Nuveen Select Maturities Municipal Fund (NIM) to Issue Monthly Dividend of $0.03 on March 1st

Nuveen Select Maturities Municipal Fund (NYSE:NIMGet Free Report) announced a monthly dividend on Thursday, February 1st, NASDAQ reports. Shareholders 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 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Wednesday, February 14th.

Nuveen Select Maturities Municipal Fund Stock Down 0.8 %

NIM stock opened at $9.00 on Monday. Nuveen Select Maturities Municipal Fund has a one year low of $8.28 and a one year high of $9.74. The firm has a 50-day moving average of $8.94 and a two-hundred day moving average of $8.79.

Hedge Funds Weigh In On Nuveen Select Maturities Municipal Fund

A number of large investors have recently made changes to their positions in NIM. IFP Advisors Inc increased its holdings in shares of 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 purchasing an additional 2,042 shares during the period. First Trust Advisors LP acquired a new position in Nuveen Select Maturities Municipal Fund in the fourth quarter worth approximately $115,000. Osaic Holdings Inc. increased its holdings in Nuveen Select Maturities Municipal Fund by 9.6% in the second quarter. Osaic Holdings Inc. now owns 15,330 shares of the company’s stock worth $138,000 after buying an additional 1,343 shares during the last quarter. Susquehanna International Group LLP acquired a new position in Nuveen Select Maturities Municipal Fund in the fourth quarter worth approximately $150,000. Finally, Stephens Inc. AR increased its holdings in Nuveen Select Maturities Municipal Fund by 31.5% in the first quarter. Stephens Inc. AR now owns 16,700 shares of the company’s stock worth $154,000 after buying an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 27.53% 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.

See Also

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

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