Nuveen Select Maturities Municipal Fund (NYSE:NIM) Stock Price Down 0.8%

Nuveen Select Maturities Municipal Fund (NYSE:NIMGet Free Report)’s stock price was down 0.8% on Monday . The company traded as low as $8.89 and last traded at $8.89. Approximately 84,079 shares were traded during trading, an increase of 240% from the average daily volume of 24,723 shares. The stock had previously closed at $8.96.

Nuveen Select Maturities Municipal Fund Stock Performance

The business’s 50-day moving average price is $8.99 and its two-hundred day moving average price is $8.79.

Nuveen Select Maturities Municipal Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.026 per share. This represents a $0.31 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Wednesday, February 14th.

Institutional Investors Weigh In On Nuveen Select Maturities Municipal Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Baird Financial Group Inc. grew its stake in Nuveen Select Maturities Municipal Fund by 21.7% in the fourth quarter. Baird Financial Group Inc. now owns 80,659 shares of the company’s stock worth $711,000 after purchasing an additional 14,398 shares in the last quarter. Royal Bank of Canada lifted its holdings in Nuveen Select Maturities Municipal Fund by 39.5% during the 4th quarter. Royal Bank of Canada now owns 41,368 shares of the company’s stock worth $365,000 after buying an additional 11,720 shares during the last quarter. Stephens Inc. AR grew its position in shares of Nuveen Select Maturities Municipal Fund by 35.9% in the 4th quarter. Stephens Inc. AR now owns 22,700 shares of the company’s stock worth $200,000 after acquiring an additional 6,000 shares in the last quarter. 1607 Capital Partners LLC increased its holdings in shares of Nuveen Select Maturities Municipal Fund by 8.5% in the 4th 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. Finally, Tortoise Investment Management LLC raised its position in shares of Nuveen Select Maturities Municipal Fund by 40.1% during the 4th quarter. Tortoise Investment Management LLC now owns 375,550 shares of the company’s stock valued at $3,399,000 after acquiring an additional 107,513 shares in the last quarter. Institutional investors own 27.53% of the company’s stock.

About Nuveen Select Maturities Municipal Fund

(Get Free Report)

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.

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