Usca Ria LLC lifted its stake in shares of Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) by 17.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,703 shares of the closed-end fund’s stock after acquiring an additional 14,104 shares during the quarter. Usca Ria LLC owned 0.35% of Mainstay Definedterm Municipal Opptys Fd worth $1,856,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC bought a new stake in shares of Mainstay Definedterm Municipal Opptys Fd during the 2nd quarter worth $504,000. Quad Cities Investment Group LLC bought a new stake in shares of Mainstay Definedterm Municipal Opptys Fd during the 1st quarter worth $244,000. BB&T Securities LLC boosted its position in shares of Mainstay Definedterm Municipal Opptys Fd by 51.4% in the first quarter. BB&T Securities LLC now owns 16,486 shares of the closed-end fund’s stock worth $310,000 after buying an additional 5,594 shares during the period. Harvest Capital Management Inc acquired a new stake in shares of Mainstay Definedterm Municipal Opptys Fd in the second quarter worth $339,000. Finally, LPL Financial LLC boosted its position in shares of Mainstay Definedterm Municipal Opptys Fd by 24.0% in the first quarter. LPL Financial LLC now owns 19,924 shares of the closed-end fund’s stock worth $375,000 after buying an additional 3,855 shares during the period.

Shares of Mainstay Definedterm Municipal Opptys Fd stock opened at $20.06 on Friday. Mainstay Definedterm Municipal Opptys Fd has a 12 month low of $18.54 and a 12 month high of $20.49.

The firm also recently announced a monthly dividend, which will be paid on Friday, August 31st. Stockholders of record on Wednesday, August 15th will be given a $0.085 dividend. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $1.02 annualized dividend and a dividend yield of 5.08%.

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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