Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Plans $0.07 Monthly Dividend

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) announced a monthly dividend on Monday, December 1st. Shareholders of record on Monday, December 15th will be given a dividend of 0.0655 per share by the investment management company on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date is Monday, December 15th.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

Shares of NYSE NAZ traded down $0.06 during midday trading on Tuesday, hitting $11.93. 265 shares of the company’s stock were exchanged, compared to its average volume of 21,008. Nuveen Arizona Quality Municipal Income Fund has a 12 month low of $11.28 and a 12 month high of $13.55. The company’s 50 day moving average price is $11.93 and its 200 day moving average price is $11.80.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC bought a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the third quarter valued at about $30,000. Ameriflex Group Inc. grew its stake in Nuveen Arizona Quality Municipal Income Fund by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 8,620 shares of the investment management company’s stock valued at $102,000 after buying an additional 4,310 shares during the last quarter. Plan Group Financial LLC bought a new position in Nuveen Arizona Quality Municipal Income Fund in the 2nd quarter valued at about $139,000. Diversify Wealth Management LLC acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the second quarter valued at approximately $169,000. Finally, NewEdge Advisors LLC acquired a new stake in Nuveen Arizona Quality Municipal Income Fund during the 1st quarter worth approximately $211,000. 15.28% of the stock is currently owned by institutional investors and hedge funds.

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.