Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ) crossed above its 200‑day moving average
• The fund declared a monthly dividend of $0.0655 payable May 1 to shareholders of record April 15 (ex‑dividend date April 15), implying an annualized yield of about 6.3%.
• NAZ is a closed‑end fund managed by Nuveen that invests in investment‑grade, Arizona municipal bonds to provide tax‑exempt income, and roughly 15.3% of the shares are held by institutional investors amid recent modest inflows.

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.08 and traded as high as $12.55. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.53, with a volume of 13,578 shares.

Nuveen Arizona Quality Municipal Income Fund Price Performance

The company's 50-day simple moving average is $12.29 and its 200 day simple moving average is $12.08.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be paid a $0.0655 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Wednesday, April 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC purchased a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the 3rd quarter valued at 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 second quarter worth $169,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the first quarter worth $211,000. 15.28% of the stock is owned by institutional investors and hedge funds.

Nuveen Arizona Quality Municipal Income Fund Company Profile

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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