Nuveen Select Maturities Municipal Fund (NYSE:NIM - Get Free Report) announced a monthly dividend on Monday, April 1st, Wall Street Journal reports. Shareholders of record on Monday, April 15th will be paid a dividend of 0.026 per share on Wednesday, May 1st. This represents a $0.31 annualized dividend and a yield of 3.49%. The ex-dividend date is Friday, April 12th.
Nuveen Select Maturities Municipal Fund Trading Down 0.1 %
NYSE:NIM traded down $0.01 on Wednesday, hitting $8.93. 55,939 shares of the company's stock were exchanged, compared to its average volume of 32,487. The firm has a 50-day moving average price of $8.99 and a 200-day moving average price of $8.81. Nuveen Select Maturities Municipal Fund has a 52 week low of $8.28 and a 52 week high of $9.74.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Baird Financial Group Inc. grew its stake in Nuveen Select Maturities Municipal Fund by 1.9% in the 2nd quarter. Baird Financial Group Inc. now owns 66,396 shares of the company's stock valued at $598,000 after buying an additional 1,212 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of Nuveen Select Maturities Municipal Fund by 9.6% during the 2nd quarter. Osaic Holdings Inc. now owns 15,330 shares of the company's stock worth $138,000 after purchasing an additional 1,343 shares in the last quarter. Royal Bank of Canada grew its position in shares of Nuveen Select Maturities Municipal Fund by 5.3% during the 3rd quarter. Royal Bank of Canada now owns 31,257 shares of the company's stock worth $277,000 after purchasing an additional 1,575 shares in the last quarter. IFP Advisors Inc grew its position in shares of Nuveen Select Maturities Municipal Fund by 29.4% during the 2nd quarter. IFP Advisors Inc now owns 8,985 shares of the company's stock worth $81,000 after purchasing an additional 2,042 shares in the last quarter. Finally, Raymond James & Associates grew its position in shares of Nuveen Select Maturities Municipal Fund by 18.3% during the 4th quarter. Raymond James & Associates now owns 20,462 shares of the company's stock worth $185,000 after purchasing an additional 3,170 shares in the last quarter. Institutional investors and hedge funds own 32.23% of the company's stock.
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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