Nuveen Select Maturities Municipal Fund (NYSE:NIM) Trading 0.3% Higher – Still a Buy?

Shares of Nuveen Select Maturities Municipal Fund (NYSE:NIM) traded up 0.3% during trading on Thursday . The company traded as high as $9.42 and last traded at $9.38. Approximately 23,656 shares traded hands during mid-day trading, an increase of 65% from the average daily volume of 14,372 shares. The stock had previously closed at $9.35.

Nuveen Select Maturities Municipal Fund Trading Up 0.3%

The company has a fifty day simple moving average of $9.32 and a two-hundred day simple moving average of $9.44.

Nuveen Select Maturities Municipal Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.029 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 3.7%.

Institutional Investors Weigh In On Nuveen Select Maturities Municipal Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP bought a new position in Nuveen Select Maturities Municipal Fund in the third quarter valued at approximately $93,000. Sightline Wealth Advisors LLC raised its position in shares of Nuveen Select Maturities Municipal Fund by 21.1% during the 4th quarter. Sightline Wealth Advisors LLC now owns 14,715 shares of the company’s stock valued at $137,000 after acquiring an additional 2,563 shares during the last quarter. Sax Wealth Advisors LLC acquired a new position in shares of Nuveen Select Maturities Municipal Fund in the 4th quarter valued at $170,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Nuveen Select Maturities Municipal Fund in the 4th quarter valued at $197,000. Finally, Ackerman Capital Advisors LLC lifted its stake in shares of Nuveen Select Maturities Municipal Fund by 18.8% in the 4th quarter. Ackerman Capital Advisors LLC now owns 24,401 shares of the company’s stock valued at $227,000 after purchasing an additional 3,861 shares during the period. 32.23% of the stock is owned by institutional investors.

About Nuveen Select Maturities Municipal Fund

Nuveen Select Maturities Municipal Fund (NYSE: NIM) is a diversified, closed-end management investment company managed by Nuveen Asset Management, a subsidiary of TIAA. Launched in January 2012, the fund seeks to provide shareholders with tax-exempt income by investing primarily in a broad range of municipal securities. Its portfolio is structured around a laddered maturity approach, which aims to balance yield opportunities with interest rate risk management across various maturity segments.

The fund’s investment strategy focuses on acquiring investment-grade and high-yield municipal bonds issued by state and local governments across the United States.