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

Nuveen Select Maturities Municipal Fund (NYSE:NIM) traded up 0.1% on Friday . The company traded as high as $8.87 and last traded at $8.86. 9,422 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 28,541 shares. The stock had previously closed at $8.85.

Nuveen Select Maturities Municipal Fund Price Performance

The business’s fifty day moving average is $8.91 and its two-hundred day moving average is $8.90.

Nuveen Select Maturities Municipal Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.026 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.31 annualized dividend and a dividend yield of 3.52%.

Hedge Funds Weigh In On Nuveen Select Maturities Municipal Fund

A number of institutional investors have recently bought and sold shares of the stock. Dorsey & Whitney Trust CO LLC increased its stake in Nuveen Select Maturities Municipal Fund by 5.2% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 30,600 shares of the company’s stock worth $275,000 after buying an additional 1,500 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC grew its position in Nuveen Select Maturities Municipal Fund by 4.6% in the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 33,900 shares of the company’s stock worth $305,000 after acquiring an additional 1,500 shares in the last quarter. Arlington Capital Management Inc. grew its position in Nuveen Select Maturities Municipal Fund by 8.3% in the first quarter. Arlington Capital Management Inc. now owns 23,586 shares of the company’s stock worth $212,000 after acquiring an additional 1,800 shares in the last quarter. Ackerman Capital Advisors LLC purchased a new position in Nuveen Select Maturities Municipal Fund in the first quarter worth about $91,000. Finally, Tortoise Investment Management LLC lifted its stake in 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. 32.23% of the stock is owned by institutional investors.

About Nuveen Select Maturities Municipal Fund

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.