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

Key Points

• NAZ crossed above its 200-day moving average: shares last traded at $12.42 and traded as high as $12.55, above the 200‑day SMA of $11.96 on Wednesday (volume ~30,190).
• Monthly dividend announced: the fund declared a $0.0655 per share dividend (ex‑dividend and record date March 13) payable April 1, implying an annualized yield of about 6.3%.
• Institutional activity and fund focus: LPL and Wells Fargo increased positions recently and institutional ownership is about 15.28%; NAZ is a closed‑end, Arizona‑focused municipal bond fund managed by Nuveen that seeks tax‑exempt income.

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ - Get Free Report)'s stock price 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 $12.55. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.42, with a volume of 30,190 shares trading hands.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

The company's 50 day simple moving average is $12.08 and its two-hundred day simple moving average is $11.96.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a dividend of $0.0655 per share. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 6.3%.

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 business. LPL Financial LLC boosted its stake in Nuveen Arizona Quality Municipal Income Fund by 129.0% in the fourth quarter. LPL Financial LLC now owns 120,906 shares of the investment management company's stock worth $1,436,000 after purchasing an additional 68,109 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 27.0% in the fourth 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. NewEdge Advisors LLC acquired a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the first quarter valued at $211,000. Diversify Wealth Management LLC bought a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the second quarter valued at about $169,000. Finally, Plan Group Financial LLC acquired a new position in Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter worth about $139,000. 15.28% of the stock is owned by institutional investors and hedge funds.

About Nuveen Arizona Quality Municipal Income Fund

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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