In a challenging economic climate, Nuveen Select Maturities Municipal Fund (NIM) stock has reached a 52-week low, dipping to $8.72. The fund offers an attractive 8.56% dividend yield and boasts a 33-year track record of consistent dividend payments, according to InvestingPro data. This latest price movement reflects a subtle yet persistent downtrend over the past year, though InvestingPro analysis indicates the stock is currently in oversold territory. With a low beta of 0.25 and strong current ratio of 2.95, the fund demonstrates relative stability despite market volatility. Investors are closely monitoring NIM as it navigates through the volatile market conditions, which have particularly impacted the performance of municipal bond funds. The 52-week low serves as a critical indicator for potential buyers looking for entry points, while existing shareholders consider the implications for their portfolios. For deeper insights into NIM's valuation and 6 additional exclusive ProTips, explore InvestingPro's comprehensive analysis.
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