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) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.33 and traded as high as $12.77. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.63, with a volume of 25,434 shares changing hands.

Nuveen Arizona Quality Municipal Income Fund Trading Down 1.1%

The company has a fifty day moving average of $12.74 and a two-hundred day moving average of $12.33.

Nuveen Arizona Quality Municipal Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a dividend of $0.062 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

Several institutional investors have recently made changes to their positions in the company. CoreCap Advisors LLC boosted its stake in shares of 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 worth $53,000 after purchasing an additional 2,500 shares during the period. Ameriflex Group Inc. raised its position 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 worth $102,000 after purchasing an additional 4,310 shares during the period. Diversify Wealth Management LLC bought a new stake in Nuveen Arizona Quality Municipal Income Fund in the second quarter worth about $169,000. NewEdge Advisors LLC bought a new stake in Nuveen Arizona Quality Municipal Income Fund in the first quarter worth about $211,000. Finally, Royal Bank of Canada boosted its position in shares of Nuveen Arizona Quality Municipal Income Fund by 12.3% during the fourth quarter. Royal Bank of Canada now owns 18,712 shares of the investment management company’s stock valued at $222,000 after buying an additional 2,056 shares during the period. 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.