Richard H. Nolan, Jr. Acquires 25,000 Shares of Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) Stock

Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) Director Richard H. Nolan, Jr. bought 25,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was acquired at an average cost of $20.30 per share, with a total value of $507,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

MMD stock opened at $20.70 on Thursday. The firm has a fifty day moving average price of $20.75 and a 200 day moving average price of $20.40. Mainstay Definedterm Municipal Opptys Fd has a fifty-two week low of $19.02 and a fifty-two week high of $21.25.

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a $0.085 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Wednesday, August 14th.

Several hedge funds have recently bought and sold shares of MMD. Mercer Global Advisors Inc. ADV purchased a new position in shares of Mainstay Definedterm Municipal Opptys Fd in the first quarter valued at $195,000. ProVise Management Group LLC purchased a new position in shares of Mainstay Definedterm Municipal Opptys Fd in the first quarter valued at $257,000. Cetera Advisor Networks LLC purchased a new position in shares of Mainstay Definedterm Municipal Opptys Fd in the second quarter valued at $304,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Mainstay Definedterm Municipal Opptys Fd by 5.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 14,802 shares of the closed-end fund’s stock valued at $309,000 after purchasing an additional 797 shares in the last quarter. Finally, Advisor Group Inc. grew its holdings in shares of Mainstay Definedterm Municipal Opptys Fd by 16.3% in the second quarter. Advisor Group Inc. now owns 18,252 shares of the closed-end fund’s stock valued at $381,000 after purchasing an additional 2,553 shares in the last quarter.

Mainstay Definedterm Municipal Opptys Fd Company Profile

MainStay DefinedTerm Municipal Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by New York Life Investment Management LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds which are exempt from regular U.S.

Featured Story: Day Trading

Receive News & Ratings for Mainstay Definedterm Municipal Opptys Fd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mainstay Definedterm Municipal Opptys Fd and related companies with MarketBeat.com's FREE daily email newsletter.