Nuveen Select Maturities Municipal Fund (NIM) To Go Ex-Dividend on May 15th

Nuveen Select Maturities Municipal Fund (NYSE:NIM) announced a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be given a dividend of 0.029 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, May 15th.

Nuveen Select Maturities Municipal Fund Stock Performance

Shares of Nuveen Select Maturities Municipal Fund stock traded up $0.04 during mid-day trading on Wednesday, hitting $9.32. The stock had a trading volume of 204 shares, compared to its average volume of 19,163. The firm has a 50-day moving average of $9.51 and a two-hundred day moving average of $9.44. Nuveen Select Maturities Municipal Fund has a 12-month low of $8.80 and a 12-month high of $9.94.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp grew its position in Nuveen Select Maturities Municipal Fund by 9.7% during the third quarter. Jones Financial Companies Lllp now owns 383,038 shares of the company’s stock worth $3,528,000 after buying an additional 33,727 shares during the period. Blake Schutter Theil Wealth Advisors LLC raised its stake in Nuveen Select Maturities Municipal Fund by 24.4% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 160,549 shares of the company’s stock worth $1,495,000 after purchasing an additional 31,457 shares during the period. Lee Financial Co acquired a new stake in Nuveen Select Maturities Municipal Fund in the 3rd quarter valued at $269,000. Worthington Financial Partners LLC acquired a new stake in Nuveen Select Maturities Municipal Fund in the 4th quarter valued at $270,000. Finally, Truist Financial Corp purchased a new stake in Nuveen Select Maturities Municipal Fund during the 4th quarter worth $262,000. 32.23% of the stock is currently owned by institutional investors and hedge funds.

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.