Nuveen Arizona Quality Municipal Income Fund (NAZ) Stock
The Nuveen Arizona Quality Municipal Income Fund operates as a closed-end mutual fund, specializing in fixed-income investments, initially established by Nuveen Investments, Inc. Management oversight for the fund is provided by Nuveen Asset Management, LLC.
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About Nuveen Arizona Quality Municipal Income Fund
The Nuveen Arizona Quality Municipal Income Fund operates as a closed-end mutual fund, specializing in fixed-income investments, initially established by Nuveen Investments, Inc. Management oversight for the fund is provided by Nuveen Asset Management, LLC. Its primary objective is to allocate capital within Arizona's fixed-income markets. The portfolio is strategically constructed from municipal securities and other comparable instruments, specifically those offering income exempt from both regular federal and Arizona state income taxes. These investments must also maintain a minimum credit rating of Baa or BBB and target an approximate average maturity of 18.66 years. To curate its holdings, the fund employs a blend of fundamental analysis and a bottom-up selection process. Performance is measured against industry benchmarks, including the Standard & Poor's (S&P) Arizona Municipal Bond Index and the S&P National Municipal Bond Index. Previously, it operated under the name Nuveen Arizona Premium Income Municipal Fund. This U.S.-domiciled fund was officially formed on November 19, 1992.
Nuveen Arizona Quality Municipal Income Fund is headquartered in US.
Nuveen Arizona Quality Municipal Income Fund (NAZ) stock trades at $12.34 with a market capitalization of $158.11M. The stock is valued at a price-to-earnings (P/E) ratio of -20.05, price-to-book of 1.08, price-to-sales of 18.06. Over the past 52 weeks the stock has ranged between $11.62 and $13.42, and currently trades 8.0% below its 52-week high. It pays a dividend yielding 6.37%.
On profitability, Nuveen Arizona Quality Municipal Income Fund generates a return on equity (ROE) of -5.31%, return on capital employed of -1.76%, an operating margin of -45.16%, a net profit margin of -83.59%.
Official website: www.nuveen.com/CEF/Product/Overview.aspx?FundCode=NAZ&refsrc=vu_nuveen.com/naz