MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) Announces Monthly Dividend of $0.07

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) declared a monthly dividend on Thursday, October 1st. Investors of record on Monday, November 16th will be paid a dividend of $0.0675 per share by the closed-end fund on Tuesday, December 1st. This represents a $0.81 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Monday, November 16th.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Trading Up 1.3%

MMD stock opened at $13.77 on Friday. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a 12-month low of $13.24 and a 12-month high of $15.82. The business’s 50-day moving average is $14.64 and its 200 day moving average is $14.99.

Institutional Trading of MainStay MacKay DefinedTerm Municipal Opportunities Fund

A number of institutional investors have recently made changes to their positions in MMD. Kelleher Financial Advisors lifted its holdings in MainStay MacKay DefinedTerm Municipal Opportunities Fund by 100.0% in the 2nd quarter. Kelleher Financial Advisors now owns 1,840 shares of the closed-end fund’s stock valued at $29,000 after purchasing an additional 920 shares in the last quarter. ProVise Management Group LLC grew its holdings in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund by 7.7% during the second quarter. ProVise Management Group LLC now owns 103,033 shares of the closed-end fund’s stock worth $1,597,000 after buying an additional 7,357 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund by 10.1% during the second quarter. Oppenheimer & Co. Inc. now owns 11,242 shares of the closed-end fund’s stock worth $174,000 after buying an additional 1,034 shares in the last quarter. Noble Wealth Management PBC raised its position in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund by 3.9% in the second quarter. Noble Wealth Management PBC now owns 124,708 shares of the closed-end fund’s stock valued at $1,933,000 after buying an additional 4,708 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund by 1.3% in the first quarter. NewEdge Advisors LLC now owns 97,220 shares of the closed-end fund’s stock valued at $1,444,000 after buying an additional 1,281 shares during the last quarter.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Company Profile

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE: MMD) is a closed-end investment fund that seeks to provide a high level of current income that is exempt from regular U.S. federal income tax. The fund invests primarily in municipal securities issued by states, cities, counties, and other public entities across the United States.

The fund may invest in a broad range of municipal bonds, including general obligation and revenue bonds, and may hold securities with different maturities and credit ratings.