Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.02 and traded as high as $12.02. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.00, with a volume of 21,907 shares.

Nuveen Arizona Quality Municipal Income Fund Stock Down 0.6 %

The company has a 50 day simple moving average of $12.36 and a 200-day simple moving average of $12.02.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.0725 dividend. This represents a $0.87 annualized dividend and a yield of 7.25%. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

Hedge funds have recently made changes to their positions in the business. Ameriflex Group Inc. acquired a new position in Nuveen Arizona Quality Municipal Income Fund during the fourth quarter worth $53,000. Bartlett & CO. Wealth Management LLC boosted its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 4.3% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 24,400 shares of the investment management company’s stock worth $278,000 after buying an additional 1,000 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 50.4% in the 3rd quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company’s stock valued at $293,000 after acquiring an additional 8,305 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the fourth quarter valued at about $329,000. Finally, Commonwealth Equity Services LLC raised its holdings in Nuveen Arizona Quality Municipal Income Fund by 3.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 29,292 shares of the investment management company’s stock worth $333,000 after acquiring an additional 1,076 shares in the last quarter. 15.28% of the stock is owned by 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.