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

Shares of Nuveen Select Maturities Municipal Fund (NYSE:NIM) traded down 0.1% on Wednesday . The stock traded as low as $8.86 and last traded at $8.88. 18,832 shares were traded during mid-day trading, a decline of 38% from the average session volume of 30,250 shares. The stock had previously closed at $8.89.

Nuveen Select Maturities Municipal Fund Price Performance

The company’s 50-day moving average is $8.92 and its two-hundred day moving average is $8.85.

Nuveen Select Maturities Municipal Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a $0.026 dividend. This represents a $0.31 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, April 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. 1607 Capital Partners LLC grew its position in Nuveen Select Maturities Municipal Fund by 8.5% during the fourth quarter. 1607 Capital Partners LLC now owns 1,188,726 shares of the company’s stock valued at $10,485,000 after acquiring an additional 93,579 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in shares of Nuveen Select Maturities Municipal Fund by 40.3% in the fourth quarter. Tortoise Investment Management LLC now owns 376,125 shares of the company’s stock worth $3,317,000 after purchasing an additional 108,088 shares during the last quarter. Anchor Investment Management LLC bought a new position in shares of Nuveen Select Maturities Municipal Fund in the fourth quarter worth approximately $422,000. Financial Counselors Inc. bought a new position in shares of Nuveen Select Maturities Municipal Fund in the third quarter worth approximately $327,000. Finally, Wolverine Asset Management LLC grew its holdings in shares of Nuveen Select Maturities Municipal Fund by 184.1% in the fourth quarter. Wolverine Asset Management LLC now owns 33,862 shares of the company’s stock worth $299,000 after purchasing an additional 21,944 shares during the last quarter. 32.23% of the stock is currently owned by institutional investors.

Nuveen Select Maturities Municipal Fund Company Profile

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