NXE - Nuveen AZ Div Adv Muni Fd 2

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NXE Profile

Nuveen Arizona Dividend Advantage Municipal Fund 2 (NXE) is a closed-end management investment company that primarily invests in municipal securities issued by the State of Arizona. The fund aims to provide high current income exempt from federal and Arizona state income taxes, as well as to preserve capital.

As of its last market close, NXE had a market capitalization of approximately $33 million USD. The fund had a net asset value (NAV) of approximately $12.96 USD per share, with a total of approximately 2.5 million shares outstanding. NXE's shares had a 52-week range of $11.78 - $13.52 USD and were trading at approximately $12.94 USD at the time of its last market close.

Nuveen Arizona Dividend Advantage Municipal Fund 2 invests primarily in municipal securities issued by the State of Arizona. The fund seeks to provide high current income exempt from federal and Arizona state income taxes by investing in these securities. The fund's portfolio is actively managed and may also use leverage to enhance returns.

Investing in NXE carries risks, including risks associated with changes in interest rates, credit quality, and market conditions. Additionally, the fund is subject to risks associated with leverage, including the risk of amplified losses during periods of market volatility. Investors should carefully consider these risks before making any investment decisions.

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