Nuveen Arizona Quality Municipal Income Fund (NAZ) To Go Ex-Dividend on January 15th

by · The Cerbat Gem

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ – Get Free Report) announced a monthly dividend on Friday, January 2nd. Investors 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 of this dividend is Thursday, January 15th.

Nuveen Arizona Quality Municipal Income Fund Trading Down 0.1%

NYSE:NAZ opened at $12.05 on Tuesday. The business’s 50-day simple moving average is $11.94 and its 200-day simple moving average is $11.87. Nuveen Arizona Quality Municipal Income Fund has a fifty-two week low of $11.40 and a fifty-two week high of $13.55.

Institutional Trading of Nuveen Arizona Quality Municipal Income Fund

A number of large investors have recently added to or reduced their stakes in NAZ. Alpha Cubed Investments LLC grew its position in shares of Nuveen Arizona Quality Municipal Income Fund by 41.5% in the 2nd quarter. Alpha Cubed Investments LLC now owns 118,363 shares of the investment management company’s stock valued at $1,384,000 after acquiring an additional 34,737 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Nuveen Arizona Quality Municipal Income Fund in the first quarter valued at about $211,000. Diversify Wealth Management LLC acquired a new position in shares of Nuveen Arizona Quality Municipal Income Fund during the 2nd quarter worth approximately $169,000. Plan Group Financial LLC acquired a new position in Nuveen Arizona Quality Municipal Income Fund in the 2nd quarter valued at $139,000. Finally, Bank of America Corp DE grew its stake in 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 worth $433,000 after buying an additional 4,593 shares in the last quarter. Institutional investors and hedge funds own 15.28% of the company’s stock.

About Nuveen Arizona Quality Municipal Income Fund

(Get Free Report)

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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