Stock of the Day: Nuveen Select Maturities Municipal Fund Stock Decreased as Institutional Investors Enter

November 17, 2016 - By Winifred Garcia   ·   0 Comments

Stock of the Day: Nuveen Select Maturities Municipal Fund Stock Decreased as Institutional Investors Enter

Sentiment for Nuveen Select Maturities Municipal Fund (NYSE:NIM)

Nuveen Select Maturities Municipal Fund (NYSE:NIM) institutional sentiment increased to 1.44 in Q2 2016. Its up 0.52, from 0.92 in 2016Q1. The ratio is more positive, as 13 active investment managers opened new and increased equity positions, while 9 decreased and sold their stakes in Nuveen Select Maturities Municipal Fund. The active investment managers in our partner’s database now have: 834,069 shares, down from 875,198 shares in 2016Q1. Also, the number of active investment managers holding Nuveen Select Maturities Municipal Fund in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 4 Increased: 11 New Position: 2.

Nuveen Select Maturities Municipal Fund is a diversified closed-end management investment company. The company has a market cap of $126.04 million. The Fund seeks to provide current income exempt from regular federal income tax, consistent with the preservation of capital by investing in an investment-grade quality portfolio of municipal obligations with intermediate characteristics. It currently has negative earnings. It invests in municipal securities that are exempt from federal income taxes and of varying maturities targeting an overall intermediate duration profile.

The stock increased 0.77% or $0.08 on November 16, hitting $9.99. Nuveen Select Maturities Municipal Fund (NYSE:NIM) has declined 7.07% since April 15, 2016 and is downtrending. It has underperformed by 11.69% the S&P500.

Hudock Capital Group Llc holds 0.09% of its portfolio in Nuveen Select Maturities Municipal Fund for 15,557 shares. Narwhal Capital Management owns 26,515 shares or 0.09% of their US portfolio. Moreover, Benjamin F. Edwards & Company Inc. has 0.06% invested in the company for 27,148 shares. The Ohio-based James Investment Research Inc has invested 0.03% in the stock. Deroy & Devereaux Private Investment Counsel Inc, a Michigan-based fund reported 11,500 shares.#img1#

More notable recent Nuveen Select Maturities Municipal Fund (NYSE:NIM) news were published by: Businesswire.com which released: “Nuveen Announces Results of Closed-End Fund Shareholder Meetings” on August 19, 2014, also Businesswire.com with their article: “Nuveen Closed-End Funds Declare Distributions” published on August 01, 2016, Seekingalpha.com published: “Nuveen Muni Update: June 2016” on July 27, 2016. More interesting news about Nuveen Select Maturities Municipal Fund (NYSE:NIM) were released by: Seekingalpha.com and their article: “In Search Of Income: Municipal Bond CEFs (Part II)” published on January 20, 2015 as well as Businesswire.com‘s news article titled: “Fitch Places 3 Nuveen Funds’ VRDP Shares’ S-T Rtgs on Negative Watch on …” with publication date: November 11, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Winifred Garcia


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>