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

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) declared a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be paid a dividend of 0.062 per share by the investment management company on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, August 14th.

Nuveen Arizona Quality Municipal Income Fund Stock Up 1.0%

NYSE:NAZ opened at $12.22 on Tuesday. Nuveen Arizona Quality Municipal Income Fund has a fifty-two week low of $11.62 and a fifty-two week high of $13.42. The company has a 50 day moving average price of $12.63 and a 200 day moving average price of $12.43.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers raised its position in Nuveen Arizona Quality Municipal Income Fund by 1.5% in the 4th quarter. Cetera Investment Advisers now owns 99,758 shares of the investment management company’s stock valued at $1,185,000 after purchasing an additional 1,509 shares during the last quarter. Royal Bank of Canada boosted its holdings in Nuveen Arizona Quality Municipal Income Fund by 12.3% in the 4th quarter. Royal Bank of Canada now owns 18,712 shares of the investment management company’s stock valued at $222,000 after purchasing an additional 2,056 shares in the last quarter. Stifel Financial Corp grew its holdings in Nuveen Arizona Quality Municipal Income Fund by 7.7% during the fourth quarter. Stifel Financial Corp now owns 39,721 shares of the investment management company’s stock worth $472,000 after acquiring an additional 2,832 shares during the period. CoreCap Advisors LLC increased its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 66.7% in the 2nd quarter. CoreCap Advisors LLC now owns 7,500 shares of the investment management company’s stock valued at $94,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in Nuveen Arizona Quality Municipal Income Fund by 8.1% in the second quarter. Raymond James Financial Inc. now owns 51,009 shares of the investment management company’s stock valued at $596,000 after buying an additional 3,813 shares in the last quarter. Institutional investors and hedge funds 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.