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

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

The business's 50-day moving average is $11.76 and its 200-day moving average is $11.97.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NAZ. Ameriflex Group Inc. bought a new stake in Nuveen Arizona Quality Municipal Income Fund during the 4th quarter valued at about $53,000. Key Financial Inc bought a new stake in Nuveen Arizona Quality Municipal Income Fund during the 1st quarter valued at about $61,000. NewEdge Advisors LLC bought a new stake in Nuveen Arizona Quality Municipal Income Fund during the 1st quarter valued at about $211,000. Royal Bank of Canada grew its stake 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 acquiring an additional 2,391 shares during the period. Finally, Bartlett & CO. Wealth Management LLC grew its stake 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 acquiring an additional 2,000 shares during the period. 15.28% of the stock is owned by hedge funds and other 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.