MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD – Get Free Report) declared a dividend on Friday, July 4th, investing.com reports. Investors of record on Wednesday, July 16th will be given a dividend of 0.06 per share by the closed-end fund on Friday, August 1st. This represents a yield of 4.83%. The ex-dividend date is Tuesday, July 15th.
MainStay MacKay DefinedTerm Municipal Opportunities Fund Stock Up 0.1%
MMD opened at $14.90 on Friday. The company has a fifty day moving average of $14.63 and a 200 day moving average of $14.89. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a fifty-two week low of $14.00 and a fifty-two week high of $17.00.
Hedge Funds Weigh In On MainStay MacKay DefinedTerm Municipal Opportunities Fund
A hedge fund recently bought a new stake in MainStay MacKay DefinedTerm Municipal Opportunities Fund stock. AQR Capital Management LLC bought a new stake in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 40,212 shares of the closed-end fund’s stock, valued at approximately $606,000.
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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