Nuveen Select Maturities Municipal Fund (NYSE:NIM) Trading Up 0.1%

Nuveen Select Maturities Municipal Fund (NYSE:NIM – Get Your Free Report ) was up 0.1% during trading on Monday. The stock traded as high as $9.29 and last traded at $9.27. About 15,789 shares changed hands during mid-day trading, down 39% from the average daily volume of 26,038 shares. Shares previously closed at $9.26.

Nuveen Select Maturities Municipal Fund Price Performance

The firm has a 50-day moving average price of $9.08 and a 200-day moving average price of $8.98.

Nuveen Select Maturities Municipal Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be paid a $0.0275 dividend. The ex-dividend date of this dividend is Thursday, August 15. This represents a dividend of $0.33 on an annualized basis and a dividend yield of 3.56%.

Institutional inputs and outputs

A number of large investors have recently modified their holdings of NIM. Signaturefd LLC bought a new stake in Nuveen Select Maturities Municipal Fund during the fourth quarter valued at about $40,000. Ackerman Capital Advisors LLC acquired a new stake in shares of Nuveen Select Maturities Municipal Fund in the first quarter worth approximately $91,000. Truist Financial Corp boosted its stake in Nuveen Select Maturities Municipal Fund by 13.0% during the 2nd quarter. Truist Financial Corp now owns 13,000 shares of the company’s stock valued at $118,000 after buying an additional 1,500 shares during that period. Arlington Capital Management Inc. bought a new position in Nuveen Select Maturities Municipal Fund in the 4th quarter valued at about $192,000. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in Nuveen Select Maturities Municipal Fund by 5.2% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 30,600 shares of the company’s stock valued at $275,000 after buying an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 32.23% of the company’s shares.

Nuveen Select Maturities Municipal Fund Company Profile

(Get a free report)

Nuveen Select Maturities Municipal Fund is a closed-end fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. Invest in US fixed income markets. The fund invests primarily in municipal securities rated Baa/BBB or better.

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