MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $16.29 and traded as high as $16.54. MainStay MacKay DefinedTerm Municipal Opportunities Fund shares last traded at $16.45, with a volume of 52,608 shares.
MainStay MacKay DefinedTerm Municipal Opportunities Fund Price Performance
The stock’s 50-day moving average price is $16.29 and its 200-day moving average price is $16.33.
MainStay MacKay DefinedTerm Municipal Opportunities Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, June 14th. This represents a $0.72 annualized dividend and a yield of 4.38%.
Institutional Investors Weigh In On MainStay MacKay DefinedTerm Municipal Opportunities Fund
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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