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 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.91 and traded as high as $11.99. Nuveen Arizona Quality Municipal Income Fund shares last traded at $11.82, with a volume of 30,286 shares trading hands.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

The company’s fifty day moving average is $11.81 and its 200-day moving average is $11.91.

Nuveen Arizona Quality Municipal Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a $0.0655 dividend. The ex-dividend date is Monday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.6%.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Western Wealth Management LLC boosted its holdings in Nuveen Arizona Quality Municipal Income Fund by 2.5% in the fourth quarter. Western Wealth Management LLC now owns 40,876 shares of the investment management company’s stock worth $465,000 after acquiring an additional 987 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 1.7% during the 1st quarter. Cetera Investment Advisers now owns 105,111 shares of the investment management company’s stock valued at $1,268,000 after purchasing an additional 1,722 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 8.2% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 26,400 shares of the investment management company’s stock worth $320,000 after acquiring an additional 2,000 shares in the last quarter. Royal Bank of Canada grew its holdings in Nuveen Arizona Quality Municipal Income Fund by 11.1% in the first quarter. Royal Bank of Canada now owns 23,983 shares of the investment management company’s stock valued at $289,000 after purchasing an additional 2,391 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in Nuveen Arizona Quality Municipal Income Fund by 8.1% in the 2nd quarter. Raymond James Financial Inc. now owns 51,009 shares of the investment management company’s stock worth $596,000 after acquiring an additional 3,813 shares in the last quarter. Hedge funds and other 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.