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

Shares of Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 Price Performance

The business’s fifty day moving average price is $12.30 and its two-hundred day moving average price is $12.04.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The company 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 of this dividend is Tuesday, April 15th. This represents a $0.87 annualized dividend and a yield of 7.41%.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

Institutional investors have recently made changes to their positions in the business. Ameriflex Group Inc. purchased a new stake in Nuveen Arizona Quality Municipal Income Fund during the 4th quarter worth approximately $53,000. Bartlett & CO. Wealth Management LLC lifted its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 4.3% during 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 during the period. Stifel Financial Corp lifted its stake in shares of 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 purchased a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the fourth quarter valued at $329,000. Finally, Commonwealth Equity Services LLC increased its position in shares of Nuveen Arizona Quality Municipal Income Fund by 3.8% in 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 during the period. Institutional investors and hedge funds 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.