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

Nuveen Select Maturities Municipal Fund (NYSE:NIM)’s share price traded down 0.1% during trading on Wednesday . The stock traded as low as $8.86 and last traded at $8.88. 18,832 shares changed hands 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 has a 50-day simple moving average of $8.92 and a 200 day simple moving average of $8.85.

Nuveen Select Maturities Municipal Fund Announces Dividend

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

Hedge Funds Weigh In On Nuveen Select Maturities Municipal Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its position in shares of Nuveen Select Maturities Municipal Fund by 7.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 22,601 shares of the company’s stock worth $191,000 after buying an additional 1,500 shares in the last quarter. Arlington Capital Management Inc. lifted its stake in shares of Nuveen Select Maturities Municipal Fund by 8.3% during the 1st quarter. Arlington Capital Management Inc. now owns 23,586 shares of the company’s stock worth $212,000 after purchasing an additional 1,800 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of Nuveen Select Maturities Municipal Fund by 12.8% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 17,250 shares of the company’s stock worth $155,000 after purchasing an additional 1,961 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Nuveen Select Maturities Municipal Fund by 11.5% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 29,100 shares of the company’s stock worth $246,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC raised its stake in Nuveen Select Maturities Municipal Fund by 10.2% in the third quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 32,400 shares of the company’s stock valued at $274,000 after buying an additional 3,000 shares during the last quarter. Institutional investors own 32.23% of the company’s stock.

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.