Nuveen Select Maturities Municipal Fund (NYSE:NIM) Stock Price Up 0.1% – Here’s Why

Nuveen Select Maturities Municipal Fund (NYSE:NIM)’s share price rose 0.1% during mid-day trading on Tuesday . The stock traded as high as $9.32 and last traded at $9.28. Approximately 23,559 shares changed hands during trading, a decline of 22% from the average daily volume of 30,347 shares. The stock had previously closed at $9.27.

Nuveen Select Maturities Municipal Fund Stock Performance

The firm’s 50-day simple moving average is $9.34 and its 200-day simple moving average is $9.18.

Nuveen Select Maturities Municipal Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.029 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, November 14th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC boosted its holdings in shares of Nuveen Select Maturities Municipal Fund by 111.8% in the 2nd quarter. Whipplewood Advisors LLC now owns 146,796 shares of the company’s stock worth $1,330,000 after purchasing an additional 77,497 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of Nuveen Select Maturities Municipal Fund by 26.7% during the 2nd quarter. Guggenheim Capital LLC now owns 299,396 shares of the company’s stock valued at $2,713,000 after buying an additional 63,002 shares in the last quarter. Midwest Trust Co bought a new stake in Nuveen Select Maturities Municipal Fund in the 2nd quarter worth approximately $350,000. Jones Financial Companies Lllp lifted its position in 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. Finally, Lee Financial Co purchased a new stake in Nuveen Select Maturities Municipal Fund in the third quarter worth approximately $269,000. 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.