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

Key Points

• Nuveen Arizona Quality Municipal Income Fund has declared a monthly dividend of $0.0655 per share, with an annualized yield of 6.6%, payable on October 1st to shareholders of record as of September 15th.
• The fund's stock price increased by 0.2% to $11.95, with a 52-week range between a low of $11.28 and a high of $13.55.
• Institutional investors have recently increased their holdings in the fund, with notable increases from Western Wealth Management and Royal Bank of Canada, contributing to 15.28% of the stock being owned by institutional investors.

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ - Get Free Report) declared a monthly dividend on Wednesday, September 3rd, Wall Street Journal reports. Shareholders of record on Monday, September 15th will be paid a dividend of 0.0655 per share by the investment management company on Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Monday, September 15th.

Nuveen Arizona Quality Municipal Income Fund Stock Up 0.2%

Shares of NYSE:NAZ traded up $0.02 on Wednesday, reaching $11.95. 16,390 shares of the company traded hands, compared to its average volume of 19,850. The business's 50-day simple moving average is $11.79 and its 200 day simple moving average is $11.92. Nuveen Arizona Quality Municipal Income Fund has a 52 week low of $11.28 and a 52 week high of $13.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Western Wealth Management LLC lifted its holdings in Nuveen Arizona Quality Municipal Income Fund by 2.5% in the fourth quarter. Western Wealth Management LLC now owns 40,876 shares of the investment management company's stock valued at $465,000 after acquiring an additional 987 shares during the period. Cetera Investment Advisers increased its holdings in Nuveen Arizona Quality Municipal Income Fund by 1.7% in the 1st quarter. Cetera Investment Advisers now owns 105,111 shares of the investment management company's stock valued at $1,268,000 after acquiring an additional 1,722 shares during the last quarter. Bartlett & CO. Wealth Management LLC increased its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 8.2% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 26,400 shares of the investment management company's stock worth $320,000 after purchasing an additional 2,000 shares during the last quarter. Royal Bank of Canada increased its stake in Nuveen Arizona Quality Municipal Income Fund by 11.1% in the 1st quarter. Royal Bank of Canada now owns 23,983 shares of the investment management company's stock worth $289,000 after acquiring an additional 2,391 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in Nuveen Arizona Quality Municipal Income Fund by 8.1% in the 2nd quarter. Raymond James Financial Inc. now owns 51,009 shares of the investment management company's stock worth $596,000 after acquiring an additional 3,813 shares during 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.