NAZ Stock Summary and Trading Ideas (Nuveen Az Quality Income Muni | NYSE:NAZ)

The fund's primary investment objective is current income exempt from both regular federal income taxes and Arizona individual income taxes; its secondary investment objective is the enhancement of portfolio value. The fund invests in municipal securities that are exempt from federal and Arizona state income taxes. The fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade (Baa/BBB or better by S&P, Moody’s, or Fitch) or, if they are unrated, are judged by the manager to be of comparable quality. The fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. The fund uses leverage.

Nuveen Az Quality Income Muni trades on the NYSE stock market under the symbol NAZ.

As of April 26, 2024, NAZ stock price was flat at $10.55 with 9,600 million shares trading.

NAZ has a beta of 0.49, meaning it tends to be less sensitive to market movements. NAZ has a correlation of 0.32 to the broad based SPY ETF.

NAZ has a market cap of $122.28 million. This is considered a Micro Cap stock.

In the last 3 years, NAZ stock traded as high as $16.25 and as low as $9.22.

NAZ has underperformed the market in the last year with a price return of +0.7% while the SPY ETF gained +27.4%. NAZ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.8% and -1.5%, respectively, while the SPY returned +4.6% and -0.5%, respectively.

NAZ support price is $10.49 and resistance is $10.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NAZ stock will trade within this expected range on the day.