Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Shareholders Set to Receive $0.06 Monthly Dividend

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) announced a monthly dividend on Thursday, October 1st. Investors of record on Thursday, October 15th will be paid a dividend of $0.0620 per share by the investment management company on Monday, November 2nd. This represents a $0.74 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Thursday, October 15th.

Nuveen Arizona Quality Municipal Income Fund Trading Up 1.2%

Shares of NAZ opened at $10.95 on Friday. Nuveen Arizona Quality Municipal Income Fund has a 52 week low of $10.18 and a 52 week high of $13.42. The stock has a 50 day moving average of $11.95 and a 200-day moving average of $12.37.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

Hedge funds have recently added to or reduced their stakes in the business. CoreCap Advisors LLC raised its stake 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 worth $94,000 after buying an additional 3,000 shares in the last quarter. Allworth Financial LP bought a new position in Nuveen Arizona Quality Municipal Income Fund during the second quarter valued at approximately $108,000. Independent Financial Group LLC bought a new stake in Nuveen Arizona Quality Municipal Income Fund in the first quarter worth approximately $245,000. Diversify Advisory Services LLC acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter worth $343,000. Finally, Diversify Wealth Management LLC increased its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 36.5% during the 1st quarter. Diversify Wealth Management LLC now owns 28,036 shares of the investment management company’s stock worth $353,000 after purchasing an additional 7,500 shares during the last quarter. Institutional investors own 15.28% of the company’s stock.

Nuveen Arizona Quality Municipal Income Fund Company Profile

Nuveen Arizona Quality Municipal Income Fund is a closed-end investment fund that seeks to provide current income exempt from regular federal income tax and Arizona state personal income tax. The fund trades on the New York Stock Exchange under the symbol NAZ.

The fund invests primarily in municipal obligations issued by or on behalf of Arizona state and local governments, public agencies, and other governmental entities. These securities may help finance public infrastructure and services, including schools, transportation systems, utilities, health care facilities, and other community projects.