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

Nuveen Select Maturities Municipal Fund (NYSE:NIM) declared a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be given a dividend of 0.029 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, May 15th.

Nuveen Select Maturities Municipal Fund Stock Performance

NYSE:NIM traded up $0.04 on Wednesday, hitting $9.32. The stock had a trading volume of 104 shares, compared to its average volume of 19,162. The company has a fifty day moving average price of $9.51 and a two-hundred day moving average price of $9.44. Nuveen Select Maturities Municipal Fund has a 1-year low of $8.80 and a 1-year high of $9.94.

Hedge Funds Weigh In On Nuveen Select Maturities Municipal Fund

Several institutional investors and hedge funds have recently bought and sold shares of NIM. Jones Financial Companies Lllp boosted its holdings 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 valued at $3,528,000 after purchasing an additional 33,727 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC lifted its holdings in shares of Nuveen Select Maturities Municipal Fund by 24.4% in the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 160,549 shares of the company’s stock worth $1,495,000 after acquiring an additional 31,457 shares during the last quarter. Lee Financial Co acquired a new position in shares of Nuveen Select Maturities Municipal Fund in the 3rd quarter worth approximately $269,000. Worthington Financial Partners LLC acquired a new position in shares of Nuveen Select Maturities Municipal Fund in the 4th quarter worth approximately $270,000. Finally, Truist Financial Corp acquired a new position in shares of Nuveen Select Maturities Municipal Fund in the 4th quarter worth approximately $262,000. 32.23% of the stock is currently owned by institutional investors and hedge funds.

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.