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

Nuveen Select Maturities Municipal Fund (NYSE:NIM)’s stock price traded down 0.1% during mid-day trading on Wednesday . The stock traded as low as $9.00 and last traded at $9.01. 3,561 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 26,124 shares. The stock had previously closed at $9.02.

Nuveen Select Maturities Municipal Fund Price Performance

The firm has a 50-day moving average price of $8.98 and a 200-day moving average price of $8.97.

Nuveen Select Maturities Municipal Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be given a $0.0275 dividend. This represents a $0.33 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Monday, July 15th.

Institutional Trading of Nuveen Select Maturities Municipal Fund

Several hedge funds and other institutional investors have recently made changes to their positions in NIM. Dorsey & Whitney Trust CO LLC boosted its stake in Nuveen Select Maturities Municipal Fund by 5.2% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 30,600 shares of the company’s stock valued at $275,000 after purchasing an additional 1,500 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC boosted its stake in Nuveen Select Maturities Municipal Fund by 4.6% during the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 33,900 shares of the company’s stock valued at $305,000 after purchasing an additional 1,500 shares during the last quarter. Arlington Capital Management Inc. boosted its stake in 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 valued at $212,000 after purchasing an additional 1,800 shares during the last quarter. Ackerman Capital Advisors LLC purchased a new stake in Nuveen Select Maturities Municipal Fund during the 1st quarter valued at $91,000. Finally, Tortoise Investment Management LLC boosted its stake in Nuveen Select Maturities Municipal Fund by 40.3% during the 4th quarter. Tortoise Investment Management LLC now owns 376,125 shares of the company’s stock valued at $3,317,000 after purchasing an additional 108,088 shares during the last quarter. 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.