Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Shares of Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.34 and traded as high as $11.66. Nuveen Arizona Quality Municipal Income Fund shares last traded at $11.61, with a volume of 6,175 shares traded.

Nuveen Arizona Quality Municipal Income Fund Price Performance

The business has a fifty day simple moving average of $11.75 and a 200-day simple moving average of $11.35.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a $0.0725 dividend. This represents a $0.87 annualized dividend and a dividend yield of 7.54%. The ex-dividend date is Tuesday, October 15th.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of institutional investors have recently added to or reduced their stakes in NAZ. Cetera Investment Advisers boosted its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 1.1% in the 2nd quarter. Cetera Investment Advisers now owns 99,843 shares of the investment management company’s stock valued at $1,114,000 after purchasing an additional 1,072 shares during the last quarter. Whitebox Advisors LLC bought a new position in Nuveen Arizona Quality Municipal Income Fund in the second quarter worth approximately $405,000. Blue Bell Private Wealth Management LLC acquired a new stake in Nuveen Arizona Quality Municipal Income Fund in the 2nd quarter valued at $34,000. Commonwealth Equity Services LLC grew its holdings in shares of 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 buying an additional 1,052 shares during the last quarter. Finally, Cetera Advisors LLC increased its position in shares of 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 worth $1,038,000 after acquiring an additional 1,372 shares in the last quarter. 15.28% of the stock is owned by 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.