Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ – Get Free Report) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.062 per share by the investment management company on Monday, August 3rd. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Wednesday, July 15th.
Nuveen Arizona Quality Municipal Income Fund Trading Down 0.5%
NAZ opened at $12.58 on Friday. The business’s 50-day moving average is $12.74 and its two-hundred day moving average is $12.35. Nuveen Arizona Quality Municipal Income Fund has a 1 year low of $11.50 and a 1 year high of $13.42.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of NAZ. LPL Financial LLC boosted its holdings in Nuveen Arizona Quality Municipal Income Fund by 129.0% in the fourth quarter. LPL Financial LLC now owns 120,906 shares of the investment management company’s stock worth $1,436,000 after acquiring an additional 68,109 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the first quarter valued at about $627,000. Wells Fargo & Company MN raised its position in shares of Nuveen Arizona Quality Municipal Income Fund by 27.0% in the 4th quarter. Wells Fargo & Company MN now owns 169,885 shares of the investment management company’s stock valued at $2,018,000 after purchasing an additional 36,090 shares during the last quarter. Independent Financial Group LLC acquired a new stake in Nuveen Arizona Quality Municipal Income Fund in the 1st quarter worth approximately $245,000. Finally, NewEdge Advisors LLC purchased a new stake in Nuveen Arizona Quality Municipal Income Fund during the 1st quarter worth approximately $211,000. 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.
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