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

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

The stock’s 50-day moving average is $12.36 and its 200 day moving average is $12.02.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brooklyn FI LLC purchased a new stake in Nuveen Arizona Quality Municipal Income Fund in the fourth quarter valued at about $954,000. Ameriflex Group Inc. acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the fourth quarter valued at about $53,000. Western Wealth Management LLC increased its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 2.5% during the fourth quarter. Western Wealth Management LLC now owns 40,876 shares of the investment management company’s stock valued at $465,000 after acquiring an additional 987 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Nuveen Arizona Quality Municipal Income Fund by 1.8% in the 4th quarter. Cetera Investment Advisers now owns 103,389 shares of the investment management company’s stock valued at $1,176,000 after purchasing an additional 1,787 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in Nuveen Arizona Quality Municipal Income Fund by 54.1% in the 4th quarter. Stifel Financial Corp now owns 38,208 shares of the investment management company’s stock worth $435,000 after purchasing an additional 13,419 shares in the last quarter. 15.28% of the stock is currently owned by hedge funds and other 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.