Nuveen Select Maturities Municipal Fund (NYSE:NIM – Get Free Report) announced a monthly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be paid a dividend of 0.029 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, June 15th.
Nuveen Select Maturities Municipal Fund Stock Down 0.3%
NIM stock opened at $9.31 on Tuesday. The company has a 50 day moving average price of $9.37 and a two-hundred day moving average price of $9.43. Nuveen Select Maturities Municipal Fund has a one year low of $8.93 and a one year high of $9.94.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its position in shares of Nuveen Select Maturities Municipal Fund by 9.7% in the 3rd 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 last quarter. Blake Schutter Theil Wealth Advisors LLC raised its stake in Nuveen Select Maturities Municipal Fund by 13.0% during the first quarter. Blake Schutter Theil Wealth Advisors LLC now owns 181,427 shares of the company’s stock worth $1,714,000 after acquiring an additional 20,878 shares during the period. UBS Group AG lifted its holdings in Nuveen Select Maturities Municipal Fund by 1.8% in the third quarter. UBS Group AG now owns 173,515 shares of the company’s stock worth $1,607,000 after acquiring an additional 3,087 shares during the last quarter. Whipplewood Advisors LLC lifted its holdings in Nuveen Select Maturities Municipal Fund by 4.3% in the third quarter. Whipplewood Advisors LLC now owns 153,172 shares of the company’s stock worth $1,418,000 after acquiring an additional 6,376 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Nuveen Select Maturities Municipal Fund by 1.1% in the first quarter. Bank of America Corp DE now owns 146,467 shares of the company’s stock valued at $1,384,000 after acquiring an additional 1,552 shares during the period. 32.23% of the stock is 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.
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