 4th quarter worth $329,000. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of 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 buying an additional 1,076 shares in the last quarter. 15.28% of the stock is owned by institutional investors.

Nuveen Arizona Quality Municipal Income Fund Company Profile

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.