Nuveen Select Maturities Municipal Fund (NYSE:NIM) Stock Price Up 0.3% – Time to Buy?

Nuveen Select Maturities Municipal Fund (NYSE:NIM)’s stock price traded up 0.3% during mid-day trading on Tuesday . The stock traded as high as $9.78 and last traded at $9.6710. 10,691 shares changed hands during trading, a decline of 44% from the average session volume of 18,924 shares. The stock had previously closed at $9.64.

Nuveen Select Maturities Municipal Fund Price Performance

The company’s 50 day moving average is $9.44 and its two-hundred day moving average is $9.34.

Nuveen Select Maturities Municipal Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be given a dividend of $0.029 per share. The ex-dividend date is Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

Institutional Investors Weigh In On Nuveen Select Maturities Municipal Fund

A number of institutional investors have recently bought and sold shares of NIM. Global Retirement Partners LLC acquired a new position in shares of Nuveen Select Maturities Municipal Fund in the 3rd quarter valued at $40,000. Susquehanna International Group LLP bought a new stake in Nuveen Select Maturities Municipal Fund in the third quarter valued at about $93,000. NWF Advisory Services Inc. acquired a new position in Nuveen Select Maturities Municipal Fund in the third quarter worth about $116,000. Sightline Wealth Advisors LLC raised its position in Nuveen Select Maturities Municipal Fund by 21.1% in the fourth quarter. Sightline Wealth Advisors LLC now owns 14,715 shares of the company’s stock worth $137,000 after purchasing an additional 2,563 shares in the last quarter. Finally, Sax Wealth Advisors LLC bought a new position in Nuveen Select Maturities Municipal Fund during the fourth quarter worth about $170,000. Institutional investors and hedge funds own 32.23% of the company’s stock.

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.