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

Nuveen Select Maturities Municipal Fund (NYSE:NIM) shares were down 0.1% on Wednesday . The company traded as low as $8.86 and last traded at $8.88. Approximately 18,832 shares traded hands during trading, a decline of 38% from the average daily volume of 30,250 shares. The stock had previously closed at $8.89.

Nuveen Select Maturities Municipal Fund Trading Down 0.1 %

The business’s fifty day moving average price is $8.93 and its two-hundred day moving average price is $8.85.

Nuveen Select Maturities Municipal Fund Dividend Announcement

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 paid a $0.026 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.31 annualized dividend and a dividend yield of 3.51%.

Institutional Trading of Nuveen Select Maturities Municipal Fund

Hedge funds have recently made changes to their positions in the company. Signaturefd LLC purchased a new stake in shares of Nuveen Select Maturities Municipal Fund in the 4th quarter valued at approximately $40,000. Crestone Asset Management LLC purchased a new stake in shares of Nuveen Select Maturities Municipal Fund in the 3rd quarter valued at approximately $90,000. Ackerman Capital Advisors LLC purchased a new stake in shares of Nuveen Select Maturities Municipal Fund in the 1st quarter valued at approximately $91,000. Wolverine Asset Management LLC grew its stake in shares of Nuveen Select Maturities Municipal Fund by 2,572.2% in the 3rd quarter. Wolverine Asset Management LLC now owns 11,918 shares of the company’s stock valued at $101,000 after buying an additional 11,472 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its stake in shares of Nuveen Select Maturities Municipal Fund by 12.8% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 17,250 shares of the company’s stock valued at $155,000 after buying an additional 1,961 shares during the period. Hedge funds and other 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.