Nuveen Arizona Quality Municipal Income Fund Declares Monthly Dividend of $0.06 (NYSE:NAZ)

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.062 per share by the investment management company on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Wednesday, July 15th.

Nuveen Arizona Quality Municipal Income Fund Trading Up 1.1%

Shares of NAZ opened at $12.63 on Thursday. Nuveen Arizona Quality Municipal Income Fund has a one year low of $11.50 and a one year high of $13.42. The stock has a 50 day moving average price of $12.74 and a 200 day moving average price of $12.35.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of large investors have recently modified their holdings of NAZ. Cetera Investment Advisers raised its position in shares of Nuveen Arizona Quality Municipal Income Fund by 1.5% in the fourth quarter. Cetera Investment Advisers now owns 99,758 shares of the investment management company’s stock valued at $1,185,000 after buying an additional 1,509 shares during the last quarter. Royal Bank of Canada grew its stake in Nuveen Arizona Quality Municipal Income Fund by 12.3% during the 4th quarter. Royal Bank of Canada now owns 18,712 shares of the investment management company’s stock valued at $222,000 after acquiring an additional 2,056 shares in the last quarter. CoreCap Advisors LLC grew its stake in Nuveen Arizona Quality Municipal Income Fund by 125.0% during the 4th quarter. CoreCap Advisors LLC now owns 4,500 shares of the investment management company’s stock valued at $53,000 after acquiring an additional 2,500 shares in the last quarter. Stifel Financial Corp grew its stake in Nuveen Arizona Quality Municipal Income Fund by 7.7% during the 4th quarter. Stifel Financial Corp now owns 39,721 shares of the investment management company’s stock valued at $472,000 after acquiring an additional 2,832 shares in the last quarter. Finally, Raymond James Financial Inc. raised 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 valued at $596,000 after acquiring an additional 3,813 shares during 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 (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.