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

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.48 and traded as high as $12.11. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.11, with a volume of 43,257 shares traded.

Nuveen Arizona Quality Municipal Income Fund Stock Up 1.2 %

The business has a fifty day moving average of $11.83 and a 200 day moving average of $11.50.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.0725 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.87 dividend on an annualized basis and a yield of 7.10%.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of hedge funds have recently added to or reduced their stakes in NAZ. Blue Bell Private Wealth Management LLC acquired a new position in Nuveen Arizona Quality Municipal Income Fund during the second quarter valued at approximately $34,000. Stifel Financial Corp grew 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 valued at $293,000 after purchasing an additional 8,305 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Nuveen Arizona Quality Municipal Income Fund by 4.1% during the second quarter. Commonwealth Equity Services LLC now owns 26,762 shares of the investment management company’s stock valued at $299,000 after purchasing an additional 1,052 shares during the last quarter. Whitebox Advisors LLC acquired a new position in Nuveen Arizona Quality Municipal Income Fund during the second quarter valued at approximately $405,000. Finally, Cetera Advisors LLC grew its holdings in Nuveen Arizona Quality Municipal Income Fund by 1.5% during the first quarter. Cetera Advisors LLC now owns 94,537 shares of the investment management company’s stock valued at $1,038,000 after purchasing an additional 1,372 shares during 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 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.