Northside Capital Management LLC Cuts Holdings in Nuveen Arizona Premium Income Mun Fd (NYSE:NAZ)

Northside Capital Management LLC decreased its position in Nuveen Arizona Premium Income Mun Fd (NYSE:NAZ) by 14.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,371 shares of the investment management company’s stock after selling 1,898 shares during the period. Northside Capital Management LLC owned about 0.10% of Nuveen Arizona Premium Income Mun Fd worth $153,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Morgan Stanley increased its holdings in Nuveen Arizona Premium Income Mun Fd by 4.0% in the second quarter. Morgan Stanley now owns 82,424 shares of the investment management company’s stock valued at $1,077,000 after buying an additional 3,172 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Nuveen Arizona Premium Income Mun Fd by 23.0% in the second quarter. Wells Fargo & Company MN now owns 66,170 shares of the investment management company’s stock valued at $865,000 after purchasing an additional 12,379 shares during the period. Bank of America Corp DE grew its position in shares of Nuveen Arizona Premium Income Mun Fd by 27.1% in the second quarter. Bank of America Corp DE now owns 43,162 shares of the investment management company’s stock valued at $564,000 after purchasing an additional 9,211 shares during the period. Family Management Corp grew its position in shares of Nuveen Arizona Premium Income Mun Fd by 22.3% in the second quarter. Family Management Corp now owns 42,872 shares of the investment management company’s stock valued at $560,000 after purchasing an additional 7,813 shares during the period. Finally, City of London Investment Management Co. Ltd. grew its position in shares of Nuveen Arizona Premium Income Mun Fd by 147.7% in the second quarter. City of London Investment Management Co. Ltd. now owns 37,646 shares of the investment management company’s stock valued at $491,000 after purchasing an additional 22,445 shares during the period. 9.69% of the stock is owned by institutional investors.

Shares of NYSE NAZ traded down $0.08 during trading on Friday, hitting $13.55. The company had a trading volume of 308 shares, compared to its average volume of 16,114. The stock has a fifty day simple moving average of $13.46 and a two-hundred day simple moving average of $13.13. Nuveen Arizona Premium Income Mun Fd has a fifty-two week low of $11.39 and a fifty-two week high of $14.68.

The business also recently announced a — dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were given a $0.0438 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a dividend yield of 3.9%.

About Nuveen Arizona Premium Income Mun Fd

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.

Further Reading: Outperform Rating

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Institutional Ownership by Quarter for Nuveen Arizona Premium Income Mun Fd (NYSE:NAZ)

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