Nuveen Arizona Quality Municipal Income Fund (NAZ) to Issue Monthly Dividend of $0.06 on July 1st

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) declared a monthly dividend on Monday, June 1st. Investors of record on Monday, June 15th will be paid a dividend of 0.062 per share by the investment management company on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Monday, June 15th.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

Shares of Nuveen Arizona Quality Municipal Income Fund stock opened at $13.00 on Friday. The business has a 50 day moving average of $12.71 and a 200 day moving average of $12.29. Nuveen Arizona Quality Municipal Income Fund has a 52 week low of $11.49 and a 52 week high of $13.42.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in NAZ. Royal Bank of Canada raised its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 11.1% during the first quarter. Royal Bank of Canada now owns 23,983 shares of the investment management company’s stock valued at $289,000 after acquiring an additional 2,391 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the first quarter valued at approximately $211,000. Diversify Wealth Management LLC bought a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the second quarter valued at approximately $169,000. Raymond James Financial Inc. raised its holdings in shares of 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 acquiring an additional 3,813 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Nuveen Arizona Quality Municipal Income Fund by 14.1% during the second quarter. Bank of America Corp DE now owns 37,054 shares of the investment management company’s stock valued at $433,000 after acquiring an additional 4,593 shares in the last quarter. Institutional investors own 15.28% of the company’s stock.

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.