Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) Stock Price Passes Above Two Hundred Day Moving Average of $0.00

Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $20.90. Mainstay Definedterm Municipal Opptys Fd shares last traded at $20.90, with a volume of 44 shares trading hands.

The firm’s 50 day simple moving average is $20.52.

The business also recently disclosed a monthly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were paid a $0.085 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $1.02 annualized dividend and a dividend yield of 4.89%.

Several large investors have recently added to or reduced their stakes in MMD. Bank of America Corp DE increased its stake in shares of Mainstay Definedterm Municipal Opptys Fd by 7.1% in the 4th quarter. Bank of America Corp DE now owns 1,008,532 shares of the closed-end fund’s stock valued at $19,687,000 after acquiring an additional 66,484 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Mainstay Definedterm Municipal Opptys Fd in the 1st quarter valued at $389,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of Mainstay Definedterm Municipal Opptys Fd by 8.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 185,603 shares of the closed-end fund’s stock valued at $3,623,000 after acquiring an additional 14,651 shares in the last quarter. FDx Advisors Inc. bought a new stake in shares of Mainstay Definedterm Municipal Opptys Fd in the 4th quarter valued at $254,000. Finally, ProVise Management Group LLC bought a new stake in shares of Mainstay Definedterm Municipal Opptys Fd in the 1st quarter valued at $257,000.

About Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD)

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.

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