Nuveen Select Maturities Municipal Fund (NYSE:NIM) Stock Price Down 0.6% – Should You Sell?

Nuveen Select Maturities Municipal Fund (NYSE:NIM)’s share price was down 0.6% during trading on Thursday . The company traded as low as $9.17 and last traded at $9.18. Approximately 46,076 shares changed hands during mid-day trading, an increase of 79% from the average daily volume of 25,710 shares. The stock had previously closed at $9.24.

Nuveen Select Maturities Municipal Fund Price Performance

The stock has a 50 day simple moving average of $9.30 and a 200 day simple moving average of $9.08.

Nuveen Select Maturities Municipal Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.0275 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.33 dividend on an annualized basis and a yield of 3.59%.

Hedge Funds Weigh In On Nuveen Select Maturities Municipal Fund

A number of large investors have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. grew its position in shares of Nuveen Select Maturities Municipal Fund by 4.2% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 121,947 shares of the company’s stock worth $1,129,000 after buying an additional 4,906 shares during the last quarter. Ackerman Capital Advisors LLC bought a new stake in shares of Nuveen Select Maturities Municipal Fund in the 3rd quarter worth approximately $101,000. Truist Financial Corp grew its position in shares of Nuveen Select Maturities Municipal Fund by 13.0% in the 2nd quarter. Truist Financial Corp now owns 13,000 shares of the company’s stock worth $118,000 after buying an additional 1,500 shares during the last quarter. Wolverine Asset Management LLC grew its position in shares of Nuveen Select Maturities Municipal Fund by 35.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 105,936 shares of the company’s stock worth $958,000 after buying an additional 27,703 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its position in shares of Nuveen Select Maturities Municipal Fund by 12.4% in the 2nd quarter. Tortoise Investment Management LLC now owns 598,517 shares of the company’s stock worth $5,411,000 after buying an additional 66,210 shares during the last quarter. 32.23% of the stock is owned by hedge funds and other institutional investors.

Nuveen Select Maturities Municipal Fund Company Profile

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.