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

Nuveen Select Maturities Municipal Fund (NYSE:NIM) was down 0.1% during mid-day trading on Wednesday . The stock traded as low as $8.86 and last traded at $8.88. Approximately 18,832 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 30,250 shares. The stock had previously closed at $8.89.

Nuveen Select Maturities Municipal Fund Price Performance

The firm’s fifty day simple moving average is $8.93 and its 200-day simple moving average is $8.85.

Nuveen Select Maturities Municipal Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a $0.026 dividend. This represents a $0.31 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Friday, April 12th.

Institutional Trading of Nuveen Select Maturities Municipal Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Arlington Capital Management Inc. purchased a new stake in shares of Nuveen Select Maturities Municipal Fund in the fourth quarter valued at about $192,000. Signaturefd LLC acquired a new stake in shares of Nuveen Select Maturities Municipal Fund in the fourth quarter worth $40,000. Wolverine Asset Management LLC boosted its stake in shares of Nuveen Select Maturities Municipal Fund by 184.1% in the fourth quarter. Wolverine Asset Management LLC now owns 33,862 shares of the company’s stock valued at $299,000 after purchasing an additional 21,944 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in shares of Nuveen Select Maturities Municipal Fund by 12.8% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 17,250 shares of the company’s stock valued at $155,000 after purchasing an additional 1,961 shares during the period. Finally, Anchor Investment Management LLC purchased a new position in shares of Nuveen Select Maturities Municipal Fund in the fourth quarter valued at $422,000. 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.