Nuveen Select Maturities Municipal Fund (NIM) To Go Ex-Dividend on October 15th

Nuveen Select Maturities Municipal Fund (NYSE:NIM) announced a monthly dividend on Thursday, October 1st. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.0290 per share on Monday, November 2nd. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Thursday, October 15th.

Nuveen Select Maturities Municipal Fund Stock Performance

Nuveen Select Maturities Municipal Fund stock opened at $8.75 on Friday. The firm’s 50-day moving average is $9.13 and its 200-day moving average is $9.29. Nuveen Select Maturities Municipal Fund has a 1 year low of $8.46 and a 1 year high of $9.94.

Hedge Funds Weigh In On Nuveen Select Maturities Municipal Fund

A number of large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its holdings in shares of Nuveen Select Maturities Municipal Fund by 22.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 31,692 shares of the company’s stock worth $299,000 after purchasing an additional 5,731 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Nuveen Select Maturities Municipal Fund by 1.1% during the first quarter. Bank of America Corp DE now owns 146,467 shares of the company’s stock valued at $1,384,000 after acquiring an additional 1,552 shares during the period. Royal Bank of Canada boosted its holdings in shares of Nuveen Select Maturities Municipal Fund by 5.3% during the first quarter. Royal Bank of Canada now owns 114,492 shares of the company’s stock valued at $1,081,000 after acquiring an additional 5,802 shares during the period. Blake Schutter Theil Wealth Advisors LLC grew its position in shares of Nuveen Select Maturities Municipal Fund by 13.0% during the first quarter. Blake Schutter Theil Wealth Advisors LLC now owns 181,427 shares of the company’s stock worth $1,714,000 after acquiring an additional 20,878 shares during the last quarter. Finally, Stephens Inc. AR increased its holdings in shares of Nuveen Select Maturities Municipal Fund by 6.4% in the 1st quarter. Stephens Inc. AR now owns 41,500 shares of the company’s stock worth $392,000 after acquiring an additional 2,500 shares during the period. Institutional investors own 32.23% of the company’s stock.

Nuveen Select Maturities Municipal Fund Company Profile

Nuveen Select Maturities Municipal Fund is a closed-end fund listed on the New York Stock Exchange under the symbol NIM. The fund is managed by Nuveen, an asset manager specializing in investment solutions, and is designed to provide investors with exposure to the U.S. municipal bond market.

The fund invests primarily in municipal securities issued by states, municipalities and other public entities throughout the United States. These securities may help finance public infrastructure and services such as schools, transportation systems, utilities and hospitals.