Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.48 and traded as high as $12.11. Nuveen Arizona Quality Municipal Income Fund shares last traded at $12.11, with a volume of 43,257 shares changing hands.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

The business’s 50 day simple moving average is $11.83 and its 200 day simple moving average is $11.50.

Nuveen Arizona Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.0725 per share. This represents a $0.87 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date of this dividend is Friday, November 15th.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of large investors have recently made changes to their positions in the business. Stifel Financial Corp increased its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 50.4% in the 3rd quarter. Stifel Financial Corp now owns 24,789 shares of the investment management company’s stock valued at $293,000 after purchasing an additional 8,305 shares during the period. Cetera Investment Advisers increased its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 1.1% in the 2nd quarter. Cetera Investment Advisers now owns 99,843 shares of the investment management company’s stock valued at $1,114,000 after purchasing an additional 1,072 shares during the period. Whitebox Advisors LLC acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the 2nd quarter valued at about $405,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund in the 2nd quarter valued at about $34,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 4.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 26,762 shares of the investment management company’s stock valued at $299,000 after purchasing an additional 1,052 shares during the period. Institutional investors and hedge funds own 15.28% of the company’s stock.

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.