Nuveen Select Maturities Municipal Fund (NYSE:NIM) Plans Monthly Dividend of $0.03

Nuveen Select Maturities Municipal Fund (NYSE:NIM) declared a monthly dividend on Monday, April 1st, Wall Street Journal reports. Stockholders of record on Monday, April 15th will be given a dividend of 0.026 per share on Wednesday, May 1st. This represents a $0.31 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Friday, April 12th.

Nuveen Select Maturities Municipal Fund Stock Performance

NIM traded down $0.01 on Wednesday, reaching $8.93. The company had a trading volume of 55,939 shares, compared to its average volume of 32,487. The company has a fifty day moving average of $8.99 and a 200-day moving average of $8.81. Nuveen Select Maturities Municipal Fund has a one year low of $8.28 and a one year high of $9.74.

Institutional Investors Weigh In On Nuveen Select Maturities Municipal Fund

A number of institutional investors and hedge funds have recently bought and sold shares of NIM. Morgan Stanley lifted its holdings in Nuveen Select Maturities Municipal Fund by 20.8% in the 4th quarter. Morgan Stanley now owns 743,551 shares of the company’s stock valued at $6,737,000 after acquiring an additional 127,820 shares during the last quarter. UBS Group AG lifted its holdings in Nuveen Select Maturities Municipal Fund by 91.9% in the 1st quarter. UBS Group AG now owns 128,899 shares of the company’s stock valued at $1,190,000 after acquiring an additional 61,740 shares during the last quarter. Nations Financial Group Inc. IA ADV acquired a new stake in Nuveen Select Maturities Municipal Fund in the 1st quarter valued at about $434,000. Kestra Advisory Services LLC acquired a new stake in Nuveen Select Maturities Municipal Fund in the 2nd quarter valued at about $363,000. Finally, Susquehanna International Group LLP acquired a new stake in Nuveen Select Maturities Municipal Fund in the 4th quarter valued at about $150,000. 32.23% of the stock is owned by institutional investors and hedge funds.

Nuveen Select Maturities Municipal Fund Company Profile

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.