Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Stock Price Passes Above 200-Day Moving Average of $10.63

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.63 and traded as high as $10.90. Nuveen Arizona Quality Municipal Income Fund shares last traded at $10.87, with a volume of 28,524 shares.

Nuveen Arizona Quality Municipal Income Fund Trading Up 0.5 %

The firm has a 50-day simple moving average of $10.83 and a 200 day simple moving average of $10.64.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a dividend of $0.0425 per share. This represents a $0.51 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend is Tuesday, May 14th.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Saba Capital Management L.P. increased its stake in Nuveen Arizona Quality Municipal Income Fund by 1,619.4% during the 3rd quarter. Saba Capital Management L.P. now owns 180,171 shares of the investment management company’s stock valued at $1,735,000 after purchasing an additional 169,692 shares in the last quarter. Matisse Capital increased its position in shares of Nuveen Arizona Quality Municipal Income Fund by 21.9% during the fourth quarter. Matisse Capital now owns 148,851 shares of the investment management company’s stock valued at $1,594,000 after acquiring an additional 26,718 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in Nuveen Arizona Quality Municipal Income Fund by 8.9% in the 4th quarter. Wolverine Asset Management LLC now owns 99,280 shares of the investment management company’s stock worth $1,063,000 after acquiring an additional 8,149 shares during the last quarter. Robinson Capital Management LLC lifted its position in Nuveen Arizona Quality Municipal Income Fund by 6.2% in the 4th quarter. Robinson Capital Management LLC now owns 70,472 shares of the investment management company’s stock valued at $756,000 after acquiring an additional 4,087 shares in the last quarter. Finally, AQR Arbitrage LLC boosted its stake in Nuveen Arizona Quality Municipal Income Fund by 199.0% during the 3rd quarter. AQR Arbitrage LLC now owns 58,882 shares of the investment management company’s stock valued at $567,000 after purchasing an additional 39,192 shares during the last quarter. Institutional investors own 15.28% of the company’s stock.

About Nuveen Arizona Quality Municipal Income Fund

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.