Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.04 and traded as high as $12.06. Nuveen Arizona Quality Municipal Income Fund shares last traded at $11.71, with a volume of 22,178 shares changing hands.

Nuveen Arizona Quality Municipal Income Fund Trading Up 0.4 %

The stock has a 50 day moving average of $12.30 and a 200-day moving average of $12.04.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a $0.0725 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.87 dividend on an annualized basis and a yield of 7.41%.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Ameriflex Group Inc. bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the 4th quarter valued at about $53,000. Bartlett & CO. Wealth Management LLC raised its stake in Nuveen Arizona Quality Municipal Income Fund by 4.3% in the fourth 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 in the last quarter. Stifel Financial Corp lifted its holdings in Nuveen Arizona Quality Municipal Income Fund by 50.4% during the third quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company’s stock worth $293,000 after buying an additional 8,305 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in Nuveen Arizona Quality Municipal Income Fund during the 4th quarter valued at $329,000. Finally, Commonwealth Equity Services LLC boosted its position in Nuveen Arizona Quality Municipal Income Fund by 3.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 29,292 shares of the investment management company’s stock valued at $333,000 after acquiring an additional 1,076 shares in the last quarter. 15.28% of the stock is owned by institutional investors.

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.