Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.64 and traded as high as $12.34. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.18, with a volume of 26,946 shares changing hands.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

The firm’s 50-day moving average price is $11.98 and its 200 day moving average price is $11.65.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.0725 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.87 annualized dividend and a dividend yield of 7.23%.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of institutional investors have recently made changes to their positions in NAZ. Stifel Financial Corp boosted its holdings in Nuveen Arizona Quality Municipal Income Fund by 50.4% in the third quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company’s stock worth $293,000 after purchasing an additional 8,305 shares during the period. Cetera Investment Advisers lifted its position in shares of Nuveen Arizona Quality Municipal Income Fund by 1.1% in the 2nd quarter. Cetera Investment Advisers now owns 99,843 shares of the investment management company’s stock worth $1,114,000 after buying an additional 1,072 shares during the last quarter. Whitebox Advisors LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter valued at about $405,000. Commonwealth Equity Services LLC raised its stake in Nuveen Arizona Quality Municipal Income Fund by 4.1% during the second quarter. Commonwealth Equity Services LLC now owns 26,762 shares of the investment management company’s stock worth $299,000 after acquiring an additional 1,052 shares during the period. Finally, Blue Bell Private Wealth Management LLC bought a new position in Nuveen Arizona Quality Municipal Income Fund in the second quarter worth about $34,000. 15.28% of the stock is currently 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.