Nuveen Select Maturities Municipal Fund (NYSE:NIM) Stock Price Up 0.2% – Should You Buy?

Nuveen Select Maturities Municipal Fund (NYSE:NIMGet Free Report) rose 0.2% during trading on Tuesday . The stock traded as high as $9.35 and last traded at $9.32. Approximately 4,029 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 12,447 shares. The stock had previously closed at $9.30.

Nuveen Select Maturities Municipal Fund Stock Down 0.5%

The business’s fifty day moving average is $9.34 and its two-hundred day moving average is $9.42.

Nuveen Select Maturities Municipal Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a $0.029 dividend. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, August 14th.

Institutional Trading of Nuveen Select Maturities Municipal Fund

A number of large investors have recently modified their holdings of the stock. Blake Schutter Theil Wealth Advisors LLC boosted its holdings in Nuveen Select Maturities Municipal Fund by 13.0% in the first quarter. Blake Schutter Theil Wealth Advisors LLC now owns 181,427 shares of the company’s stock valued at $1,714,000 after purchasing an additional 20,878 shares during the period. UBS Group AG increased its holdings in Nuveen Select Maturities Municipal Fund by 1.8% during the 3rd quarter. UBS Group AG now owns 173,515 shares of the company’s stock worth $1,607,000 after purchasing an additional 3,087 shares during the period. Bank of America Corp DE raised its position in Nuveen Select Maturities Municipal Fund by 1.1% in the 1st quarter. Bank of America Corp DE now owns 146,467 shares of the company’s stock valued at $1,384,000 after purchasing an additional 1,552 shares in the last quarter. Royal Bank of Canada raised its position in 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 valued at $1,081,000 after purchasing an additional 5,802 shares in the last quarter. Finally, Uhlmann Price Securities LLC boosted its stake in shares of Nuveen Select Maturities Municipal Fund by 6.7% in the 1st quarter. Uhlmann Price Securities LLC now owns 92,138 shares of the company’s stock valued at $871,000 after buying an additional 5,809 shares during the period. Hedge funds and other institutional investors own 32.23% of the company’s stock.

About Nuveen Select Maturities Municipal Fund

(Get Free Report)

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.

Further Reading

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