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

Nuveen Select Maturities Municipal Fund (NYSE:NIMGet Free Report) declared a monthly dividend on Thursday, February 1st, NASDAQ reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.026 per share on Friday, March 1st. This represents a $0.31 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Wednesday, February 14th.

Nuveen Select Maturities Municipal Fund Stock Down 0.9 %

Shares of Nuveen Select Maturities Municipal Fund stock traded down $0.08 during trading on Friday, hitting $9.15. 15,647 shares of the stock were exchanged, compared to its average volume of 22,859. The stock’s fifty day moving average is $8.91 and its 200 day moving average is $8.79. Nuveen Select Maturities Municipal Fund has a 12 month low of $8.28 and a 12 month high of $9.74.

Hedge Funds Weigh In On Nuveen Select Maturities Municipal Fund

Several institutional investors have recently modified their holdings of the company. Baird Financial Group Inc. grew its position in shares of Nuveen Select Maturities Municipal Fund by 1.9% during the second quarter. Baird Financial Group Inc. now owns 66,396 shares of the company’s stock worth $598,000 after acquiring an additional 1,212 shares during the last quarter. Osaic Holdings Inc. grew its position in Nuveen Select Maturities Municipal Fund by 9.6% in the 2nd quarter. Osaic Holdings Inc. now owns 15,330 shares of the company’s stock valued at $138,000 after buying an additional 1,343 shares in the last quarter. Royal Bank of Canada grew its position in Nuveen Select Maturities Municipal Fund by 5.3% in the 3rd quarter. Royal Bank of Canada now owns 31,257 shares of the company’s stock valued at $277,000 after buying an additional 1,575 shares in the last quarter. IFP Advisors Inc grew its position in Nuveen Select Maturities Municipal Fund by 29.4% in the 2nd quarter. IFP Advisors Inc now owns 8,985 shares of the company’s stock valued at $81,000 after buying an additional 2,042 shares in the last quarter. Finally, Raymond James & Associates grew its position in Nuveen Select Maturities Municipal Fund by 18.3% in the 4th quarter. Raymond James & Associates now owns 20,462 shares of the company’s stock valued at $185,000 after buying an additional 3,170 shares in the last quarter. Institutional investors own 27.53% of the company’s stock.

Nuveen Select Maturities Municipal Fund Company Profile

(Get Free Report)

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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Dividend History for Nuveen Select Maturities Municipal Fund (NYSE:NIM)

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