MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD – Get Free Report) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.06 per share by the closed-end fund on Friday, January 31st. This represents a $0.72 annualized dividend and a dividend yield of 4.75%. The ex-dividend date is Wednesday, January 15th.
MainStay MacKay DefinedTerm Municipal Opportunities Fund Trading Up 0.4 %
MainStay MacKay DefinedTerm Municipal Opportunities Fund stock traded up $0.06 during mid-day trading on Friday, hitting $15.17. The company had a trading volume of 62,067 shares, compared to its average volume of 67,234. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a 12-month low of $14.53 and a 12-month high of $17.00. The company’s fifty day moving average is $15.87 and its 200-day moving average is $16.41.
Insider Transactions at MainStay MacKay DefinedTerm Municipal Opportunities Fund
In other news, Portfolio Manager John J. Lawlor purchased 2,500 shares of the stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average cost of $15.79 per share, with a total value of $39,475.00. Following the completion of the purchase, the portfolio manager now directly owns 2,500 shares of the company’s stock, valued at approximately $39,475. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
About MainStay MacKay DefinedTerm Municipal Opportunities Fund
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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