Nuveen Select Maturities Municipal Fund (NYSE:NIM) Shares Down 1.4%

Shares of Nuveen Select Maturities Municipal Fund (NYSE:NIM – Get Rating) traded down 1.4% during trading on Wednesday . The stock traded as low as $9.02 and last traded at $9.02. 7,872 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 20,569 shares. The stock had previously closed at $9.15.

Nuveen Select Maturities Municipal Fund Price Performance

The firm’s 50 day simple moving average is $9.22 and its 200 day simple moving average is $9.24.

Nuveen Select Maturities Municipal Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 15th will be paid a $0.026 dividend. This represents a $0.31 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Friday, May 12th.

Institutional Trading of Nuveen Select Maturities Municipal Fund

Several hedge funds have recently made changes to their positions in NIM. 1607 Capital Partners LLC raised its position in shares of Nuveen Select Maturities Municipal Fund by 34.1% during the 3rd quarter. 1607 Capital Partners LLC now owns 707,532 shares of the company’s stock valued at $6,269,000 after buying an additional 179,779 shares in the last quarter. Morgan Stanley grew its holdings in Nuveen Select Maturities Municipal Fund by 20.8% during the 4th quarter. Morgan Stanley now owns 743,551 shares of the company’s stock valued at $6,737,000 after purchasing an additional 127,820 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in Nuveen Select Maturities Municipal Fund by 334.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 91,433 shares of the company’s stock valued at $828,000 after purchasing an additional 70,387 shares during the last quarter. UBS Group AG grew its holdings in Nuveen Select Maturities Municipal Fund by 91.9% during the 1st quarter. UBS Group AG now owns 128,899 shares of the company’s stock valued at $1,190,000 after purchasing an additional 61,740 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV bought a new position in Nuveen Select Maturities Municipal Fund during the 1st quarter valued at about $434,000. 21.58% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Select Maturities Municipal Fund Company Profile

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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.