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Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Nuveen Arizona Quality Municipal Income Fund logo with Finance background

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.96 and traded as high as $11.97. Nuveen Arizona Quality Municipal Income Fund shares last traded at $11.90, with a volume of 61,977 shares changing hands.

Nuveen Arizona Quality Municipal Income Fund Price Performance

The stock's fifty day moving average price is $11.76 and its two-hundred day moving average price is $11.98.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be paid a dividend of $0.0725 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.87 annualized dividend and a yield of 7.34%.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Alpha Cubed Investments LLC acquired a new stake in Nuveen Arizona Quality Municipal Income Fund during the 1st quarter worth $1,009,000. Bartlett & CO. Wealth Management LLC increased its stake in 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 valued at $320,000 after purchasing an additional 2,000 shares during the period. Ameriflex Group Inc. acquired a new position in Nuveen Arizona Quality Municipal Income Fund in the fourth quarter valued at $53,000. Brooklyn FI LLC acquired a new position in Nuveen Arizona Quality Municipal Income Fund in the fourth quarter valued at $954,000. Finally, Western Wealth Management LLC increased its stake 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 purchasing an additional 987 shares during the period. 15.28% of the stock is currently owned by institutional investors and hedge funds.

About Nuveen Arizona Quality Municipal Income Fund

(Get Free Report)

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.

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