First Trust Advisors LP trimmed its holdings in Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) by 16.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 48,992 shares of the closed-end fund’s stock after selling 9,649 shares during the period. First Trust Advisors LP’s holdings in Mainstay Definedterm Municipal Opptys Fd were worth $956,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. We Are One Seven LLC acquired a new position in Mainstay Definedterm Municipal Opptys Fd during the fourth quarter worth about $37,000. FDx Advisors Inc. acquired a new position in Mainstay Definedterm Municipal Opptys Fd during the fourth quarter worth about $254,000. Steward Partners Investment Advisory LLC grew its position in Mainstay Definedterm Municipal Opptys Fd by 12.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,700 shares of the closed-end fund’s stock worth $267,000 after buying an additional 1,500 shares during the period. Regal Investment Advisors LLC grew its position in Mainstay Definedterm Municipal Opptys Fd by 12.2% during the fourth quarter. Regal Investment Advisors LLC now owns 32,436 shares of the closed-end fund’s stock worth $633,000 after buying an additional 3,515 shares during the period. Finally, Summit Financial Wealth Advisors LLC grew its position in Mainstay Definedterm Municipal Opptys Fd by 3.6% during the fourth quarter. Summit Financial Wealth Advisors LLC now owns 37,250 shares of the closed-end fund’s stock worth $727,000 after buying an additional 1,300 shares during the period.

Shares of MMD opened at $20.18 on Wednesday. Mainstay Definedterm Municipal Opptys Fd has a twelve month low of $18.59 and a twelve month high of $20.30.

The business also recently announced a monthly dividend, which was paid on Thursday, February 28th. Shareholders of record on Friday, February 15th were given a dividend of $0.085 per share. The ex-dividend date was Thursday, February 14th. This represents a $1.02 annualized dividend and a yield of 5.05%.

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Mainstay Definedterm Municipal Opptys Fd Profile

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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Institutional Ownership by Quarter for Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD)

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