Nuveen Arizona Premium Income Mun Fd (NYSE:NAZ) Shares Pass Above Two Hundred Day Moving Average of $13.31

Nuveen Arizona Premium Income Mun Fd (NYSE:NAZ)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.31 and traded as high as $13.55. Nuveen Arizona Premium Income Mun Fd shares last traded at $13.55, with a volume of 16,668 shares.

The stock has a fifty day simple moving average of $13.36 and a two-hundred day simple moving average of $13.31.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.0438 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Thursday, December 12th.

Several hedge funds have recently modified their holdings of the business. Bartlett & Co. LLC acquired a new stake in shares of Nuveen Arizona Premium Income Mun Fd in the 3rd quarter valued at $317,000. 180 Wealth Advisors LLC bought a new position in shares of Nuveen Arizona Premium Income Mun Fd in the 3rd quarter valued at $154,000. Family Management Corp lifted its stake in shares of Nuveen Arizona Premium Income Mun Fd by 22.3% in the 2nd quarter. Family Management Corp now owns 42,872 shares of the investment management company’s stock valued at $560,000 after acquiring an additional 7,813 shares during the last quarter. Morgan Stanley lifted its stake in shares of Nuveen Arizona Premium Income Mun Fd by 4.0% in the 2nd quarter. Morgan Stanley now owns 82,424 shares of the investment management company’s stock valued at $1,077,000 after acquiring an additional 3,172 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Nuveen Arizona Premium Income Mun Fd by 27.1% in the 2nd quarter. Bank of America Corp DE now owns 43,162 shares of the investment management company’s stock valued at $564,000 after acquiring an additional 9,211 shares during the last quarter. 8.31% of the stock is currently owned by hedge funds and other institutional investors.

About Nuveen Arizona Premium Income Mun Fd (NYSE:NAZ)

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.

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