Nuveen Arizona Quality Municipal Income Fund (NAZ) to Issue Monthly Dividend of $0.07 on February 2nd

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Thursday, January 15th will be given a dividend of 0.0655 per share by the investment management company on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Thursday, January 15th.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

NYSE NAZ traded up $0.01 on Tuesday, reaching $12.05. 160 shares of the stock traded hands, compared to its average volume of 36,120. Nuveen Arizona Quality Municipal Income Fund has a 12 month low of $11.40 and a 12 month high of $13.55. The firm’s fifty day simple moving average is $11.94 and its 200 day simple moving average is $11.87.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in NAZ. Raymond James Financial Inc. lifted its stake in Nuveen Arizona Quality Municipal Income Fund by 8.1% during the second quarter. Raymond James Financial Inc. now owns 51,009 shares of the investment management company’s stock valued at $596,000 after purchasing an additional 3,813 shares during the last quarter. Alpha Cubed Investments LLC increased its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 41.5% in the second quarter. Alpha Cubed Investments LLC now owns 118,363 shares of the investment management company’s stock valued at $1,384,000 after buying an additional 34,737 shares in the last quarter. Plan Group Financial LLC acquired a new stake in shares of Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter valued at $139,000. Ameriflex Group Inc. boosted its stake in shares of Nuveen Arizona Quality Municipal Income Fund by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 8,620 shares of the investment management company’s stock worth $102,000 after acquiring an additional 4,310 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 11.1% in the 1st quarter. Royal Bank of Canada now owns 23,983 shares of the investment management company’s stock worth $289,000 after acquiring an additional 2,391 shares during the last quarter. 15.28% of the stock is currently owned by institutional investors.

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.