Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) Stock Crosses Below 50-Day Moving Average of $21.78

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Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $21.78 and traded as low as $21.41. Mainstay Definedterm Municipal Opptys Fd shares last traded at $21.42, with a volume of 179,665 shares.

The company has a 50-day simple moving average of $21.79 and a two-hundred day simple moving average of $21.10.

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.085 per share. This represents a $1.02 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Friday, March 13th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Mainstay Definedterm Municipal Opptys Fd by 210.4% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,844 shares of the closed-end fund’s stock worth $39,000 after acquiring an additional 1,250 shares during the period. Summit X LLC bought a new position in shares of Mainstay Definedterm Municipal Opptys Fd during the 4th quarter worth approximately $200,000. Quad Cities Investment Group LLC boosted its stake in shares of Mainstay Definedterm Municipal Opptys Fd by 13.6% during the 3rd quarter. Quad Cities Investment Group LLC now owns 11,397 shares of the closed-end fund’s stock worth $240,000 after acquiring an additional 1,363 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Mainstay Definedterm Municipal Opptys Fd by 22.2% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 18,088 shares of the closed-end fund’s stock worth $379,000 after acquiring an additional 3,286 shares during the period. Finally, Golden State Wealth Management LLC boosted its stake in shares of Mainstay Definedterm Municipal Opptys Fd by 3.8% during the 3rd quarter. Golden State Wealth Management LLC now owns 20,019 shares of the closed-end fund’s stock worth $420,000 after acquiring an additional 740 shares during the period.

Mainstay Definedterm Municipal Opptys Fd Company Profile (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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