Nuveen Arizona Quality Municipal Income Fund Announces Monthly Dividend of $0.07 (NYSE:NAZ)

Key Points

• Nuveen Arizona Quality Municipal Income Fund announced a monthly dividend of $0.0655 per share, payable May 1 to stockholders of record on April 15 (ex-dividend date April 15), representing an annualized yield of about 6.3%.
• The fund is a closed-end vehicle managed by Nuveen Asset Management that invests in investment-grade municipal bonds issued in Arizona to provide federally tax-exempt income.
• NAZ shares traded at $12.42 with light volume versus average, a 52-week range of $11.40–$12.69, and institutional/hedge fund ownership is about 15.28% after several recent additions and position increases.

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ - Get Free Report) announced a monthly dividend on Wednesday, April 1st. Stockholders of record on Wednesday, April 15th will be given a dividend of 0.0655 per share by the investment management company on Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Wednesday, April 15th.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

Shares of NAZ traded down $0.03 during trading hours on Monday, hitting $12.42. 4,143 shares of the company were exchanged, compared to its average volume of 30,124. The firm's 50 day moving average is $12.19 and its 200-day moving average is $12.03. Nuveen Arizona Quality Municipal Income Fund has a 52 week low of $11.40 and a 52 week high of $12.69.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

Large investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the 3rd quarter worth about $30,000. CoreCap Advisors LLC lifted its position in shares of Nuveen Arizona Quality Municipal Income Fund by 125.0% during the 4th quarter. CoreCap Advisors LLC now owns 4,500 shares of the investment management company's stock worth $53,000 after purchasing an additional 2,500 shares during the last quarter. Ameriflex Group Inc. lifted its position in shares of Nuveen Arizona Quality Municipal Income Fund by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 8,620 shares of the investment management company's stock worth $102,000 after purchasing an additional 4,310 shares during the last quarter. Diversify Wealth Management LLC acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter worth about $169,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the 1st quarter worth about $211,000. Institutional investors and hedge funds own 15.28% of the company's stock.

About Nuveen Arizona Quality Municipal Income Fund

Nuveen Arizona Quality Municipal Income Fund NYSE: NAZ is a closed-end management investment company that seeks to provide shareholders with a high level of current income that is exempt from regular U.S. federal income tax. Managed by Nuveen Asset Management, the fund focuses on investment-grade municipal obligations issued by or on behalf of entities located in the state of Arizona. Its portfolio typically includes general obligation bonds, revenue bonds and essential-purpose municipal securities backed by state and local governments and quasi-governmental agencies.

The fund employs fundamental credit analysis to select bonds that meet rigorous quality standards, aiming to preserve principal while generating tax-advantaged income.

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