Shares of Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.44 and traded as high as $12.49. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.48, with a volume of 17,032 shares trading hands.
Nuveen Arizona Quality Municipal Income Fund Stock Performance
The firm's 50 day moving average is $12.57 and its 200 day moving average is $12.44.
Nuveen Arizona Quality Municipal Income Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a $0.062 dividend. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, August 14th.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its position in shares of Nuveen Arizona Quality Municipal Income Fund by 11.1% in the first quarter. Royal Bank of Canada now owns 23,983 shares of the investment management company's stock worth $289,000 after buying an additional 2,391 shares in the last quarter. NewEdge Advisors LLC purchased a new position in Nuveen Arizona Quality Municipal Income Fund during the first quarter worth about $211,000. Diversify Wealth Management LLC purchased a new position in Nuveen Arizona Quality Municipal Income Fund during the second quarter worth about $169,000. 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. Finally, Bank of America Corp DE increased its stake in Nuveen Arizona Quality Municipal Income Fund by 14.1% in the 2nd quarter. Bank of America Corp DE now owns 37,054 shares of the investment management company's stock worth $433,000 after acquiring an additional 4,593 shares during the last quarter. 15.28% of the stock is currently owned by hedge funds and other institutional investors.
Nuveen Arizona Quality Municipal Income Fund Company Profile
(
Get Free Report)
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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