Nuveen Select Maturities Municipal Fund (NYSE:NIM – Get Free Report) shares crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $8.95 and traded as low as $8.85. Nuveen Select Maturities Municipal Fund shares last traded at $8.9010, with a volume of 48,003 shares traded.
Nuveen Select Maturities Municipal Fund Stock Performance
The stock’s 50 day moving average price is $8.95 and its 200-day moving average price is $9.30.
Nuveen Select Maturities Municipal Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a $0.0290 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.35 dividend on an annualized basis and a yield of 3.9%.
Institutional Trading of Nuveen Select Maturities Municipal Fund
A number of hedge funds have recently bought and sold shares of NIM. Envestnet Asset Management Inc. increased its holdings in shares of Nuveen Select Maturities Municipal Fund by 22.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 31,692 shares of the company’s stock valued at $299,000 after acquiring an additional 5,731 shares during the period. Royal Bank of Canada raised its position in shares of Nuveen Select Maturities Municipal Fund by 5.3% in the 1st quarter. Royal Bank of Canada now owns 114,492 shares of the company’s stock worth $1,081,000 after acquiring an additional 5,802 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Nuveen Select Maturities Municipal Fund by 1.1% during the 1st quarter. Bank of America Corp DE now owns 146,467 shares of the company’s stock worth $1,384,000 after purchasing an additional 1,552 shares during the last quarter. Finally, Croban lifted its stake in shares of Nuveen Select Maturities Municipal Fund by 8.7% during the 3rd quarter. Croban now owns 149,898 shares of the company’s stock worth $1,304,000 after purchasing an additional 12,025 shares during the last quarter. Hedge funds and other institutional investors own 32.23% of the company’s stock.
Nuveen Select Maturities Municipal Fund Company Profile
Nuveen Select Maturities Municipal Fund is a closed-end investment fund that invests primarily in municipal securities issued by state and local governments and related entities in the United States. These securities may finance public projects and services such as schools, transportation, utilities and health care. The fund’s objective is to provide current income exempt from regular federal income tax while seeking to preserve capital. Its portfolio focuses on municipal securities selected for their maturities; income may be subject to other taxes, and the fund’s investment objectives are not guaranteed.
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