MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD – Get Rating) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.00 and traded as low as $16.79. MainStay MacKay DefinedTerm Municipal Opportunities Fund shares last traded at $16.86, with a volume of 11,779 shares trading hands.
MainStay MacKay DefinedTerm Municipal Opportunities Fund Stock Down 0.3 %
The business’s fifty day simple moving average is $17.07 and its 200-day simple moving average is $17.00.
MainStay MacKay DefinedTerm Municipal Opportunities Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a $0.075 dividend. This represents a $0.90 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend is Wednesday, June 14th.
Institutional Trading of MainStay MacKay DefinedTerm Municipal Opportunities Fund
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Great Valley Advisor Group Inc. increased its stake in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund by 4.7% in the fourth quarter. Great Valley Advisor Group Inc. now owns 26,629 shares of the closed-end fund’s stock worth $428,000 after acquiring an additional 1,200 shares during the period. Paragon Wealth Strategies LLC raised its holdings in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund by 109,900.0% during the 4th quarter. Paragon Wealth Strategies LLC now owns 11,000 shares of the closed-end fund’s stock worth $177,000 after acquiring an additional 10,990 shares during the period. Goodwin Daniel L raised its position in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund by 96.5% during the 4th quarter. Goodwin Daniel L now owns 22,710 shares of the closed-end fund’s stock valued at $365,000 after buying an additional 11,150 shares during the period. Guggenheim Capital LLC raised its position in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund by 29.8% during the 3rd quarter. Guggenheim Capital LLC now owns 294,235 shares of the closed-end fund’s stock valued at $4,584,000 after buying an additional 67,629 shares during the period. Finally, Cohen & Steers Inc. raised its holdings in MainStay MacKay DefinedTerm Municipal Opportunities Fund by 50.2% in the 3rd quarter. Cohen & Steers Inc. now owns 58,084 shares of the closed-end fund’s stock valued at $905,000 after buying an additional 19,411 shares during the period.
MainStay MacKay DefinedTerm Municipal Opportunities Fund Company Profile
(Get Rating)
Mainstay Mackay Definedterm Municipal Opportunities Fund operates as a closed-end investment fund, which engages in investments in the municipal bond market. Its primary objective is to seek current income exempt from regular U.S. Federal income taxes. The fund offers tax-exempt monthly distributions and total return potential, an opportunistic investment approach through active management, and a defined term that seeks to provide the net asset value upon termination to shareholders.
Further Reading
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