Nuveen Select Maturities Municipal Fund (NYSE:NIM - Get Free Report) announced a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Investors of record on Tuesday, July 15th will be given a dividend of 0.0275 per share on Friday, August 1st. This represents a $0.33 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Tuesday, July 15th.
Nuveen Select Maturities Municipal Fund Stock Performance
NIM stock traded up $0.01 during mid-day trading on Friday, hitting $9.18. The company had a trading volume of 11,390 shares, compared to its average volume of 33,468. Nuveen Select Maturities Municipal Fund has a 12 month low of $8.60 and a 12 month high of $9.64. The stock's fifty day moving average price is $9.06 and its two-hundred day moving average price is $9.04.
Institutional Investors Weigh In On Nuveen Select Maturities Municipal Fund
A hedge fund recently raised its stake in Nuveen Select Maturities Municipal Fund stock. Royal Bank of Canada boosted its position in Nuveen Select Maturities Municipal Fund (NYSE:NIM - Free Report) by 9.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,021 shares of the company's stock after buying an additional 7,101 shares during the quarter. Royal Bank of Canada owned approximately 0.68% of Nuveen Select Maturities Municipal Fund worth $792,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 32.23% of the stock is currently owned by institutional investors and hedge funds.
About Nuveen Select Maturities Municipal Fund
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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.
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