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

Nuveen Select Maturities Municipal Fund (NYSE:NIM) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.029 per share on Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, July 15th.

Nuveen Select Maturities Municipal Fund Trading Up 0.3%

Shares of Nuveen Select Maturities Municipal Fund stock opened at $9.45 on Thursday. The stock has a 50-day simple moving average of $9.29 and a 200-day simple moving average of $9.42. Nuveen Select Maturities Municipal Fund has a 52-week low of $8.97 and a 52-week high of $9.94.

Institutional Trading of Nuveen Select Maturities Municipal Fund

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in Nuveen Select Maturities Municipal Fund by 9.1% in the first quarter. Royal Bank of Canada now owns 85,021 shares of the company’s stock worth $792,000 after acquiring an additional 7,101 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of Nuveen Select Maturities Municipal Fund by 58.8% in the 2nd quarter. Osaic Holdings Inc. now owns 33,742 shares of the company’s stock valued at $306,000 after purchasing an additional 12,500 shares during the last quarter. UBS Group AG lifted its stake in shares of Nuveen Select Maturities Municipal Fund by 1.8% in the 3rd quarter. UBS Group AG now owns 173,515 shares of the company’s stock valued at $1,607,000 after purchasing an additional 3,087 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Nuveen Select Maturities Municipal Fund in the 3rd quarter valued at $93,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Nuveen Select Maturities Municipal Fund in the fourth quarter worth $197,000. 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.