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

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) declared a monthly dividend on Wednesday, July 1st. Shareholders 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 yield of 5.9%. The ex-dividend date of this dividend is Wednesday, July 15th.

Nuveen Arizona Quality Municipal Income Fund Price Performance

Shares of NAZ opened at $12.63 on Thursday. Nuveen Arizona Quality Municipal Income Fund has a 12 month low of $11.50 and a 12 month high of $13.42. The stock’s 50 day moving average is $12.74 and its two-hundred day moving average is $12.35.

Institutional Investors Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of institutional investors have recently added to or reduced their stakes in NAZ. CoreCap Advisors LLC increased its holdings in Nuveen Arizona Quality Municipal Income Fund by 125.0% in the 4th quarter. CoreCap Advisors LLC now owns 4,500 shares of the investment management company’s stock worth $53,000 after acquiring an additional 2,500 shares in the last quarter. Ameriflex Group Inc. lifted its holdings in Nuveen Arizona Quality Municipal Income Fund by 100.0% during the third quarter. Ameriflex Group Inc. now owns 8,620 shares of the investment management company’s stock valued at $102,000 after purchasing an additional 4,310 shares in the last quarter. Diversify Wealth Management LLC purchased a new position in Nuveen Arizona Quality Municipal Income Fund during the second quarter valued at $169,000. NewEdge Advisors LLC acquired a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the first quarter valued at about $211,000. Finally, Royal Bank of Canada grew its position in shares of Nuveen Arizona Quality Municipal Income Fund by 12.3% in the fourth 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 during the period. 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.