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)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.38 and traded as high as $12.68. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.63, with a volume of 21,670 shares.

Nuveen Arizona Quality Municipal Income Fund Trading Up 0.9%

The company has a 50-day moving average price of $12.75 and a two-hundred day moving average price of $12.38.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.062 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 5.9%.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

Several institutional investors have recently made changes to their positions in NAZ. LPL Financial LLC increased its stake in Nuveen Arizona Quality Municipal Income Fund by 129.0% in the fourth quarter. LPL Financial LLC now owns 120,906 shares of the investment management company’s stock worth $1,436,000 after purchasing an additional 68,109 shares during the period. Western Wealth Management LLC purchased a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the first quarter valued at $627,000. Wells Fargo & Company MN grew its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 27.0% in the fourth quarter. Wells Fargo & Company MN now owns 169,885 shares of the investment management company’s stock worth $2,018,000 after purchasing an additional 36,090 shares during the last quarter. Independent Financial Group LLC bought a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the first quarter worth about $245,000. Finally, NewEdge Advisors LLC purchased a new position in Nuveen Arizona Quality Municipal Income Fund in the 1st quarter worth about $211,000. Institutional investors own 15.28% of the company’s stock.

Nuveen Arizona Quality Municipal Income Fund Company Profile

Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income that is exempt from regular U.S. federal income tax. Managed by Nuveen Asset Management, the fund focuses on investment-grade municipal obligations issued by or on behalf of entities located in the state of Arizona. Its portfolio typically includes general obligation bonds, revenue bonds and essential-purpose municipal securities backed by state and local governments and quasi-governmental agencies.

The fund employs fundamental credit analysis to select bonds that meet rigorous quality standards, aiming to preserve principal while generating tax-advantaged income.