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

Key Points

• Price breakout: NAZ shares crossed above their 200‑day moving average (200‑day MA $12.02), trading as high as $12.69 on the move.
• Dividend yield and dates: The fund declared a monthly dividend of $0.0655 (annualized yield ~6.2%), with an ex‑dividend and record date on April 15 and payment on May 1.
• Fund focus: NAZ is a closed‑end municipal bond fund managed by Nuveen that invests in investment‑grade, Arizona‑issued municipal obligations to provide federally tax‑exempt income.

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 $12.02 and traded as high as $12.69. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.69, with a volume of 15,860 shares trading hands.

Nuveen Arizona Quality Municipal Income Fund Price Performance

The company has a 50 day moving average of $12.18 and a 200 day moving average of $12.02.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be paid a $0.0655 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) annualized dividend and a yield of 6.2%.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted 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 valued at $433,000 after buying an additional 4,593 shares in the last quarter. Raymond James Financial Inc. boosted 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 valued at $596,000 after buying an additional 3,813 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Nuveen Arizona Quality Municipal Income Fund by 27.0% in the 4th quarter. Wells Fargo & Company MN now owns 169,885 shares of the investment management company's stock valued at $2,018,000 after buying an additional 36,090 shares in the last quarter. LPL Financial LLC boosted its stake in Nuveen Arizona Quality Municipal Income Fund by 129.0% in the 4th quarter. LPL Financial LLC now owns 120,906 shares of the investment management company's stock valued at $1,436,000 after buying an additional 68,109 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in Nuveen Arizona Quality Municipal Income Fund by 1.5% in the 4th quarter. Cetera Investment Advisers now owns 99,758 shares of the investment management company's stock valued at $1,185,000 after buying an additional 1,509 shares in the last quarter. Institutional investors and hedge funds own 15.28% of the company's stock.

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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