NAZ: Nuveen's Arizona Municipal Bond CEF Rates A Sell
Source: SeekingAlpha
2025-04-07 10:06:10 ET
Summary
- The Nuveen Arizona Quality Municipal Income Fund is reviewed and then compared to the Nuveen Quality Muni Income Fund.
- NAZ invests in Arizona municipal securities exempt from federal and state taxes, with a focus on high-quality bonds.
- Selling NAZ and holding NAD is recommended due to better yield and performance, despite state income tax savings with NAZ.
Introduction
With the popularity of my previous single-state municipal bond CEF articles, I have decided to cover each one offered by Nuveen. The Nuveen Arizona Quality Municipal Income Fund ( NAZ ) is reviewed here and then compared to a National municipal bond CEF offered by Nuveen to see if Arizona taxpayers are better off owning NAZ versus the national CEF....
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NAZ: Nuveen's Arizona Municipal Bond CEF Rates A Sell
Nuveen Arizona Quality Municipal Income Fund
NASDAQ: NAZ
NAZ Trading
1.0% G/L:
$12.50 Last:
9,809 Volume:
$12.54 Open:
